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Investment Property Annual Inspection Checklist

Annual checklist for landlords and property managers. Catch problems early before they become expensive repairs.

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Test smoke alarms
Legally required in all states. Test every alarm, replace batteries annually, and replace alarms every 10 years. Keep records of testing dates.
Test safety switches (RCDs)
Press the test button. If it doesn't trip, call an electrician immediately. Document the test date in your maintenance records.
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Check for leaks — all taps, toilets, under sinks
A slow leak can cause $5,000+ in water damage before anyone notices. Check under every sink, behind toilets, and around the hot water system.
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Inspect roof and gutters
Look for cracked tiles, rust spots on metal roofing, and blocked gutters. Book a roofer for anything suspicious. Prevention is 10x cheaper than repair.
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Service air conditioning
Annual servicing maintains efficiency and extends the system's life. A $200 service prevents a $3,000 replacement.
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Service gas appliances
Gas heaters and hot water systems need annual servicing. A blocked flue is a carbon monoxide risk — this is a safety obligation, not optional.
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Book termite inspection
Annual termite inspections cost $250-$400. Termite damage costs $7,000-$10,000+ on average. This is not optional in most of Australia.
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Check exterior paint and timber
Peeling paint exposes timber to weather, leading to rot. Touch up or repaint before damage sets in. Budget $1,000-$3,000 for targeted exterior touch-ups.
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Check locks, windows, and security
All locks should function smoothly. Window latches should secure properly. Tenants' safety is your legal responsibility.
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Photograph condition and update records
Compare with last year's photos. Note any new damage, wear, or maintenance items. This documentation protects you in disputes.

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