December 20, 2019

Memoirs: Property Perils

Please note, this is a collaborative post with CIA Landlord insurance. 

Although I predominantly use this blog to document my travels, every now and then I like to talk about all things home, interiors and finance. A couple of years ago (I believe it was 2017), I purchase a property with my siblings and I now have the title of ‘Landlord’ added to my CV. Thankfully my tenants are my family but that doesn’t mean the problems I face are any different.

Owning a home is great on paper and in the eyes of ‘society’ but it is a huge responsibility. It’s not like you can get a refund overnight. You’re in charge when it comes to maintenance, repairs, bills, taxes etc. Remind me why I did this again? Oh yeah, it’s an investment!

Having landlord insurance in place is an  is an absolute necessity; CIA Landlord insurance compare the best policies and advise on which ones are the most appropriate* for you. They say if you fail to prepare, you prepare to fail.

My property is a four bedroom house in London and it is a little bit run down at the moment but we (my siblings and I) are working to revamp it over the coming months. With these kind of renovations comes huge costs and with huge costs comes cowboy builders and bad work. That’s why its important to do due diligence, have a contract in place before work begins and of course insurance in the event anything goes wrong. 

It would be great if we could all do the work ourselves but we don’t have the skillset and of course time = money. Money = time. 

 Going by a trusted recommendation and doing research is key. But what is most important is always have finances set aside for any mishaps. Properties get damaged all the time from internal and external forces. 

Being a landlord is an immense responsibility whether you are your own tenant, your family or just strangers. You need to be committed, concerned when there is an issue and be able to offer a solution. But on the plus side you can tick off the ‘own a home milestone’! 

Read more: How I Got On The Property Ladder

Char xo 

Please note, this is a collaborative post with CIA Landlord insurance; all views are my own. 

*CIA Insurance Services is an independent insurance intermediary, authorised and regulated by the Financial Conduct Authority (FCA). Ref. 309407.

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About Me

Welcome to my little space on the internet, known as Memoirs and Musings. I’m Char, short for Charlotte and my blog/website/diary is dedicated to documenting my Memoirs and Musings, hence the name. I wouldn’t say I was your ‘typical’ blogger either. I don’t care about getting the perfect flatlay or feeling bad for not posting, I just enjoy writing. If you’ve made it this far, thank you for reading. Anyway, I love to travel, indulge in a glass of white wine, when plans are cancelled and purchase overpriced make up.  I guess that’s me in a nutshell, trying to figure out this thing called life, have fun and never lose sight.