Life in Lockdown: Handling a Home Emergency

Life in lockdown has been challenging for people all over the world. Some have been unable to work or forced to work from home. Many of us are having to home school our children, or commit significant time to take care of our families. Many are struggling to get the supplies that they need, as well as missing families and friends. We’re in our homes for far more substantial periods, and trying to find ways to keep busy, as well as healthy and happy. 

 

Another challenge that some will have to face is coping with some kind of emergency at home. You might have a DIY disaster, your boiler could break, or a pipe could burst. Usually, you’d simply head to a DIY store, ask your dad to come around and help or get in touch with a local tradesman. But, now, things are different. We have to consider social distancing before we do anything, and it may not be as easy to find supplies as it would have been a few weeks ago. Let’s take a look at some of the things that you can do if you find yourself facing a home emergency while you are in lockdown. 

Call in Help

While not everyone is able to work normally, you can still reach plumbing services and other professionals in an emergency. But, precautions such as wearing a mask and limiting contact while they are in your home may have to be taken, so be prepared for a different kind of service.

Turn to DIY

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If there’s a serious emergency, and you lack the skills to fix it, you are usually better getting help in than going it alone. But, if you are a keen DIYer, or the problem isn’t that bad, you may be able to deal with it on your own, or at least patch things up, so that you don’t need help until life has started to return to normal. 

Ask For Advice

If you’d rather not take the risk of inviting someone into your home, you could always ask for advice. A professional may be able to walk you through on a video call or send you detailed instructions. If you have a friend or family member that’s good in a crisis, give them a call.

Take Care of Your Home

Of course, the best way to avoid emergencies and breakages at home is to take care of your home and its appliances in the first place. Look after things, and they’ll last for longer, saving you money and reducing risks. 

Check Local Restrictions

Lockdown isn’t the same everywhere. Different areas have different restrictions, varying guidelines and differing interpretations of social distancing.  Check online for the restrictions in place in your area, so that you know what options are available to you. 

Contact Your Landlord if Renting

If you are renting the home that you are living in, your landlord is usually responsible for repairs and replacements. Get in touch as soon as you can, explaining what has happened and talking through the next steps with them.

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Growing Your Property Portfolio in the Best Possible Way

Property is one of the safest markets to invest in if you have the money to do so. This is why so many people every year are looking at the ways in which they can invest in property or real estate, and start making serious money. But, if you are new to this process, it can seem pretty daunting, especially with the sums of money that are being talked about. 

 

Make sure you think about the different ideas you’ll need to consider if you want to get involved in the world of real estate. Growing your property portfolio is one of the key things you are going to need to consider, and this is something you can work on right now. These are some of the best things you can do to achieve that, and you should use these ideas to help grow your portfolio. 

 

Diversify

 

One of the key things we would recommend would be to make sure you aim to diversify as much as possible with your portfolio. There are a lot of things that play a part in the process, and this is going to help you when it comes to making the most of your property portfolio. This means looking to invest in things like mobile homes as well as traditional apartments and houses. This is a great way of attracting more people and giving you a more unique edge to your portfolio. 

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Rent Out for a While

 

When you are getting involved in the world of property investment, you will generally have two choices; you buy a property, fix it up, and sell for a profit, or you buy and then rent for a while before selling. Renting is a good way to build up your portfolio because it is providing you with passive income on a monthly basis, and this is important. Make sure you do what you can to make the most of this and try to rent out several properties at the same time, so you increase your cash flow. 

 

Maintenance & Upgrades are Key

 

Maintaining and upgrading your properties is also really important when looking at how you can grow your portfolio. Just because you own a property doesn’t mean you can overlook basic improvements. Saving money on home improvements is important, but you definitely need to make sure you maintain and upgrade the properties as much as you can. This can make a massive difference to making your portfolio more appealing to prospective buyers and tenants. 

 

Cash Flow!

 

Cash flow is one of the most important things to consider here because, without money, you can’t purchase property. As we suggested earlier, renting is a good way of bringing in some cash flow, but you need to consider other ideas as well, such as buying positive cash flow property and coming up with side-gigs to help you supplement your income. 

 

As you might imagine, creating a strong and diverse property portfolio is a challenge, and this is something you need to make sure you consider as much as possible. There are a lot of factors that play a part in helping you achieve success in the property market, and these are some ideas that will help you to get started as much as possible.

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