The real estate business is one of the most beneficial and advantageous ventures that you can get into in crowded places like Bangalore or the top cities and nearby areas. The business never takes a break as people migrate to cities and developed areas for their careers and a better future and they need a place for themselves. This is where real estate comes into the picture. The real estate business can be divided into four types of service areas such as residential real estate, commercial real estate, industrial real estate and land acquired. The industrial real estate and land acquisition can only be stimulated in the outskirts of densely populated areas and cities. But the residential and commercial real estate is the gold mine for urban places and metropolitans.
The real estate industry deals with producing, selling, and buying real estate. Construction of new buildings, building new homes, helping the buyers and sellers negotiate on the purchase terms, keeping the knowledge about finance & inspection of the building or property for defects and assets. There are many other factors that the real estate agents need to take care of before assessing the pricing of any particular building or property which involves safety, privacy, pest control, cleanliness, power ventilation, and many more.
Being one of the vital factors, pests can determine if you can sell or buy a property. If a serious infestation is reported for a certain property then the prices might see a reduction and transactions might be hampered. Hence it is seen that real estate business owners and agents have a strong association with professional pest control services in Bangalore. There are a number of potential impacts that can affect a probable business opportunity in case of pest infestations. Here is a list that you can refer which will give you an idea regarding the effects.
- Contract Terminations – Any news of a pest infestation might just be a deal-breaker. It cannot be denied that after renting or buying a place you might not face a pest problem but any buyer might just terminate the contract even before the transaction in case they get to know that there is a slight possibility of pest infestation.
- Reduction in Rent – Even if you are able to sell a property by hiring local professional pest exterminators in Bangalore and temporarily get rid of the problem, but that does not ensure that the problem won’t arise again. Pests return back to the same place again and again if proper precautions are not taken. Once the property is rented out and the tenants face pest problems they might just feel betrayed, demand reduction in rent, and even try to lodge a complaint against the real estate. So it is highly recommended to get the help of professional pest control and make them give a proper inspection before selling or renting homes.
- Costly Pest Control Services Once Delayed – If the pest problem is repeatedly avoided for a longer time, it might become costlier to get rid of the problem itself. Pest infestations like rodent, cockroach, termites, flies, mosquitoes, bees, and others can never be eliminated in a single go. Once inside the property, they seem to get comfortable and do not like being exterminated. Either some of them try to remain behind or keep coming back to the place in increasing numbers. This affair will cost you more once a tenant or owner has shifted.
- Repair and Maintenance Costs – Pests such as rats, termites, wood borers, etc. affect the house and cause extensive damages to the property. Rats chew away wirings, make holes in walls, gnaw wood and termites can just ruin any wooden furniture or structure of the house. This impacts the cost as repair and maintenance costs get added to your finances because of these tiny vermin. Apart from repair costs you also get cleaning costs as you have to hire professional cleaning services in Bangalore to clear away the debris and damage that the pests cause at large. Also, before people move in a pest-infested an area also needs to be sanitized thoroughly.
- Tainted Reputation for Agent as well as Owner – The reputation of a real estate agent and his firm is of the most important when it comes to the real estate business. If a bad reputation circles the market, then it might become very difficult to get good business opportunities in the future. The same goes for the owner of the building or property who is selling the property. A pest infestation is not only bad for the finances but also for the status of the agent and owner both.
As it is quite clear that real estate and pest control services work hand in hand while providing a good and healthy environment to any potential buyer and seller so it is very important for both of them to sustain an advantageous and wholesome dependency. Next time you are looking for property, building or flats do get in touch with the best real estate agency and never forget to get a check on the pest control issue.