In terms of rental home ownership nationwide, taking into consideration and keeping informed of the state of each home’s exterior elements is just as principally important as anticipating when to replace the carpet or repaint the walls.
Whether you’re renting out an older property or a newly built home, finding out the age of each item and how long it can wisely be expected to last is a crucial part of successful rental property management.
Importance of Maintaining Your Property’s Exterior
A good landlord or property manager grasps well the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the time span it should last, paying attention to standard conditions. To cite an instance: a quality cement patio exists upwards of 50 years, on account of the remarkably durable nature of cement. In contrast, wooden decks only last about ten years, given their sensitivity to the natural elements.
For trouble-free reference, we’ve listed a few common exterior items and their average lifespan:
- Garage Door: 15 years
- Automatic Garage Door Opener: 5-10 years
- Wood Fence: 10 years
- Stucco Exterior: 20-50+ years
- Vinyl Siding: 25 years
It’s weighty to identify how long an element is expected to last in your property, definitely if your tenant causes damage beyond normal wear and tear. By way of example, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. But, however, if the vinyl siding is less than 25 years old, the renter would imminently be bound to pay some or all the repair costs.
Stay Ahead of Property Damage
Rather than spend time and money on fruitless judicial process, the appropriate option to implement is to be ahead of property damage. With detailed, useful information and a proactive system for property management, it’s clearly possible to manage and keep every single component of the rental home – both in and out– in fine form. Cautiously replacing items, at regular intervals, beyond their useful lives is one way to avoid bearing the full cost of repairs as a result of tenant negligence. Another is bringing about regular property evaluations to carefully check on various areas of the rental home.
Real Property Management Hartford Metro/Greater New London provides a full property management program that constitutes preparing for the coming years with maintenance plans, property evaluations, and significantly more. We have the equipment and professional expertise to take charge of your New London real estate investments, making them successfully profitable for the imminent future. Contact us online or at 860-436-9955 today!
Originally Published on March 22, 2019
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
