With regards to rental home ownership nationwide, comprehending and keeping abreast with the state of each home’s exterior elements is just as focal as knowing exactly when to replace the carpet or repaint the walls.
Whether you’re renting out an older property or a newly built home, being informed of the age of each item and how long it can appropriately be expected to last is a key part of successful rental property management.
Importance of Maintaining Your Property’s Exterior
A good landlord or property manager figures out the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the timespan it should last, in accordance with standard conditions. For instance: a quality cement patio survives upwards of 50 years, taking into account the tremendously durable nature of cement. However, by comparison, wooden decks only last about ten years, given their sensitivity to the natural elements.
For your easy reference, we’ve listed here some 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 pertinent to find out how long an element is expected to last in your property, absolutely if your tenant elicits damage beyond normal wear and tear. To give you an example, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair expenses. On the other hand, if the vinyl siding is less than 25 years old, the renter would perhaps be held accountable and obliged to pay some or all the repair costs.
Stay Ahead of Property Damage
Rather than spend time and money on an unfruitful judicial process, the logical option to bring about is to be ahead of property damage. With the correct ahd useful information, and a proactive system for property management, it’s surely possible to manage and keep every single component of the rental home – both in and out– in excellent form. Conscientiously replacing items, at regular times, beyond their effectual or functional lives is one way to avoid bearing the full cost of repairs originating from tenant negligence. Another is dealing with regular property evaluations to monitor closely various areas of the rental home.
Real Property Management Perfection provides a full property management program that embraces preparing for the next few years with maintenance plans, property evaluations, and a lot more. We have the equipment and mastery to properly manage your Guilford County real estate investments profitably for the impending future. Contact us online or at 336-510-9975 today!
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