With regards to rental home ownership nationwide, perceiving and keeping updated of the state of each home’s exterior elements is just as crucial as knowing 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 logically be expected to last is a major part of successful rental property management.
Importance of Maintaining Your Property’s Exterior
A good landlord or property manager is able to distinguish the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the time period it should last, minding standard conditions. As an illustration: a quality cement patio stays good for upwards of 50 years, due to the particularly durable nature of cement. However, compared to that, wooden decks only last about ten years, given their sensitivity to the natural elements.
For hassle-free reference, we’ve listed a handful of 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 figure out how long an element is expected to last in your property, in particular, if your tenant triggers damage beyond normal wear and tear. Example, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. With that said, if the vinyl siding is less than 25 years old, the renter would possibly be responsible for paying some or all the repair costs.
Stay Ahead of Property Damage
Rather than spend time and money on an aimless judicial process, the advantageous option to carry out is to be ahead of property damage. With helpful information and a proactive system for property management, it’s unquestionably possible to manage and keep every single component of the rental home – both in and out– in a fair condition. Conscientiously replacing items, at regular times, beyond their useful lives is one way to avoid bearing the full cost of repairs on account of tenant negligence. Another is implementing regular property evaluations to closely monitor various areas of the rental home.
Real Property Management Landmark endows a full property management program that embodies preparing for the coming years with maintenance plans, property evaluations, and noticeably more. We have the equipment and adeptness to operate your Mineola real estate investments, making them beneficially profitabe for the possible future. Contact us online or at 516-522-2859 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.
