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How the Age of Your Rental’s Exterior Affects Its Value

A spacious home with a vibrant green garage door, highlighting its charming exterior.As regards rental home ownership nationwide, finding out and observing the state of each home’s exterior elements is just as pertinent as considering when to replace the carpet or repaint the walls.

Whether you’re renting out an older property or a newly built home, comprehending the age of each item and how long it can reasonably be expected to last is a weighty part of successful rental property management.

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager takes in the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the duration it should last, keeping standard conditions. For example: a quality cement patio can actually last upwards of 50 years, because of the greatly durable nature of cement. By comparison, wooden decks only last about ten years, given their sensitivity to the natural elements.

For instant reference, we’ve listed various 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 principally important to assimilate how long an element is expected to last in your property, exactly if your tenant engenders damage beyond normal wear and tear. Take one 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, take note, if the vinyl siding is less than 25 years old, the renter would most probably be accountable for paying some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a meaningless judicial process, the rational option to act on is to be ahead of property damage. With accurate information and a proactive system for property management, it’s viable to manage and keep every single component of the rental home – both in and out– in excellent state. Habitually replacing items beyond their functioning lives is one way to avoid bearing the full cost of repairs as a consequence of tenant negligence. Another is actualizing regular property evaluations to attentively monitor various areas of the rental home.

Real Property Management Instant Equity offers a full property management program that pertains to preparing for many years to come with maintenance plans, property evaluations, and far more. We have the professional equipment and practical knowledge to work on your Goose Creek real estate investments productively for the most certain future. Contact us online or at 843-898-5743 today!

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