People aren’t the only ones with a definite lifespan; kitchen appliances and systems installed in your Humble rental house will not last forever. As a property owner, it’s important to know what the life expectancy is for each of your rental property’s major interior elements and to have a plan in place to replace them when needed. It would be best if you could schedule purchasing in intervals the major elements in your rental building, so as not to create a financial burden.
So how long do major interior elements last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. This is why it’s important to choose well-made items made by companies that don’t compromise on the quality of their products. A refrigerator or microwave may last approximately ten years whereas a good kitchen range should last up to 20 years. Air conditioning units and hot water heaters have a life expectancy of, more or less, ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. Every one of these will generally last five years before they begin to look shabby and ragged. Blinds, window shades, and curtains, however, can last as short as three years because of heavier wear and tear coupled with components that break more easily than most.
In order to better plan for replacements in the future, it’s a good idea to be familiar with the life expectancy for each big item within your Humble rental property. Scheduling regular maintenance service and replacing parts in advance will help you budget wisely, thus protecting your investment and ensuring a regular cash flow.
For more information on replacement planning and how the property management services offered by Real Property Management Preferred can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 281-894-9111.
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