Buying and managing rental properties in Semmes means long-term investment planning. Your new rental property must be maintained and interior and exterior items will need to be repaired and replaced eventually.
A few of these items are really inexpensive, but some of them, especially those found around the exterior of your rental home, can be expensive. To achieve lasting success as a Semmes property owner is to calculate the future costs and write them into your overall property management plan.
To carry this out, you need to know what the lifespan is of certain exterior items. In the same manner that carpet or interior paint has its life expectancies, so do exterior items. To illustrate, a deck or patio that is maintained properly will last between 15 and 20 years. Yet a deck that was poorly maintained might become a safety hazard in as early as ten years.
Garage doors, exterior doors, vinyl windows, fences, and asphalt or concrete driveways and walkways are other exterior items with solid life expectancies. Garage doors can last– depending on quality and climate conditions– anywhere from 15 to 20 years. The same goes for other exterior doors that are exposed to the elements.
Remember that the kinds of materials can make a huge difference in the longevity of exterior items. For example, quality vinyl windows can last for up to 40 years, while cheap windows may need replacement in as little as 15. A quality cedar fence may be used between 15 and 30 years, while pine fences will need to be replaced after five to twelve, and spruce fences as early as four to seven.
Concrete and asphalt have high marks when it comes to durability, but they don’t last forever and will eventually need to be replaced. This is applicable if you acquire older properties. An asphalt driveway can last upward of 30 years if sealed and maintained properly, and so should concrete. Just like anything else, proper maintenance can significantly increase the lifespan of a driveway or walkway.
When looking into property values and curb appeal, no benefit comes from skipping proper maintenance and replacement duties. Planning for the replacement of the exterior items in your Semmes rental home can maintain your cash flow, keep your tenants happy, and help your rental property value increase year after year.
At Real Property Management Azalea City, we can guide you in forming a property management plan made specifically for you to attain long-term success in your real estate business. If you want to know more about our property management options in Semmes and the surrounding areas, don’t hesitate to contact us online or call us at 251-345-6224.
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.