People aren’t the only ones with a limited life expectancy; systems and kitchen appliances within your Theodore rental building will eventually stop working. 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. Preferably, you should create a plan that allows you to purchase expensive items in intervals so as not to overburden yourself.
So how long do interior electronic systems last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. That’s why it’s imperative to choose high-quality items made by reputable companies that aren’t trying to make a quick buck. Case in point, a fine quality kitchen range is likely to last up to 20 years, while a refrigerator or microwave can last about ten 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. All of these will last five years before they visibly become time-worn and well-used. Nonetheless, blinds, window shades, and curtains last as quickly as three years on account of heavier wear and tear as well as consisting of 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 Theodore 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 Azalea City can help keep your property values high and tenants satisfied, contact us online or by calling us directly 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.