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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.Regarding rental home ownership nationwide, taking in and tracking the state of each home’s exterior elements is just as beneficial as thinking of when to replace the carpet or repaint the walls.

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

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager grasps well the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the time it should last, in line with standard conditions. To cite an instance: a quality cement patio makes do upwards of 50 years, because of the highly durable nature of cement. But, on the other hand, wooden decks only last about ten years, given their sensitivity to the natural elements.

For your guide, we’ve selected and listed here some 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 crucial to be informed how long an element is expected to last in your property, mainly if your tenant causes damage beyond normal wear and tear. For instance, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. Though, if the vinyl siding is less than 25 years old, the renter would probably be answerable for paying some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a useless judicial process, the proper option to operate on is to be ahead of property damage. With exact information and a proactive system for property management, it’s attainable to manage and keep every single component of the rental home – both in and out– in a good state. Constantly replacing items beyond their functional lives is one way to avoid bearing the full cost of repairs owing to tenant negligence. Another is endeavoring to do regular property evaluations to carefully watch over various areas of the rental home.

Real Property Management Principles offers a full property management program that encompass preparing for future years with maintenance plans, property evaluations, and many more. We have the proper equipment and expertise to manage and make your Gladstone real estate investments gainful for the feasible future. Contact us online or at 816-890-9800 today!

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