People aren’t the only ones with a life expectancy; appliances and electronic equipment located at your Yardley rental home can only last a certain amount of time. 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. Ideally, you should schedule big purchases in intervals so as not to overburden your wallet.
So how long can you expect interior items to last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. It’s always important to select durable items made by dependable companies that enjoy producing quality products. First-rate kitchen ranges, for example, should last up to 20 years, while a refrigerator or microwave could last around ten years. Both air conditioning units and hot water heaters have a life expectancy of close to ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. Each one of these will usually last five years before they appear to look permanently well-worn. On the other hand, blinds, window shades, and curtains can last as briefly as three years as a result of heavier wear and tear and at the same time being comprised of components that break more easily than most.
Being conscious of the life expectancy for each big-ticket item within your Yardley rental property can be useful when planning for future household item replacements. 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 Prosperity can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 267-433-4200.
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