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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.Pertaining to rental home ownership nationwide, really understanding and staying informed of the state of each home’s exterior elements is just as principally important as thinking when you are likely to replace the carpet or repaint the walls.

Whether you’re renting out an older property or a newly built home, taking in the age of each item and how long it can logically be expected to last is a critical 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 limit it should last, bearing in mind the standard conditions. For instance: a quality cement patio can hold out upwards of 50 years, because of the particularly durable nature of cement. By comparison, wooden decks only last about ten years, given their sensitivity to the natural elements.

For easy guidance, we’ve listed 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 vital to take into consideration how long an element is expected to last in your property, exactly if your tenant sets off damage beyond normal wear and tear. For a case in point, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair expenses. Although, if the vinyl siding is less than 25 years old, the renter would be aptly responsible and expected to pay some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on an aimless judicial process, the feasible option to implement is to be ahead of property damage. With correct and helpful information, and a proactive system for property management, it’s certainty possible to manage and keep every single component of the rental home – both in and out– in a fair condition. Consistently replacing items beyond their functional lives is one way to avoid bearing the full cost of repairs in view of tenant negligence. Another is carrying out regular property evaluations to track and monitor various areas of the rental home.

Real Property Management Sterling grants a full property management program that encompasses preparing well for the coming years with maintenance plans, property evaluations, and rather more. We have the best equipment and expertise necessary to manage your Winooski real estate investments profitably and beneficially for the coming future. Contact us online or at 802-861-6468 today!

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