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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, considering and staying informed of the state of each home’s exterior elements is just as crucial as pondering on when 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 decently be expected to last is a relevant part of successful rental property management.

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager really understands the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the period it should last being guided by standard conditions. Like: a quality cement patio remains upwards of 50 years, due, in fact, to the extraordinarily durable nature of cement. In comparison, wooden decks only last about ten years, given their sensitivity to the natural elements.

For immediate reference, we’ve listed certain 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 great to know how long an element is expected to last in your property, first of all, if your tenant elicits damage beyond normal wear and tear. For illustration, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. But, on the flip side, if the vinyl siding is less than 25 years old, the renter would plausibly be obliged to pay some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a purposeless judicial process, the recommended option to comply with is to be ahead of property damage. With the correct, pertinent information and a proactive system for property management, it’s surely possible to manage and keep every single component of the rental home – both in and out– in an attractive state. Heedfully replacing items, at usual times, beyond their valuable and useful lives is one way to avoid bearing the full cost of repairs in consideration of tenant negligence. Another is carrying out regular property evaluations to track the present state of various areas of the rental home.

Real Property Management Pioneer imparts a full property management program that involves preparing for years and years with maintenance plans, property evaluations, and more. We have the equipment and professional experience to administer your Lewisville real estate investments, making them favorably profitable for the plausible future. Contact us online or at 940-435-2526 today!

Originally Published on March 22, 2019

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