Humans aren’t the just the ones with longevity; appliances and systems inside your Troy rental property will only last for so long. 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.
Therefore, how long do interior elements last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. For instance, an exceptional valuable kitchen range should last up to 20 years, at the same time, a refrigerator or microwave can be expected to last for almost ten years. Air conditioning units and hot water heaters together have a life expectancy of approximately ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. Every one of these naturally last for five years before they start to appear tattered. Blinds, window shades, and curtains, alternatively, last as little as three years due to heavier wear and tear while being made of components that break more easily than most.
Realizing the life expectancy for every main item within your Troy rental property can assist you to better plan for potential replacements in the future. 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 Silverstone can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 586-992-6419.
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.
