People aren’t the only ones with a definite life expectancy; appliances and electronic systems located in your Cranston rental home have a fixed lifespan. 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. It would be best if you could schedule purchasing in intervals the major elements in your rental building, so as not to create a financial burden.
So how long do major interior elements 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. For instance, a premium kitchen range should last for 20 years, while a refrigerator or microwave can last roughly ten years. Both air conditioning units and hot water heaters 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 will generally last five years before they begin to look shabby and ragged. Having said that, blinds, window shades, and curtains last a meager amount of three years because of heavier wear and tear and the inclusion of components that break more easily than most.
Recognizing the life expectancy for every expensive item within your Cranston rental property can be of use to you by giving you an idea of when to replace equipment. 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 Providence can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 401-272-3300.