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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.In relation to rental home ownership nationwide, fully knowing and monitoring the state of each home’s exterior elements is just as weighty as projecting when to replace the carpet or repaint the walls.

Whether you’re renting out an older property or a newly built home, taking into account the age of each item and how long it can properly be expected to last is a substantial part of successful rental property management.

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager truly knows the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the time period it should last, in accordance standard conditions. By way of example: a quality cement patio remains upwards of 50 years, thanks to the incredibly durable nature of cement. But in contrast, wooden decks only last about ten years, given their sensitivity to the natural elements.

For your guidance, we’ve listed a few 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 relevant to take in how long an element is expected to last in your property, particularly if your tenant instigates damages beyond normal wear and tear. As a sample, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. But, in contrast, if the vinyl siding is less than 25 years old, the renter would probably be accountable and called to pay some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a frutless judicial process, the beneficial option to work on is to be ahead of property damage. With the right valuable information and a proactive system for property management, it’s absolutely possible to manage and keep every single component of the rental home – both in and out– in a nice form. At regular intervals, attentively replacing items beyond their useful lives is one way to avoid bearing the full cost of repairs arising from tenant negligence. Another is realizing regular property evaluations to properly check on various areas of the rental home.

Real Property Management Key Response brings on the table a full property management program that takes in preparing for the upcoming years with maintenance plans, property evaluations, and a lot more. We have the proper equipment and expertise to take charge of your Hendersonville real estate investments, building them up to be rewardingly profitable for future years to come. Contact us online or at 615-953-8700 today!

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