Buying and managing rental properties in Bountiful means long-term investment planning. The truth is, your new rental property will require upkeep and interior and exterior items will ultimately need to be repaired and replaced.
Most of these items are reasonably inexpensive, however, those around the exterior of a rental home can be quite expensive. The secret to continuous victory as a Bountiful property owner means projecting these costs and counting them in your overall property management plan.
To be successful in doing so, it is vital to understand how long certain exterior items can be anticipated to last. In the same manner that carpet or interior paint has particular life expectancies, so too do exterior items. For instance, a well-kept deck or patio will last between 15 and 20 years. An abandoned deck may develop a safety hazard in as little as ten years.
Garage doors, exterior doors, vinyl windows, fences, and asphalt or concrete driveways and walkways are other exterior items with solid life expectancies. Depending on the quality and climate conditions, a garage door can range from 15 to 20 years. This approximation also includes other exterior doors that are exposed to the elements.
Keep in mind that materials can make a big difference when it comes to the longevity of exterior items. Quality vinyl windows, for example, can last for up to 40 years, while cheap windows may need to be replaced in as little as 15. A quality cedar fence may last between 15 and 30 years, while pine fences will need to be replaced after five to twelve, and spruce fences in as little as four to seven.
Concrete and asphalt are acknowledged for their durability, but then again, they will sooner or later require replacement. This is of particular concern if you buy older properties. An asphalt driveway can last upward of 30 years if sealed and maintained correctly, and so should concrete. Just like other items, though, appropriate maintenance can make a big difference in how long a driveway or walkway can last.
When dealing with property values and curb appeal, it doesn’t help if you take chances with maintenance and replacement. Preparing for the replacement of your Bountiful rental home’s exterior items can maintain your cash flow, keep your tenants happy, and help your rental property value increase year after year.
At Real Property Management Northern Utah, we can assist you in creating a property management plan that will safeguard your real estate victory for years to come. Contact us online or call us at 801-546-1770 for more information about our property management options in Bountiful and the surrounding areas.
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