Some of the significant costs associated with maintaining your Syracuse rental property is related to repairs of the appliances that are used inside the home. Because these items are utilized more, then it makes sense that the appliances and systems will only last for a while. 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.
So, the question you are now asking is, what is the average lifespan then of these interior items? 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 kitchen range ought to be fully functioning for 20 years, whereas a refrigerator or microwave can be predicted to last about ten years. Air conditioning units and hot water heaters alike have a life expectancy of about ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. These items normally last five years before they appear a bit shabby. Blinds, window shades, and curtains, conversely, last as little as three years as a result of heavier wear and tear though being made of components that break more easily than most.
Recognizing the life expectancy for each major item within your Syracuse rental property can help you to better adjust for possible replacements sooner or later. 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 Northern Utah can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 801-546-1770.
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