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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.When it certainly comes to rental home ownership nationwide, knowing and being informed of the state of each home’s exterior elements is just as key as contemplating when to replace the carpet or repaint the walls.

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

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager takes into consideration the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the time frame it should last, paying attention to standard conditions. As an illustration: a quality cement patio can hold up upwards of 50 years, on account of the immensely durable nature of cement. By contrast, wooden decks only last about ten years, given their sensitivity to the natural elements.

For your immediate reference, we’ve listed just a number of 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 beneficial to distinguish how long an element is expected to last in your property, definitely if your tenant induces damage beyond normal wear and tear. To give you an example, 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 possibly be held accountable and obliged to pay some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a futile judicial process, a good option to perform is to be ahead of property damage. With the right and helpful information and a proactive system for property management, it’s obtainable to manage and keep every single component of the rental home – both in and out– in fine condition. Carefully replacing items, at regular times, beyond their functional lives is one way to avoid bearing the full cost of repairs resulting from tenant negligence. Another is implementing regular property evaluations to closely monitor various areas of the rental home.

Real Property Management Prime provides a full property management program that constitutes preparing for the next few years with maintenance plans, property evaluations, and a lot more. We have the proper equipment and expertise to handle your Catonsville real estate investments, making them hugely prifitable for the coming future. Contact us online or at 410-415-1736 today!

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