Buying and managing rental properties in Buhl means long-term investment planning. Your new rental property will require maintenance and the reality of its interior and exterior items to be repaired and replaced.
Some of these things are inexpensive, but those found around the exterior of a rental home can get expensive. The crucial item for achieving success as a Buhl property owner means doing things in advance especially forecasting costs and counting them in your overall property management plan.
Learning Exterior Item Life Spans
To be capable in this area, it is crucial to learn the extent of certain exterior items’ life spans. In the same manner, carpet or interior paint has particular life expectancies, so do exterior items. A properly maintained deck or patio will typically have a likelihood of lasting for 15-20 years. However, an unkempt deck may turn out to be a safety hazard in as little as ten years.
Garage doors, exterior doors, vinyl windows, fences, asphalt or concrete driveways, and walkways are other exterior items with solid life expectancies. A garage door can last anywhere from 15 to 20 years, depending on the quality and climate conditions.
Keep in mind that materials can make a vast difference to the longevity of exterior items. Top-of-the-line vinyl windows, for instance, can last for up to 40 years. On the other hand, cheap windows may require replacement in as little as 15. A quality cedar fence may endure between 15 and 30 years. Pine fences last only after five to twelve, and spruce fences as little as four to seven.
Concrete and asphalt are known for their durability, but they will ultimately need to be replaced as well. This can be of concern for you if you buy older properties. An asphalt driveway can last upward of 30 years if sealed and maintained properly. As with other items, proper maintenance can make a significant change in how long a driveway or walkway can endure.
It doesn’t pay to take chances with maintenance and replacement when it comes to property values and curb appeal. Planning to replace your Buhl 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 Magic Valley, we can help you create a property management plan that will ensure your real estate success for years to come. Contact us online or call us at 208-734-4001 for more information about our property management options in Buhl and the neighboring areas.
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