Most–if not all appliances and systems that are in your Kimberly rental property have an average life cycle; because they are used continuously, it makes sense that as time goes by, they will need to be replaced eventually. 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.
That being said, you may begin to ask what the natural lifespan of these interior items is? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. For instance, a first-rate kitchen range should give you up to 20 years, whereas a refrigerator or microwave can be anticipated to last about ten years. Air conditioning units and hot water heaters both 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. Each of these naturally will be useable for up to five years before they begin to appear permanently ragged. Blinds, window shades, and curtains, on the other hand, last as little as three years because of heavier wear and tear although being made of components that break more easily than most.
Being able to understand the life expectancy for each vital item within your Kimberly rental property can help you to better prepare for the inevitable need for them to be replaced at a future date. 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 Magic Valley can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 208-734-4001.