Mankind isn’t the only one with life expectancies; furnishings and electrical systems within your Silver Lake rental property will only last for a short period of time. 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.
Therefore, how long do interior items last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. To be specific, an acceptable superior kitchen range can survive up to 20 years, just as a refrigerator or microwave can be foreseen to last out for nearly ten years. Air conditioning units and hot water heaters each of these have a life expectancy of nearly ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. Every single one of these mostly goes on five years before they appear to look old and tattered. Blinds, window shades, and curtains, on the contrary, only last a little time, three years as a result of heavier wear and tear while having rendered of components that break more easily than most.
Understanding the life expectancy for each fundamental item within your Silver Lake rental property can drive you to more effective initiative for budding substitutes someday. 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 Vision can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 818-233-8789.