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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.Related to rental home ownership nationwide, grasping well and staying informed of the state of each home’s exterior elements is just as focal as thinking of when to replace the carpet or repaint the walls.

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

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager figures out the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the length of time it should last, in keeping with standard conditions. For instance: a quality cement patio holds up upwards of 50 years, for the reason of the supremely durable nature of cement. Compared to that, wooden decks only last about ten years, given their sensitivity to the natural elements.

As reference, we’ve listed just a few 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 vital to catch on how long an element is expected to last in your property, especially if your tenant instigates damage beyond normal wear and tear. For instance, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. That being said, if the vinyl siding is less than 25 years old, the renter would probably be held liable for paying some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a needless judicial process, the suitable option to bring about is to be ahead of property damage. With proper information and a proactive system for property management, it’s quite possible to manage and keep every single component of the rental home – both in and out– in a fair shape. Carefully and regularly replacing items beyond their useful lives is one way to avoid bearing the full cost of repairs on grounds of tenant negligence. Another is working on regular property evaluations to properly monitor various areas of the rental home.

Real Property Management West San Fernando Valley endows a full property management program that entails preparing for the years to come with maintenance plans, property evaluations, and immeasurably more. We have the equipment and professional experience to act on your North Hollywood real estate investments, making them valuably profitable for the immenent future. Contact us online or at 818-727-0100 today!

Originally Published on March 22, 2019

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