People aren’t the only ones with a particular life duration; appliances and systems inside of your Henrico County rental property will simply last for a certain 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.
In view of this, how much time do interior things endure? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. For instance, a fine type of kitchen range should stay at the very most 20 years, though a refrigerator or microwave can be considered to endure about ten years. Air conditioning units and hot water heaters both do have a life expectancy of roughly 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 commonly sustains five years before they get to look forever threadbare. Blinds, window shades, and curtains, in contrast, remain not later than three years on the basis of heavier wear and tear as they are formed of components that break more easily than most.
Understanding the life expectancy for each main item within your Henrico County rental property can foster you to gain better insights for expected replacements in the coming years. 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 Richmond Metro can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 804-417-7005.