Some of these parts are inexpensive, but the rest, particularly those found around the exterior of a rental home, can add up quickly when repairs are needed. The key to long-term success as a Murrysville property owner means predicting these expenses and incorporating them into your overall property management plan.
To do so, it is imperative that you know the estimated lifespan of the materials used on the exterior of your rental property. For example, a property maintained deck or patio will last between 15 and 20 years. However, a neglected deck may become a safety hazard in as little as ten years.
Garage doors, exterior doors, vinyl windows, fences, and asphalt or concrete driveways and walkways are other exterior items with solid life expectancies. Banking on the caliber and climate conditions, a garage door can last roughly from 15 to 20 years. This evaluation also consists of other exterior doors that are exposed to the elements.
Take into account that materials can make an immense difference when it comes to the longevity of exterior items. Exceptional vinyl windows, for example, can last for up to 40 years, while cheap windows may need to be substituted in as little as 15. A quality cedar fence may go on between 15 and 30 years, while pine fences will need to be replaced after five to twelve, and spruce fences in as low as four to seven.
Concrete and asphalt are well known for their durable nature, but even they need to be replaced after a while. This is of particular concern if you secure older properties. An asphalt driveway can last upward of 30 years if sealed and maintained properly, and so should concrete. As with other items, however, proper maintenance can make a huge impact on how long your driveway or walkway can last.
When it comes to property values and curb appeal, it doesn’t serve to take stakes with repairs and reinstatement. Arranging for the repair/replacement of your Murrysville 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 Three Rivers, we can help you make a property management plan that will ensure your real estate success for years to come. Contact us online or call us at 724-804-8254 for more information about our property management options in Murrysville and the surrounding areas.