People are not the only ones with a life expectancy; appliances and systems within your Oakmont rental property will only survive so long. 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 to replace them when needed.
So how far can interior items last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. For example, a great quality kitchen range can last up to 20 years, while a refrigerator or microwave can be expected to last close to ten years. Air conditioning units and hot water heaters also 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 typically last five years before they start to look tattered. Blinds, window shades, and curtains, by contrast, last as little as three years on account of heavier wear and tear while being made of components that break more easily than most.
Recognizing the life expectancy for each item within your Oakmont rental property can guide you to a better plan for potential restorations at a later 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 Three Rivers can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 724-804-8254.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
