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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.With respect to rental home ownership nationwide, discovering and keeping tabs on the state of each home’s exterior elements is just as basic as expecting when to replace the carpet or repaint the walls.

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

Importance of Maintaining Your Property’s Exterior

A good landlord or property manager is informed of the healthy lifespan of common exterior elements of your rental property. A product’s lifespan is the period it should last, consistent with standard conditions. For a case in point: a quality cement patio lives out upwards of 50 years, owing to the tremendously durable nature of cement. Conversely, wooden decks only last about ten years, given their sensitivity to the natural elements.

For your immediate reference, we’ve listed a handful 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 salient to comprehend how long an element is expected to last in your property, exactly if your tenant causes damage beyond normal wear and tear. As an example, if the vinyl siding, which is over 25 years old, gets damaged, the tenant shouldn’t be held responsible for the repair cost. But, instead, if the vinyl siding is less than 25 years old, the renter could quite possibly be culpable and called to pay some or all the repair costs.

Stay Ahead of Property Damage

Rather than spend time and money on a futile judicial process, the reasonable option to put into effect is to be ahead of property damage. With correct information and a proactive system for property management, it’s achievable to manage and keep every single component of the rental home – both in and out– in a beautiful state. Frequently replacing items beyond their functional lives is one way to avoid bearing the full cost of repairs on account of tenant negligence. Another is accomplishing regular property evaluations to monitor and look after various areas of the rental home.

Real Property Management of the Triad endows a full property management program that counts in preparing for several years to come with maintenance plans, property evaluations, and much more. We have the equipment and efficiency to deal with and make your Greensboro real estate investments highly profitable for the anticipated future. Contact us online or at 336-355-6666 today!

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