When to replace the exterior fittings in your rental property? This is a commonly asked question in managing rental properties in Pembroke Pines. As a responsible landlord, you will need to make sure that your newly acquired rental property will have regular upkeep. And that the necessary interior and exterior items are repaired in time. Or even replaced eventually.
Sure, some items are inexpensive, but others installed around the exterior of a rental home can be expensive. You need to know the right place to start and be able to project these costs over time. And include them in your overall property management plan. Managing such costs spells the difference between profit and loss as a Pembroke Pines property owner.
Replacing Exterior Fittings
For a start, you need to understand the life expectancy of exterior items. in your rental home. Just as the carpet or interior paint has specific life expectancies, so too do exterior items, depending on upkeep. As an example, a well-maintained patio can last between 15 and 20 years. But a poorly kept deck may not even make it past 10 years.
Garage doors, exterior doors, vinyl windows, fences, and asphalt or concrete driveways and walkways are other exterior items with solid life expectancies. Depending on the quality and climate conditions, a garage door can last anywhere from 15 to 20 years. This estimate also includes other exterior doors and window frames, exposed to the elements. Knowing when to replace the exterior fittings in your rental home depends on both, the life expectancy and the maintenance aspects of items around your home.
Why Choice Of Materials Matter
Also, remember that materials play a significant role when it comes to the longevity of exterior items. Quality vinyl windows, for example, can last for up to 40 years. In comparison, cheaper windows probably need to be replaced in as little as 15 years. A quality cedar fence may last between 15 and 30 years, whilst pine fences require replacement after five to ten years. Spruce fences may need attention in just five years.
Concrete and asphalt are best recognized for their durability, but over time, you will need to repair them. This is of particular concern if you buy older properties. With the correct surfacing and sealing, an asphalt driveway can last upward of 30 years. The same applies to hard-wearing concrete surfaces. But a poorly maintained driveway with cracked surfaces and water damage will require attention much quicker. Proper maintenance is an essential aspect of property management as it can save you money. Not only by extending the life expectancy of fittings but also by contributing to the overall appeal of a property.
When it comes to property values and curb appeal, it doesn’t pay to take chances with maintenance and replacement. Make sure you understand the overall cost of repairing and replacing the exterior fittings. Having a proper plan for the replacement of your rental home’s exterior items can maintain your cash flow, whilst keeping your tenants happy. Timely replacements also help to increase the value of your rental property over the years, without breaking the bank.
At Real Property Management Premier, we can help you create a property management plan that will ensure your real estate success for years to come. Contact us online or call us at 954-362-5235 for more information about our property management options in Pembroke Pines and South Florida.
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