Buying and managing rental properties in Chubbuck needs to have strategic long-term investment planning. Your newly acquired rental property will require maintenance and for its interior and exterior items to be inspected in the event that it needs to be repaired and replaced.
Some of the features in your rental homes are inexpensive, however, those found around the exterior of a rental home can be significantly expensive. The secret to lasting success as a Chubbuck property owner means getting ahead of these expenses and incorporating them in your overall property management plan.
It is significant to recognize the longevity of certain exterior items to be successful in extending their use. In the same manner that carpet or interior paint has particular life expectancies, so too do exterior pieces. For instance, a properly maintained deck or patio will last between 15 and 20 years but a deteriorated deck may become a safety danger 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. Depending on the quality and climate conditions, a garage door can last anywhere from 15 to 20 years. This approximation also covers other exterior doors that are exposed to the elements.
Bear in mind that materials can mean all the difference when relating it to the longevity of exterior items. Quality vinyl windows, for example, can last for up to 40 years, while cheap windows may need to be replaced in as little as 15. A quality cedar fence may last between 15 and 30 years, while pine fences will need to be replaced after five to twelve, and spruce fences in as little as four to seven.
Concrete and asphalt are notorious for their durability, but then again, they will in due course need to be replaced. This is can be of concern if you buy older properties. An asphalt driveway can last upward of 30 years if sealed and maintained properly, and so should concrete. Just like other items, however, proper maintenance can make a big difference in how long a driveway or walkway can last.
When it comes to property values and curb appeal, it doesn’t pay to take chances with upkeep and repairs. Having a strategy for the replacement of your Chubbuck 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 Pocatello, we can help you produce a property management plan that will guarantee your real estate success for years to come. Contact us online or call us at 208-234-1000 for more information about our property management options in Chubbuck and the surrounding areas.