The reality that all property owners in Pocatello have to face is the truth that the appliances and systems in their rental properties will ultimately deteriorate. 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 in place to replace them when needed.
So, what are the average life then of these interior items? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. For instance, a top of the line kitchen range ought to last up to 20 years, whereas a refrigerator or microwave can be projected to last about ten years. Air conditioning units and hot water heaters alike have a life expectancy of approximately ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. Individually, these items characteristically last five years before they begin to look dilapidated. Blinds, window shades, and curtains, in contrast, last as little as three years due to heavier wear and tear while being made of components that break more easily than most.
Being aware of the life expectancy for each significant item within your Pocatello rental property can help you to better plan for possible substitutions at some point. 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 Pocatello can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 208-234-1000.