Buying and managing rental properties in Agua Dulce means long-term investment planning. You will need to maintain your new rental property and interior and exterior items will, after a good run, need to be repaired and replaced.
Some of these items are considerably inexpensive, but there are others, particularly those found around a rental home’s exterior, that can be really expensive. The key to stable success as an Agua Dulce property owner is to foresee these expenses and add them to your overall property management plan.
To be able to execute this properly, it is vital to know how many years certain exterior items can be of use. Similar to how carpet or interior paint has certain life expectancies, the same can be said for exterior items. As a case in point, a well-maintained deck or patio will be usable for 15 to 20 years. On the other hand, a deck that has been neglected may turn into a safety hazard 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. Garage doors, depending on the quality and climate conditions, can actually last as long as 15 to 20 years. This estimate also covers other exterior doors that are exposed to the elements.
Recognize that materials play an important role when talking about the longevity of exterior items. For example, cheap windows may need to be replaced in as little as 15 years but quality vinyl windows can last for up to 40 years. A quality cedar fence may need to be changed between 15 and 30 years, whereas pine fences will need to be replaced after five to twelve, and spruce fences as soon as four to seven.
Concrete and asphalt have very good durability, but they will ultimately need to be replaced. This would affect you more 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, a driveway or walkway will last a lot longer when it is properly maintained.
On the issue of property values and curb appeal, nothing good comes from taking risks with maintenance and replacement. Planning for the replacement of your Agua Dulce 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 Traditions, we can assist you in creating a property management plan that will make sure your real estate investment will be successful for years to come. Please contact us online or call us at 661-266-1400 to learn more about our property management options in Agua Dulce and the surrounding areas.
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