People aren’t the only ones with a sure life span; appliances and electronic equipment located at your Little Rock rental home can only last a certain amount of time. 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. Ideally, you should schedule big purchases in intervals so as not to overburden your wallet.
So how long do interior home appliances last? According to HUD, the life expectancy for common interior items is highest with appliances, air conditioning units, and hot water heaters. This is why it’s important to choose well-made items made by companies that don’t compromise on the quality of their products. A refrigerator or microwave may last approximately ten years whereas a good kitchen range should last up to 20 years. Both air conditioning units and hot water heaters have a life expectancy of close to ten years, as do faucets and smoke detectors.
Interior items with shorter life expectancies include carpet, tile or vinyl flooring, and interior paint. Each one of these will usually last five years before they appear to look permanently well-worn. Blinds, window shades, and curtains, however, can last as short as three years owing to heavier wear and tear coupled with components that break more easily than most.
Being conscious of the life expectancy for each big-ticket item within your Little Rock rental property can be useful when planning for future household item replacements. 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 Traditions can help keep your property values high and tenants satisfied, contact us online or by calling us directly at 661-266-1400.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
