Life Expectancy of Rental Property Features

When you haven’t lived in your property for a long time, it’s easy to lose track of the age of the appliances or carpeting. It can come as a surprise when you’re told it’s time to replace the range or the carpeting, wear and tear goes unnoticed. if you’re marketing your property, it’s important to have it looking its best to get the best rent amount and to get it leased as quickly as possible. HUD (US Dept. of Housing and Urban Development) has a helpful chart for the expected lifespan of many features in a rental home. Here are a few of the items listed: Hot Water Heaters 10 Years Carpeting 5 Years Ranges 20 Years Refrigerators 10 Years Interior Painting Enamel 5 Years Interior Painting Flat 3 Years Titles and Linoleum 5 Years Window Screens, Blinds, 3 Years Air Conditioning