On the subject of rental home ownership in Gaithersburg, you need to know what the condition of the home’s exterior elements are and how to keep track of it. This knowledge is just as important as knowing the best time to replace the carpet or repaint the walls. Whether it’s an older property you’re renting out or one that you’ve recently constructed, knowing the age of each item and how long it can be reasonably expected to last is an important part of successful rental property management.
A good landlord or property manager understands the healthy lifespan of common exterior elements of your rental property in Gaithersburg. A product’s lifespan is the number of years it gets when used under standard conditions before it needs to be replaced. As a case in point, consider patios. A quality cement patio lasts upwards of 50 years owing to the very durable nature of cement. On the flip side, wooden decks get roughly ten years since they can be quite sensitive to natural elements.
For reference, we’ve listed a few common exterior items and their average lifespan:
- Garage Door: 15 years
- Automatic Garage Door Opener: 5-10 years
- Wood Fence: 10 years
- Stucco Exterior: 20-50+ years
- Vinyl Siding: 25 years
The concept of a lifespan is extremely relevant when dealing with tenants that have caused property damage; especially when the extent of the damage went well beyond normal wear and tear. To illustrate, if your vinyl siding gets damaged, but it is more than 25 years old, the tenant shouldn’t be held responsible for the cost of repairs. If the vinyl siding is fewer than 25 years old, the tenant would likely be responsible to pay some or all of the cost of repairs.
Rather than spending too much time and money on a lawsuit that would drag on, the smart thing to do would be to stay ahead of property damage. With the correct information, coupled with a proactive approach to property management, it is very likely to keep all the elements of a rental home in good condition. Regular replacement of items beyond their useful lives is one way to avoid bearing the full cost of repairs caused by tenant negligence. Another way is to perform regular property evaluations to keep updated with the condition of every part of the rental home.
Real Property Management Capital has offerings such as the comprehensive property management program. It includes preparing for the future with maintenance plans, property evaluations, and much more. We have the means and knowledge to make sure your Gaithersburg real estate investments remain profitable for many years to come. Would you like more information? Please feel free to contact us online or call us at 301-869-5001.
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