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Planning for Long-Term Success: When to Replace the Exterior Items of Your Union Park Rental Homes

Union Park Property Owner Doing Repairs to the Exterior of the HomeBuying and managing rental properties in Union Park means long-term investment planning. Your new rental property must be maintained and interior and exterior items should be repaired and replaced after a while.

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 lasting success as a Union Park property owner is to forecast the costs and place them in your overall property management plan.

To carry this out, you need to know what the lifespan is of certain exterior items. Just like how carpet or interior paint has certain life expectancies, the same goes for exterior items. As a case in point, a well-maintained deck or patio will be usable for 15 to 20 years. But a neglected deck may become too dangerous to use 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. Depending on climate conditions and the quality of the garage door, it can last anywhere from 15 to 20 years. This estimate also covers other exterior doors that are exposed to the elements.

Keep in mind that the longevity of exterior items also depends on the materials they are made out of. 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 would last longer than pine or spruce. It would last between 15 and 30 years, while pine fences will need to be replaced after five to twelve, and spruce fences in as little as four to seven.

Concrete and asphalt are popular because of their durability, but that doesn’t mean they will last forever; they will eventually need replacement. This is applicable if you acquire 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 subject of property values and curb appeal, more damage is done when you neglect proper maintenance and replacement. Taking to account the replacement of your Union Park rental home’s exterior items in your planning can maintain your cash flow, keep your tenants happy, and help your rental property value increase year after year.

At Real Property Management Sunstate, we can guide you in forming a property management plan made specifically for you to attain long-term success in your real estate business. Don’t hesitate to contact us online or give us a ring at 877-373-8404 to know more about our property management options in Union Park and the surrounding areas.

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