Buying and managing rental properties in Perrysburg indicates long-term investment planning. Your new rental property will require being maintained and interior and exterior items will sooner or later have to be repaired and replaced.
A number of these things are inexpensive, but others, mainly those around the exterior of a rental home, can be considerably expensive. The answer to long term success as a Perrysburg property owner means anticipating these expenses and making sure to include them in your property management plan.
To do that, it is essential to learn how long each exterior item’s life span is. In the same way, that carpet and interior paint have certain life expectancies, so too do exterior things. For instance, a properly maintained deck or patio can last up to 15 to 20 years. whereas a deck that has not been taken care of can become a serious hazard within 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 the quality and climate conditions, a garage door can last anywhere from 15 to 20 years. This estimate also includes other exterior doors that are exposed to the elements.
Keep in mind that materials can make a big difference when it comes to the longevity of exterior items. Quality vinyl windows, for example, can last for up to 40 years, while cheap windows may need to be replaced in as little as 15. A quality cedar fence may 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 recognized for their durability, but they will sooner or later need to be changed. This is something to considered when purchasing older properties. An asphalt driveway can last upward of 30 years if sealed and maintained properly, and so should concrete. As with other things, nonetheless, good upkeep can create a huge difference in how long a driveway or walkway can carry on.
As far as property values and curb appeal, it doesn’t pay to take a gamble with maintenance and restoration. Planning for restoration of your Perrysburg rental home’s external features can maintain your cash flow, keep your tenants happy, and help your rental property value increase year after year.
At Real Property Management Clarity Team, we can assist you to make a property management plan that will guarantee your real estate triumph for years to come. Contact us online or phone us at 567-200-4911 for more information about our property management options in Perrysburg and the surrounding areas.