Preparing Your Home for Market

McGrath Real Estate Services, Inc. understands that as a landlord you are trying to maximize your profits and reduce your expenditures. Then you get an email from McGrath saying your new tenant wants the entire property repainted. They need all new carpets! Replace the dishwasher, install a new air conditioner! You probably say to yourself, well it was working fine while I lived there and you are probably right. However, one of the realities of being a landlord is that everything in your home has a life span and it could be up. McGrath Real Estate wants you to be prepared and expect that eventually parts of your home will reach their life expectancy and will need to be replaced in order to secure a quality tenant. Average life expectancy for common household components are:

  • Carpets — 6 years110726175921182
  • Paint — 3 years or less (more move-ins and move-outs tend to reduce life expectancy of paint, another benefit of longer term leases)
  • Washer & Dryer — 8-11 years
  • Refrigerator & Dishwasher — 10-12 years
  • Stove/Oven — 5-8 years
  • AC Unit — 12-15 years
  • Hot Water Heater — 10-12

Of course the life expectancy will vary depending on quality of material or equipment (low-, mid-, or high-grade), quality of installation, level of maintenance, and the intensity of use. It is very beneficial if you know when a certain component of your home was last replaced, let McGrath know so we have a record of age. If you have any questions about the replacement of an aspect of your home, please feel free to contact our Repairs Department at Repairs@McGrathRealEstate.com