Prop­erty Lifespan Guidelines?

  • Paint­ing (internal) – 5 years
  • Paint­ing (exter­ior) – varying
  • Hot water sys­tem – every 7 years
  • Oven – every 10 years
  • Bath­room renov­a­tion – every 20 years
  • Kit­chen renov­a­tion – 10 – 15 years
  • Repla­cing floor cov­er­ings includ­ing car­pets – every 7–10 years
  • If the prop­erty has a smoke alarm, ensure it is work­ing – have it checked annually.
  • For houses – struc­tural checks includ­ing safety of bal­conies, ver­an­das and roofs – annually
  • Clean gut­ters – check annually
  • Pest inspec­tions – check annually
  • Swim­ming pool – check fil­tra­tion equip­ment – annually
  • Elec­trical wir­ing – check every 2–3 years

FEELING TIRED AND WORN OUT? WHAT ABOUT YOUR INVESTMENT PROPERTY?

We can all feel this way at dif­fer­ent times, but have you thought about your invest­ment prop­erty lately?

As an investor it is import­ant to budget and plan to update the prop­erty every 4–7 years, depend­ing on the nor­mal wear and tear that has taken place.

This includes:

  • Internal paint­ing
  • External paint­ing (if applicable)
  • Replace­ment of carpets
  • Replace­ment of win­dow coverings
  • Replace­ment of appli­ances such as dish­wash­ers, dry­ers, ovens and stoves
  • Refreshing-up gar­dens

For more inform­a­tion on reg­u­lar main­ten­ance click here and for more about tax depre­ci­ation click here.

Click Here for an essen­tial DIY paint­ing guide.

 

Most common property maintenance issues Infographic

seven hills real estate agent NSW
Cnr Federal Road Prospect Highway Seven Hills NSW 2147 Australia