How Old Are The Appliances In Your Colorado Springs Rental?

Part of being a landlord is maintaining the appliances in your rental. Every appliance has a useful life expectancy. Below is the average life expectancy of a range of various appliances found in most rental properties in Colorado Springs. Keep in mind these are just averages. Many of these numbers vary depending on the make, model, usage, and treatment and each appliance.

Appliance

Useful Life Expectancy (Years)

Fridge

9-13

Oven

13-15

Microwave

9

Dishwasher

9

Garbage Disposal

12

Washer

10

Dryer

13

Furnace

15-20

AC (room)

10

AC (Central)

15

Water Heater (gas)

10

Water Heater (Tankless)

20+

Water Heater (Electric)

11

 

Do You Know How Old Your Appliances Are?

 

Knowing how old the appliances in your rental is a must. It can help you keep track of any routine maintenance needed to keep your appliances working in tip-top shape and help you better prepare and budget for when it comes time to replace them. Make sure you know not only the make and model, but the age as well.

 

Budget For Worst Case Scenario

 

Even if your older appliances work just fine, it’s best to plan for the worst. Just because the appliances worked just fine with your last tenant or even when you lived in the rental doesn’t mean they can’t fail out of the blue. Parts fail all of the time, and just because something works at one moment doesn’t guarantee it’ll work the next. The best thing to do is to set aside an emergency maintenance fund and add to it as often as possible. This ensures that when a repair or replacement is needed, you have enough funds to cover it. And when you take from your emergency maintenance fund, make sure to build it back up.