As a landlord you know you have to find the right balance when it comes to equipping your rentals with quality appliances. Consider the average life span of major appliances in your rental properties so that you’re ready to replace them when their time is up. Then, take our tips on how to replace appliances affordably and increase your ROI.
The Average Life Span of 4 Major Kitchen Appliances
Refrigerator
Most people would agree that a refrigerator is one of the most essential kitchen appliances. Refrigerators are made to last for ten years, with an average shelf life of 7 to 14 years. That said, some refrigerators could last even longer if they go through regular maintenance.
As a landlord you know you have to find the right balance when it comes to equipping your rentals with quality appliances. Consider the average life span of major appliances in your rental properties so that you’re ready to replace them when their time is up. Then, take our tips on how to replace appliances affordably and increase your ROI.
The Average Life Span of 4 Major Kitchen Appliances
Refrigerator
Most people would agree that a refrigerator is one of the most essential kitchen appliances. Refrigerators are made to last for ten years, with an average shelf life of 7 to 14 years. That said, some refrigerators could last even longer if they go through regular maintenance.
Stove/Oven
Cooking would be pretty tough without this multi-use appliance. You may want to consider the difference between gas and electric when supplying your properties. Electric stoves can break down faster because they use more complex heating mechanisms. Gas stoves are simpler and can last for a few more years. Overall, electric stoves last an average of 13 years, and gas stoves an average of 15 years.
Stove/Oven
Cooking would be pretty tough without this multi-use appliance. You may want to consider the difference between gas and electric when supplying your properties. Electric stoves can break down faster because they use more complex heating mechanisms. Gas stoves are simpler and can last for a few more years. Overall, electric stoves last an average of 13 years, and gas stoves an average of 15 years.
Microwave
Though this appliance didn’t register as essential until the late mid-1980s, most Americans can’t imagine a kitchen without a microwave. A standard microwave lasts an average of 7 to 9 years, though ideally, it doesn’t need to be replaced until it hits the 10-year mark.
Dishwasher
Though many American households are equipped with a dishwasher, they are by far the newest and most sought-after kitchen appliance. If taken care of, dishwashers should last up to 10 years.
Microwave
Though this appliance didn’t register as essential until the late mid-1980s, most Americans can’t imagine a kitchen without a microwave. A standard microwave lasts an average of 7 to 9 years, though ideally, it doesn’t need to be replaced until it hits the 10-year mark.
Dishwasher
Though many American households are equipped with a dishwasher, they are by far the newest and most sought-after kitchen appliance. If taken care of, dishwashers should last up to 10 years.
The Best Ways to Replace Appliances When Their Time is Up
The Best Ways to Replace Appliances When Their Time is Up
Look for quality at a discount
Everyone loves a new appliance. It makes the kitchen look cleaner, newer, and more appealing overall. Go to trusted suppliers when replacing appliances and be strategic to increase your ROI. Coupons and seasonal sales can make a big difference when it comes to buying quality appliances at reduced prices.
Buy energy-efficient appliances
Energy-efficient appliances are better for the environment sure, but they can also optimize your ROI. When it’s time to replace an old appliance, always consider an upgrade by buying a more energy-efficient replacement. Renters want to live in an updated property. Tell your applicants they can save on their monthly electricity bills thanks to your energy-efficient kitchen appliances, and you’ll be sure to fill your vacancy quickly.
Make sure the replacement doesn’t stick out from the pack
If it’s time to replace only one appliance, like the refrigerator, consider buying one that matches the property’s other appliances. If all appliances are black and matte, make sure you don’t replace any single appliance with red stainless steel. Can you imagine? Applicants will be more attracted to a kitchen with matching appliances than to a kitchen that looks mismatched and carelessly thrown together. Having matching appliances could increase your ROI by helping you attract more rental applications and potentially even higher-paying renters.
Consider including less common appliances
When renters have to bring their own uncommon appliances, like laundry units, there’s a chance they might damage the property when installing and uninstalling those appliances. Consider supplying uncommon appliances to reduce the risk of property damage at the end of the day.
Like every purchase, appliances are a noteworthy investment. Depending on the lifespan of the appliance and the key choices you make when their time is up, you can reap the financial benefits.
Look for quality at a discount
Everyone loves a new appliance. It makes the kitchen look cleaner, newer, and more appealing overall. Go to trusted suppliers when replacing appliances and be strategic to increase your ROI. Coupons and seasonal sales can make a big difference when it comes to buying quality appliances at reduced prices.
Buy energy-efficient appliances
Energy-efficient appliances are better for the environment sure, but they can also optimize your ROI. When it’s time to replace an old appliance, always consider an upgrade by buying a more energy-efficient replacement. Renters want to live in an updated property. Tell your applicants they can save on their monthly electricity bills thanks to your energy-efficient kitchen appliances, and you’ll be sure to fill your vacancy quickly.
Make sure the replacement doesn’t stick out from the pack
If it’s time to replace only one appliance, like the refrigerator, consider buying one that matches the property’s other appliances. If all appliances are black and matte, make sure you don’t replace any single appliance with red stainless steel. Can you imagine? Applicants will be more attracted to a kitchen with matching appliances than to a kitchen that looks mismatched and carelessly thrown together. Having matching appliances could increase your ROI by helping you attract more rental applications and potentially even higher-paying renters.
Consider including less common appliances
When renters have to bring their own uncommon appliances, like laundry units, there’s a chance they might damage the property when installing and uninstalling those appliances. Consider supplying uncommon appliances to reduce the risk of property damage at the end of the day.
Like every purchase, appliances are a noteworthy investment. Depending on the lifespan of the appliance and the key choices you make when their time is up, you can reap the financial benefits.
2 Replies to “How Long Appliances in Rental Properties Should Last”