BUDGET for POTENTIAL REPLACEMENT COSTS
A property could need annual repairs costing up to 1 month’s rent.
As appliances age, replacement becomes more cost effective than repair.
Average Life Expectancy Average Cost in Dollars
(in years)
APPLIANCES
Clothes Washer 8-14 500-900
Clothes Dryer 8-12 500-900
Kitchen Range 12-25 1500-3500
Refrigerator 15-20 1000-2700
Disposal 5-12 150-350
Microwave oven ____ 300-800
Dishwasher 5-12 650-1900
Water Heater (gas/electric) 8-14 900-2800
HEATING AND COOLING
Forced Air Furnace 15-20 2500-3500
Boiler 30-50 2500-3500
Electric Baseboard 15-20 350-600/rm
AC Compressor 10-15 900-2800
AC window 10-20 250-500
Heat Pump 10-14 3000-4500
OTHER
Gutter & Downspouts 15-25 2.50-3.50/LF
Grading 200-400/side
Splash Block 15-20 25-35
Smoke Detectors (9 volt) 2-6 35-70
Smoke Detector (electric) Indefinite 150-250
Heavy up Electrical Service 1000-2000
Garage Door Opener 250-350
Rekey Lock 30-50 each
ROOF
Asphalt Shingle 10-20 2.5-3.5/sq. ft.
Built up w/ Slag or Gravel 10-20 3.0-4.0/sq. ft.
Cedar Shake 15-35 3.5-5.5/sq. ft.
Metal 60 5.0-8.0/sq. ft.
Tile 60-100 9.0-12.00/sq. ft.
Slate 60-90 6.0-10.00/sq. ft.
STEEP OR COMPLEX ROOFS add 30-40%
TEAR OFF OLD ROOF add 1.0-2.0/sq. ft.
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