Maintaining appliances in rental properties is crucial for maximizing ROI.
When evaluating repairs versus replacement costs you need to consider the appliances age and energy efficiency.
Sometimes the cost to repair is almost the same as replacement.
New models cut utility costs and attract tenants. They also enhance satisfaction and minimise any complaints.
You also need to weigh tax benefits, with repairs offering immediate deductions and replacements providing long-term depreciation.
Effective appliance maintenance ensures tenant contentment and boosts the properties value and appeal.