Water heating

9 Smart Investments to Improve Your Rental Properties

rental properties
rental properties

Owning a rental property can be a lot of work but wise management can keep it profitable for years to come. Whether you’re new to the game or an old veteran, these 6 modern features can increase property value as well as make it more comfortable for residents.

1. Wi-Fi

If your rental property doesn’t have Wi-Fi yet, better install it quick. Wi-Fi has become the standard for homes and businesses and if you want to stay marketable, a strong Wi-Fi signal is a must.

However, partnering with a low-quality Internet service can actually hurt, rather than help, your marketability.

Here are the top 10 service providers of 2017, according to Top Ten Reviews:Top Ten Reviews:

1. Comcast
2. Time Warner Cable
3. Verizon
4. AT&T
5. Cox
6. Charter
7. Suddenlink
8. Cable One
9. CenturyLink
10. Frontier

2. Solar-Powered Water Heater

Conventional natural gas or electric water heaters can be a substantial monthly expense. More importantly, they can make up a big part of your carbon footprint, too. Investing in a solar-powered heater is a one-time outlay that saves on both money and pollutant emissions.

3. Home Automation

If you’re installing a solar-powered water heater, why not go one step further with home automation? Home automation devices like smart thermostats, smart lighting and smart HVAC can save energy, reduce a home’s carbon footprint and boost property value.

4. Home Surveillance

Home security systems, like those offered by ADT, Frontpoint and Armorax, should be next on your list of value-boosting property enhancements. With features like cameras, motion sensors, alarms, 24-hour surveillance and easy-to-use controls, they can protect your buyer and your reputation.

As you compare companies, keep in mind that although…

When Should You Replace Your Major Home Appliances?

You probably replace something when it breaks down and no longer works (or repair it if the costs aren’t too high). However, that’s usually not a good strategy for large, expensive appliances in your home that you rely on every single day. Here’s what you should know about the lifespan of most appliances and when they should be replaced.

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The Lifespan of Most Major Appliances

When it comes down to it, most appliances last for however long they decide to last—lifespan is mostly an enigma. However, manufacturers build their appliances with a set lifespan in mind. From there, these appliances could last longer than expected, or less than expected.

With that said, most major home appliances last anywhere from 10-20 years, give or take. This includes your HVAC system, water heater, kitchen appliances, laundry machines, and more.

Granted, I’ve seen a water heater last 30 years without any issues with the proper maintenance, so the above year range isn’t a hard and fast rule. But it’s a good number to keep in mind—if you’re having problems with your furnace and notice that it’s 15 years old, it might be time for a new one.

How to Find Out How Old Your Appliances Are

Unfortunately, there’s no one standardized way to tell you how old an appliance is in your house, but there are a few things you can do to try and find out.

First off, look through the paperwork that you signed when you bought your house or see if you can find the original listing. It’s possible that the previous owner jotted down the age of all the major appliances. The previous owner might have also left behind the original paperwork for the appliances themselves when they were installed, which would mostly likely have the date of installation…