Rental property inventory checklist and condition form
A free rental property inventory and condition form for move-in and move-out, what to record in each room, and...
Quick answer
Typical service lives from InterNACHI's estimates: refrigerators 9 to 13 years, electric ranges 13 to 15, gas ranges 15 to 17, dishwashers and microwaves about 9, dryers about 13, conventional water heaters 6 to 12, furnaces 15 to 25 and central air conditioners 7 to 15. Use them as planning ranges, not guarantees.
Appliances rarely fail on a convenient day. A refrigerator dies in July, a water heater floods a closet, and the replacement is bought in a hurry at whatever price the store has that afternoon. Knowing roughly how long each appliance should last is what turns those emergencies into a replacement plan.
This guide gives typical life expectancies for common appliances and building equipment, explains why rentals can differ, and shows how to use the numbers to plan replacements unit by unit.
The figures below are from InterNACHI's Standard Estimated Life Expectancy Chart for Homes, published by the International Association of Certified Home Inspectors.
| Appliance or equipment | Typical life (years) |
|---|---|
| Refrigerator | 9 to 13 |
| Electric range | 13 to 15 |
| Gas range | 15 to 17 |
| Dishwasher | 9 |
| Microwave oven | 9 |
| Range hood | 14 |
| Garbage disposal | 12 |
| Washing machine | 5 to 15 |
| Clothes dryer | 13 |
| Water heater, conventional tank | 6 to 12 |
| Furnace | 15 to 25 |
| Central air conditioner | 7 to 15 |
| Heat pump | 10 to 15 |
InterNACHI states that its estimates assume "regular recommended maintenance and conditions of normal wear and tear," and that they should be used as guidelines, not relied on as guarantees or warranties. Other sources publish different numbers; the Department of Energy's Federal Energy Management Program, for example, assumes a product life of 13 years for residential heat pump water heaters in its cost comparisons. Treat any chart as a starting range and adjust it with your own repair history.
A chart describes an average home. A rental unit is not an average home:
The practical effect is that many rental appliances land at the shorter end of the range, and some well-maintained equipment beats it. Your own records will tell you which.
The life an appliance lasts is not the same as the period it is depreciated over for taxes. IRS Publication 527 lists appliances such as stoves and refrigerators used in residential rental activities as 5-year property under the General Depreciation System, and 9 years under the Alternative Depreciation System. A refrigerator can be fully depreciated for tax purposes years before it needs replacing. Plan replacements on expected physical life, and leave the tax schedule to your accountant.
There is no universal rule, but a common rule of thumb is to replace rather than repair when the repair would cost more than about half the price of a new appliance and the appliance is already past the middle of its expected life. Weigh in what the unit needs: a matching set at turnover, an energy-efficiency upgrade, or simply not paying for a second service call next quarter.
The decision is only as good as the records behind it. Without an install date and a repair history, every service call starts from guesswork.
For each appliance and piece of equipment, keep:
A spreadsheet works for a handful of units. Across several buildings, those records belong on one list you can filter by age, building and repair cost.
AssetCenter keeps one record per appliance and piece of building equipment, assigned to the building and unit it is in, with its model and serial number, install date, warranty and every repair and cost on its timeline. Set a useful life on each category, such as Refrigerators or Water Heaters, and the end-of-life report lists what is due for replacement in any date range; category email alerts warn you before warranties expire. See property management asset tracking software.
In InterNACHI's estimates, refrigerators last about 9 to 13 years, dishwashers about 9, clothes dryers about 13, electric ranges 13 to 15, gas ranges 15 to 17, and conventional water heaters 6 to 12. Actual life depends heavily on use and maintenance.
Among common appliances, dishwashers, microwaves and conventional water heaters tend to have the shortest expected lives, often under ten years.
For equipment whose failure causes damage or a vacancy, such as water heaters, planned replacement near the end of expected life is usually cheaper than an emergency. For others, track repair costs and replace when repairing stops making sense.
Use the rental property inventory checklist at your next turnover to capture each appliance's make, model, serial number and install date, then set an expected replacement year for each. When the list covers more than a few units, see how property management asset tracking software keeps it by building and unit.
Founder & CEO, AssetCenter
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