Ideally, the average lifespan of any concrete structure is years. But, it is considered that the average life of an apartment is years while of a house it is 40 years. Independent home ages much slower than an apartment building, where the amenities and common services are shared among the society residents.
Their lifespan can be improved by carrying out regular maintenance. A house is a structure made of a combination of elements that degrades with time. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate.
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories.
Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. You can count on a well-constructed house to last a lifetime — maybe even a century or longer. Some of the components that make up a house, however, tend to have shorter lifespans, and need repair or replacement in order to endure the test of time.
Many of the materials used to build a home will likely outlast the current owner. These generally hold up for more than years, so depending on the age of your home when you bought it, you may not ever have to address them in your time as the owner of the property. Other durables include a concrete foundation, exterior siding, insulation cellulose, fiberglass or foam and custom millwork.
Many home repairs become necessary during those middle years when a house is no longer brand-new. For example, a wood deck lasts 10 to 30 years depending on climate and weather, according to the InterNACHI report, while exterior and interior paint lasts closer to Receipts and user manuals can be helpful resources if the seller has good records.
For appliances, you can look directly on the machine for a name plate displaying the manufacture date or the model or serial number, which you can use to look up when the appliance was made. You may want to trade outdated finishes for something more modern, for instance.
As you look for a home, keep this in mind when you compare the age of the house to what projects you may need to do if you were to become the next owner. If your buying an old house or even own one, it is wise to check the home out for structurally soundness and safety from time to time.
Make sure that there are operating smoke detectors and carbon monoxide alarms, that the plumbing and electrical systems are in good shape and review the structural soundness of the foundation and framing. If your foundation has a crack or cracks know what to look for to determine if they are major or minor. Floor creaking may be related to the installation of the floor or to the homes foundation settling. Other reasons include Cracks in concrete pool decks are common, however they may be a warning sign of deck problems or leaks.
Many fireplaces have a cracked panel but some can be a fire hazard. Have you checked yours lately? People are surprised about beds in igloos and how they are made. Also, they didn't realize the time it takes to build one and about the entrance feature.
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