Short-Lived Item

A Short-Lived Item is a building component with an expected physical life that is less than the remaining economic life of the property.

 

A short-lived item refers to anything in a new house that will wear out before the house comes to the end of its economic life.  

 

This is almost everything except the foundation, framing, components constructed of masonry materials or concrete, and perhaps the chimney.

 

Examples of short-lived items:

 

•Roof

•Built-in appliances

•Carpeting

•Water heater

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