Depreciation is establishing the real value of an item when the item is damaged, or in other words, it represents how much of an item’s value has been used. An item that has been used for a long time will not have the same value as a brand-new item.
When deciding on the damage reimbursement with HomeExchange Guarantees during our deposit process, we apply the depreciation list as per the categories listed below:
| Category | Items | Depreciation amount %* |
| Bedding | Bed (mattress, box springs) | 5% |
| Linen major (cotton blankets, electric blankets, comforters, spreads, wool blankets) | 9% | |
| Linen minor (towels, sheets, curtains, linen, pillows, pads, mattress covers) | 20% | |
| Building materials | Cabinets (cabinets kitchen, bathroom, garage, laundry) | 2% |
| Countertops (concrete, cultured marble, laminate, natural stone, tile, wood) | 2% | |
| Doors (Closet doors, exterior doors, french doors, garage doors, door locks, door rollup, door screen) | 3% | |
| Door bell, garage door opener | 6% | |
| Paint (exterior, interior) | 10% | |
| Wallpapers | 10% | |
| Skylight | 7% | |
| Wood stain exterior | 12% | |
| Decorative items |
Artificial Flowers and Fruits |
25% |
| Holiday decor | 10% | |
| Accent pillow |
10% |
|
| Rugs |
8% |
|
| Bulbs - Sun Lamp Only |
33% |
|
| Desk and Floor Lamps |
10% |
|
| Infrared, Sun lamp |
7% |
|
| Shades for lamps |
20% |
|
| Electronics | Mobile phones / computers |
30% on purchase, 4% monthly |
| Media (dvr, dvd, blue-ray player, phonograph (hi-fi, stereo), radio (console, portable, table), recorders (tape, wire), stereo receivers, stereo speakers, stereo cd player, telephone - answering machine, color television, HD television, video camcorder, video game console) |
11% |
|
| Home systems (built in audio system, chair lift, home automation system, intercom, satellite dish, security system, smoke alarm, whole house vacuum system, wireless home network, television antenna) |
8% |
|
| Furniture |
Brentwood chairs - rattan, wicker |
20% |
| Bookcases |
5% |
|
| Camel saddle - footstools |
5% |
|
| Card tables, chairs - heavy, chrome, plastic |
10% |
|
| Children’s furniture |
20% |
|
| Desks and tables |
5% |
|
| Lawn furniture (aluminium, steel, fabric, redwood, wrought iron) |
17% |
|
| Leather furniture |
5% |
|
| Metal bed frame |
2% |
|
| Ordinary wood, chrome, plastic furniture |
7% |
|
| Slipcovers |
20% |
|
| Solid wood furniture |
2% |
|
| Upholstered furniture |
10% |
|
| Vibrator chair - mechanism only |
10% |
|
| Home Appliances Major | Electro domestic major (Dishwasher, Washer, Washer dryer Combination, Refrigerator - compact, Dryer, Refrigerator, Freezer, Wine cooler, Stoves, Ranges) |
10% |
| Electro domestic minor (Ironers, vacuum cleaner, trash compactor, microwave oven, garbage disposal, sewing machine ) |
10% |
|
| Home Appliances minor | Kitchen equipment (electric blender/mixer, electric can opener, coffee maker, electric frying pan, hot plates, iron - electric including steamer, electric knife sharpener, electric roaster, griddle, waffle iron, slow cooker, toaster, food processor, cappuccino station, rice cooker, toaster oven, range hood) |
8% |
| Home Fixtures | Sink (Acrylic, soapstone, stainless steel) |
3% |
|
Accessible ADA Products(handicap modification, ada handles, grab bars, ada compliant ) |
1% |
|
| Bath tub (cast iron) |
1% |
|
| Faucet |
5% |
|
| Jacuzzi tub |
3% |
|
| Lighting fixtures (chandelier, light fixture, ceiling lights, electrical fixture, recessed lights, flush mount lights, fluorescent fixture, lighting, floodlights) |
2% |
|
| Shower (shower door, shower and tub module, shower head) |
3% |
|
| Shut-off Valve |
5% |
|
| Toilet |
2% |
|
| HVAC |
Air conditioner (AC central, AC window) |
8% |
|
Boilers (Cast iron, electric, steel) |
5% |
|
| Dampers |
5% |
|
|
Evaporative cooler (fixed, portable) |
8% |
|
|
Fans (Fans Attic, Fans Ceiling, Fans Exhaust) |
6% |
|
|
Fireplace (Gas, coal, oil) |
5% |
|
|
Heater (Gas, electric, Hot water or steam, water heater, heat pump air-to-air) |
7% |
|
| Thermostat |
3% |
|
|
Air conditioning/ventilation (Humidifier, Air purifier - washer, electric fans, vaporiser, water cooler) |
10% |
|
| Lawn and Garden |
BBQ Grills and sets |
12% |
|
Cloth Yard and goods |
90% |
|
| Fencing (all material) |
3% |
|
| Garden tools (all non electric) |
10% |
|
| Ladder |
5% |
|
| Electronic garden tools |
15% |
|
| Push Mower non electric |
10% |
|
| Irrigation Valves + sprinkler |
7% |
|
| Patio Umbrella |
33% |
|
| Draperies, curtains, awning cloth |
20% |
|
| Other |
Photographic material |
8% |
|
Clocks |
5% |
|
|
Aquariums |
5% |
|
|
Boxes - Cigarette, Collar, Jewel |
5% |
|
| Drawing, Mapping, Sketching, Professional Equipment |
5% |
|
|
Golf Cart |
8% |
|
| Hot tub |
8% |
|
| Ironing Board |
7% |
|
| Ironing Board Cover |
50% |
|
| Mirrors |
5% |
|
| Picture Frames |
5% |
|
|
Umbrella |
20% |
|
| Sports and Hobbies |
Archery equipment |
7% |
|
Billiard balls = 10% |
10% |
|
|
Billiard cue sticks |
20% |
|
|
Table Tennis Equipment |
33% |
|
|
Binoculars |
5% |
|
|
Bowling balls |
10% |
|
|
Camping equipment |
10% |
|
|
Racket ball equipment |
33% |
|
|
Roller skates |
14% |
|
|
Running gear |
33% |
|
|
Scope |
5% |
|
|
Scuba gear |
10% |
|
|
Skiing equipment |
20% |
|
|
Soccer equipment |
20% |
|
|
Volleyball equipment |
20% |
|
| Fishing equipment |
5% |
|
|
Football equipment |
25% |
|
| Golf clubs |
10% |
|
|
Hunting gear |
7% |
|
| Ice skates |
17% |
|
|
Karate gear |
33% |
|
|
Surf board |
17% |
|
|
Swimming gear |
33% |
|
|
Tennis rackets |
20% |
|
| Utensils |
Cast iron + copper + aluminium |
5% |
|
Dishware |
15% |
|
|
Miscellaneous utensils |
15% |
|
|
Cutlery |
5% |
* *depreciation percentage is per year unless otherwise stated
Items we do not apply the deprecation on:
- floors
- walls
- windows
- roof
- doors interior
- stairs
- carpet (wall to wall, whole floor coverage)
- awning (mechanism)
- swimming pool (built in pool)
- CDs
Please note the following:
- HomeExchange will only take into account this depreciation list when applying its guarantees.
- The damage will be covered only if the replacement item is of the same material as the original one or similar if original cannot be obtained.
The above lists are not exhaustive and HomeExchange may update them at its own convenience and such changes will become applicable to you from the date of change.