Property Component Types

Property Component Types define the building elements that make up your housing stock, such as kitchens, bathrooms, roofs and windows. Each component has an associated Standard Cost and Life Cycle, which are used by the Asset Management module to forecast future replacement costs and produce Stock Condition reports.

To access Property Component Types, select Admin → Settings from the main menu, then choose Add-ons and click Asset Management. From the Asset Management page, select Property Component Types.

Note: The Asset Management module is an optional Affinity add-on. If it is not enabled for your organisation, please contact the Affinity support team to discuss activation.

Standard Property Component Types

Affinity includes a library of standard Property Component Types covering the most common elements found within residential properties, for example:

• Bathroom
• External Doors
• Heating System
• Kitchen
• Roof
• Windows

The names of these standard components cannot be changed or deleted, ensuring consistency across your housing stock.

However, you can update the following values to reflect your organisation's own costs and replacement policies:

• Standard Cost – The typical cost of replacing the component.
• Life Cycle – The expected number of years before the component should be replaced.

These values are used when calculating projected expenditure within the Stock Condition Costs reports.

Custom Property Component Types

In addition to the standard component library, you can create your own Property Component Types to reflect specialist or organisation-specific assets.

Examples include:

• Adapted Bathroom
• Additional ensuite bathroom
• Fire Alarm
• Electric Vehicle Charging Point

When creating a custom Property Component Type, the following information must be supplied:

Once created, custom components behave in exactly the same way as the standard components and can be included within Asset Management Profiles and assigned directly to properties.

Good Practice

The accuracy of Stock Condition forecasting depends on maintaining realistic replacement costs and life cycles. It is recommended that these values are reviewed periodically to reflect changes in construction costs, inflation and your organisation's planned maintenance strategy.