Without a doubt, vinyl siding is one of the most sought-after siding materials for residential properties. Except, is vinyl siding a good choice for your La Crescenta single-family rental property? From a financial perspective, there are pros and cons to choosing vinyl siding. Through considering the cost benefits as well as the drawbacks, you can adequately assess the alternatives that would work best for your rental home.
Plausibly the most crucial reason why vinyl siding is such a common option for home exteriors is its affordability. When correlated with other kinds of materials, vinyl siding is one of the least expensive to acquire. It is also pretty easy to install, which can dramatically lessen those expenses as well. When it comes to budget-friendly choices, vinyl is the clear preference for rental home exteriors.
Additional perks of vinyl siding include its long-lasting durability. Vinyl siding comes in diverse styles and colors, all of which are waterproof and fade resistant. That indicates that once you have the siding installed, it ought to endure for many years before it starts to manifest any indications of wear. Vinyl siding is easy to clean with a pressure washer and does not retain or absorb moisture. So, for La Crescenta rental properties in humid climates, vinyl siding might be the low-cost option that you need to keep your rental home’s curb appeal going strong.
Nonetheless, there are plenty of drawbacks to vinyl siding. Maybe one of the primary reasons you may not prefer to install vinyl siding on a rental house is because even though it is durable, it can be easily dented and scratched. In the event that you have trees or shrubs near your rental property’s exterior walls, those branches could create permanent damage to the vinyl siding. Tenants are not always the best at keeping plants neatly trimmed, and so the likelihood of overgrown trees must be thought about before opting to install vinyl siding.
One more significant point is whether and how vinyl siding fits into your tax preparation. According to the IRS, vinyl siding is an improvement, not a repair. This means that you will need to depreciate the cost of the siding over several years, rather than being able to deduct the entire expense in the year of purchase. Though vinyl siding is an affordable option, it is not exactly inexpensive and will entail a large investment of cash to complete. Understanding how much of the cost you are able to carry as a multi-year tax deduction can help you better decide whether vinyl siding is right for your rental properties.
In the end, it is up to you to determine whether vinyl siding is the best option for your rental homes. Once you do, though, then the real work of arranging a quality vendor commences. All of this scrutiny and research can take up a substantial amount of time, time that you could be spending on more profitable investing activities.
Rather, examine the benefits of hiring Real Property Management Vision. We can help you decide which exterior siding options work best for your La Crescenta rental properties as well as recommend quality vendors with proven track records, professionals who will do the job right and at a fair price. To learn more about what we have to offer, contact us, or call 818-233-8789 today!
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