Vinyl siding is one of the most prominent siding materials for residential properties. But is vinyl siding a good choice for your Houston single-family rental property? Looking at the financial perspective, there are pros and cons to choosing vinyl siding. By having a closer assessment of the cost benefits as well as the drawbacks, you can better assess what would be effective for your rental home.
Usually, the principal basis why vinyl siding is such a familiar pick for home exteriors is its affordability. When compared with other kinds of materials, vinyl siding is one of the least expensive to get. It is also reasonably easy to install, which can significantly minimize those costs as well. When it comes to budget-friendly recourse, vinyl is the precise favorite for rental home exteriors.
Other benefits of vinyl siding incorporate its long-lasting durability. Vinyl siding comes in innumerable styles and colors, all of which are waterproof and fade resistant. That connotes that once you have the siding installed, it should last for several years before it begins to exhibit any damage. Vinyl siding is uncomplicated to clean with a pressure washer and does not retain or absorb moisture. So for Houston rental properties in humid climates, vinyl siding might be the low-cost option that you need to keep your rental home’s curb appeal alive and well.
Regardless, there are not too many drawbacks to vinyl siding. Potentially, one of the considerations you might not wish to install vinyl siding on a rental house is because while it is durable, it can be easily dented and scratched. If you have trees or shrubs close to your rental property’s exterior walls, those branches could kickoff permanent damage to the vinyl siding. Tenants are not the greatest at maintaining neatly trimmed plants, and so the capability of overgrown trees must be evaluated before deciding on installing vinyl siding.
Another thing to consider is whether and how vinyl siding figures into your tax estimation. According to the IRS, vinyl siding is an improvement, not a repair. This indicates 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. While vinyl siding is an affordable option, it is not cheap and will require a large investment of cash. Discerning how much of the cost you can use as a multi-year tax deduction can help you better arrange whether vinyl siding is right for your rental properties.
Sooner or later, it is up to you to conclude whether vinyl siding is the best option for your rental homes. Once you do, then the real work of finding a quality vendor initiates. All of this interpretation and exploration can take up an ample amount of time, time that you could be using on more lucrative business projects.
In contrast, reckon the value of engaging Real Property Management Preferred. We can help you establish which exterior siding options work best for your Houston rental properties as well as recommend quality vendors with acknowledged track records, experts who will do the job right and at a fair charge. To learn more about what we have to proffer, contact us or call 281-894-9111 today!
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