The truth is, adding a stucco finish to your Deer Park rental property comes with both benefits and drawbacks. However, it is just the same with all exterior siding options; there will always be both good reasons to invest in stucco for a rental home, as well as some downsides that make stucco a less attractive option. To best decide whether stucco siding is suitable for your single-family rentals, it is important first to master the basics of what stucco is as well as how much a stucco finish will cost. This information can then help you make the best decision for your rental properties.
Popular throughout the American Southwest, stucco siding can be utilized in many climates and areas. This is because stucco is a cement-based plaster that is applied over a galvanized wire mesh called lathe, which helps the plaster adhere to the wall surface and adds strength. Stucco is usually applied in at least three coats, with the top or finish coat, including any color or special finishing techniques.
While the strength and durability of stucco are one of the biggest benefits, there are several other reasons why stucco might be the right choice for you.
- Stucco is tinted, not painted, which means that it can withstand fading for decades.
- Stucco can be textured for a unique and decorative look.
- With proper maintenance, stucco can last a very long time, which means that you will not need to budget for its replacement anytime soon.
- Stucco provides excellent protection against inclement weather.
- The cost of stucco itself is relatively low when compared to other types of siding, making it an economical option.
Of course, along with the benefits that stucco has to offer, there are a few disadvantages too.
- Stucco requires professional installation which can significantly increase the cost.
- Applying stucco can be a time-intensive project, with most professional stucco companies requiring several days to finish the job.
- Stucco can be damaged easily, requiring professional repairs.
An added concern is whether you can manage to lower the cost of your stucco finish over the span of several years. According to the IRS, a large improvement like adding stucco to your rental property’s exterior cannot be deducted as an expense but slightly depreciated over time. This suggests that you will be able to deduct the full cost of the stucco siding, but not all at once. This makes a careful assessment of your cash flows and tax situation a big part of your decision-making process.
If you choose that stucco is still the most suitable choice for your properties, the next step is to find a quality stucco company that will do the job correctly and at a fair price. It can be challenging to find a reputable service provider without spending a lot of time on research, time that may be more better spent on your investing activities.
The good news is that Real Property Management Preferred can help. Our Deer Park property managers can offer ideas and advice about exterior siding options, as well as advise on quality stucco professionals dedicated to providing the highest customer service. To learn more, contact us now.
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