Vinyl siding is one of the most popular siding materials for residential properties. But is vinyl siding a good choice for your Pompano Beach single-family rental property? From a financial perspective, there are pros and cons to choosing vinyl siding. By examining the cost benefits along with the drawbacks carefully, you can better assess the choices that would be suitable for your rental home.
Maybe the main reason why vinyl siding is such a prevalent option for home exteriors is its affordability. When associated with other kinds of materials, vinyl siding is one of the least expensive to purchase. It is likewise moderately easy to install, which can significantly diminish those costs as well. When it comes to budget-friendly options, vinyl is the clear choice for rental home exteriors.
Further benefits of vinyl siding consist of its long-lasting durability. Vinyl siding comes in many different styles and colors, all of which are waterproof and fade resistant. That would only mean that once you have the siding installed, it ought to give you plenty of years before it would display signs of wear. Vinyl siding is easy to clean with a pressure washer and does not retain or absorb moisture. So, for Pompano Beach rental properties in humid climates, vinyl siding may be the low-cost option that you need to keep your rental home’s curb appeal going strong.
Nevertheless, there are also several drawbacks to vinyl siding. Probably one of the biggest reasons you would not want to install vinyl siding on a rental house is because while it is durable, it can be easily dented and scratched. In case you have trees or shrubs nearby your rental property’s exterior walls, those branches could cause 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 considered before opting to install vinyl siding.
One more vital factor to consider is whether and how vinyl siding fits into your tax preparations. 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. While vinyl siding is an affordable option, it is not exactly cheap and will require a large investment of cash to complete. Knowing how much of the cost you are able to bear as a multi-year tax deduction can help you better decide whether vinyl siding is right for your rental properties.
Eventually, it is up to you to make the decision whether vinyl siding is the best option for your rental homes. As soon as you do, however, then the real work of finding a quality vendor begins. All of this analysis and research can take up a considerable amount of time, time that you could be spending on more profitable investing ventures.
Instead, study the benefits of hiring Real Property Management Premier. We can help you determine which exterior siding options work best for your Pompano Beach 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 954-362-5235 today!
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