Vinyl siding is one of the most preferred siding materials for residential properties. But is vinyl siding a good choice for your Elkins single-family rental property? Bearing in mind the financial perspective, there are pros and cons to choosing vinyl siding. By getting a closer check at the cost benefits including the drawbacks, you can accurately assess the option that would be optimal for your rental home.
Perhaps the principal basis why vinyl siding is such a celebrated choice for home exteriors is its affordability. When compared with other kinds of materials, vinyl siding is one of the least expensive to purchase. It is also fairly easy to install, which can enormously drop installation prices as well. As regards as to budget-friendly selections, vinyl is the logical leading candidate for rental home exteriors.
Other benefits of vinyl siding include its long-lasting durability. Vinyl siding comes in different styles and colors, all of which are waterproof and fade resistant. That implies that once you have the siding installed, it should remain for several years before it starts to display much damage. Vinyl siding is easy to clean with a pressure washer and does not retain or absorb moisture. So for Elkins rental properties in humid climates, vinyl siding might be the low-cost option that you need to keep your rental home’s curb appeal improving.
But because of that, there are infrequent drawbacks to vinyl siding. One of the biggest features you might not want 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 around your rental property’s exterior walls, those branches could produce permanent damage to the vinyl siding. Residents are not commonly the best at keeping plants neatly trimmed, and so the viability of overgrown trees must be considered before selecting to install vinyl siding.
Another valuable matter is whether and how vinyl siding would be appropriate for 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 inexpensive and will require a large investment of cash to achieve. Understanding how much of the cost you can carry as a multi-year tax deduction can help you better evaluate whether vinyl siding is right for your rental properties.
Finally, it is up to you to decide whether vinyl siding is the best option for your rental homes. Once you do, though, then the real work of pursuing a quality vendor initiates. All of this surveying and deliberation can take up an ample amount of time, time that you could be using on more gratifying financing activities.
Instead, deliberate on the benefits of recruiting Real Property Management First Choice. We can assist you to select which exterior siding options will work for your Elkins rental properties as well as recommend quality vendors with a reputable status, professionals who will do the job appropriately and at a sensible price. To know more about what we have to offer, contact us or call 479-242-0791 today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.