Vinyl siding is, without a doubt, one of the most sought-after siding materials for residential properties. But is vinyl siding a good choice for your Upper St Clair single-family rental property? From a financial perspective, there are pros and cons to choosing vinyl siding. By weighing the cost benefits as well as the drawbacks, you can better assess the choices that would work best for your rental home.
Probably the most significant reason why vinyl siding is such a popular option 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 quite easy to install, which can dramatically reduce those costs as well. When it comes to budget-friendly options, vinyl is the clear favorite for rental home exteriors.
Other benefits of vinyl siding include its long-lasting durability. Vinyl siding comes in numerous different styles and colors, all of which are waterproof and fade resistant. That means that once you have the siding installed, it ought to last for several years before it begins to show any signs of wear. Vinyl siding is easy to clean with a pressure washer and does not retain or absorb moisture. So, for Upper St Clair 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.
Nevertheless, there are a number of drawbacks to vinyl siding. Perhaps one of the main reasons you may not wish 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 cause permanent damage to the vinyl siding. Tenants are not always the best at keeping plants neatly trimmed, and so the chances of overgrown trees must be thought about before opting to install vinyl siding.
One more important consideration is whether and how vinyl siding fits into your tax planning. 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 decide whether vinyl siding is the best option for your rental homes. Once you do, however, then the real work of finding 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.
Instead, study the benefits of hiring Real Property Management Three Rivers. We can help you decide which exterior siding options work best for your Upper St Clair 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 724-804-8254 today!
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