Vinyl siding is one of the most common siding materials for residential properties. But is vinyl siding a good choice for your Palmdale single-family rental property? Looking at a financial perspective, there are pros and cons to choosing vinyl siding. By taking a closer look at the cost benefits in addition to the drawbacks, you can assess which solution would work well for your rental home.
The leading argument why vinyl siding is an extremely popular alternative for home exteriors is its affordability. When compared with other kinds of materials, vinyl siding is one of the least expensive to secure. It is also pretty easy to install, which can seriously deplete those costs as well. When it comes to budget-friendly decisions, vinyl is the understandable winner for rental home exteriors.
Another benefit of vinyl siding is its long-lasting durability. Vinyl siding also comes in several diverse styles and colors, all of which are waterproof and fade resistant. That means that once you have the siding installed, it should last for many years before it starts to look worn. Vinyl siding is simple to clean with a pressure washer and does not retain or absorb moisture. So for Palmdale rental properties in humid climates, vinyl siding might be the low-cost option that you want to keep up your rental home’s curb appeal.
That said though, there are a few drawbacks to vinyl siding. Conceivably, 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. If you have trees or shrubs nearby the rental property’s exterior walls, those branches could cause permanent damage to the vinyl siding. Tenants are not the best at keeping plants neatly trimmed, and so the likelihood of overgrown trees must be considered before deciding to install vinyl siding.
Another vital discussion is whether and how vinyl siding figures into your tax preparation. 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, instead of being able to deduct the entire expense in the year of purchase. Though vinyl siding is an affordable option, it is definitely not cheap and will require a large investment of cash to complete. Recognizing how much of the cost you are able to maintain as a multi-year tax deduction can help you better confirm whether vinyl siding is right for your rental properties.
In essence, it is up to you to establish whether vinyl siding is the best option for your rental homes. Once you do, however, then the real work of soliciting a quality vendor begins. All of this inquiry and research can take up an extensive amount of time, time that you could be utilizing on more fruitful investing programs.
Instead, deliberate the rewards of enlisting Real Property Management Traditions. We can assist you to pick which exterior siding options will work for your Palmdale rental properties as well as recommend quality vendors with an established reputation, specialists who will complete the job appropriately and at a good price. To learn more about what we have to offer, contact us or call 661-266-1400 today!
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