Including a stucco finish to your Salem rental property has strengths and weaknesses. Just as with any exterior siding options, there are excellent reasons to invest in stucco for a rental home, but certain downsides may make stucco a more unwanted choice. To figure out whether stucco siding is right for your single-family rentals, it is advisable to first review what it is and how much a stucco finish will cost. This familiarity can help you make the best decision for your rental properties.
Stucco siding is widely recognized across the American Southwest for being adaptable to a variety of climates and places. This is because stucco is a cement-based plaster laid over a galvanized wire mesh called a lathe, which helps the plaster adhere to the wall surface and adds solidity. Stucco is generally coated in at least three covers, with a top or finish coat that may include any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
The robustness and dependability of stucco ensure a long-lasting investment, and it not only benefits.
- Stucco is tinted, not painted, so 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, so you will not need to spend money on its replacement anytime soon.
- Stucco ensures excellent protection against inclement weather.
- The cost of stucco itself is relatively reasonable in contrast to other types of siding, making it an economical option.
Potential Drawbacks
For certain, there are some drawbacks to consider, accompanied by the advantages that stucco provides.
- Stucco requires professional installation, which can considerably increase the cost.
- Putting stucco can be a time-intensive project, with most professional stucco companies needing several days to finish the job.
- Stucco can be damaged easily and needs professional repairs.
A further cause for concern is whether you can afford to depreciate the cost of your stucco finish over several years. In conformity with the IRS, a significant improvement like adding stucco to your rental property’s exterior cannot be deducted as an expense but rather depreciated over time. This suggests that you can deduct the total cost of the stucco siding but not the entire at once. This makes spending time assessing your cash flows and tax situation an essential part of how you make decisions.
If you’re convinced that stucco is still the best option for your properties, your next job is to choose a competent company capable of performing the work correctly and reasonably.
It can be complicated to find a reputable service provider without spending a lot of time exploring. Real Property Management Reliance can be beneficial. Our Salem property managers can connect you with quality stucco professionals focused on providing the greatest customer service, as well as concepts and suggestions about exterior siding options. To know more, contact us online or call 978-998-8114.
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