Vinyl siding is probably one of the most in-demand siding materials for residential properties. Yet, is vinyl siding a good choice for your Blackfoot single-family rental property? From a financial perspective, there are pros and cons to choosing vinyl siding. By studying carefully, the cost benefits as well as the drawbacks, you can honestly assess the choices that would suit your rental home.
Maybe the biggest reason why vinyl siding is such a common choice for home exteriors is its affordability. When compared with other kinds of materials, vinyl siding is one of the least expensive to buy. It is also rather easy to install, which can seriously reduce those expenses too. When it comes to budget-friendly choices, vinyl is the clear favorite for rental home exteriors.
Additional 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 means that as soon as you have the siding installed, it would last for several years before it starts to display much wear. Vinyl siding is not hard to clean with a pressure washer and does not retain or absorb moisture. So, for Blackfoot rental properties in humid climates, vinyl siding could very well be the low-cost option that you need to keep your rental home’s curb appeal going strong.
However, there are a few drawbacks to vinyl siding. Perhaps one of the biggest reasons 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 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 prospect of overgrown trees must be taken into consideration before choosing to install vinyl siding.
Another 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 would mean 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. While vinyl siding is an affordable option, it is not inexpensive, as it will need you to chunk up a large investment of cash to complete. Being informed of 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.
Either way, 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 scouting for a quality vendor begins. All of this and research can take up a considerable amount of time, time that you could be spending on more profitable investing activities.
Instead, consider the benefits of hiring Real Property Management Pocatello. We can help you determine which exterior siding options work best for your Blackfoot 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 208-234-1000 today!
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