Vinyl siding is one of the most favored siding materials for residential properties. But is vinyl siding a good choice for your Naples single-family rental property? From a financial perspective, there are pros and cons to choosing vinyl siding. By having a closer analysis of the cost benefits in addition to the drawbacks, you can further assess the alternatives that would work better for your rental home.
Maybe, the best cause why vinyl siding is such a well-known alternative for home exteriors is its affordability. When matched with other kinds of materials, vinyl siding is one of the least expensive to obtain. It is also approximately easy to install, which can vastly lower those expenditures too. As far as budget-friendly alternatives are a concern, vinyl is the definitive leader for rental home exteriors.
Other assets of vinyl siding comprise its long-lasting durability. Vinyl siding comes in numerous contrasting styles and colors, all of which are waterproof and fade resistant. That conveys that once you have the siding installed, it should persist for several years before it begins to display much deterioration. Vinyl siding is painless to sanitize using a pressure washer and does not retain or absorb moisture. So for Naples rental properties in humid climates, vinyl siding could be the low-cost option that you need to keep your rental home’s curb appeal alive and kicking.
Despite that, there are some drawbacks to vinyl siding. Conceivably, one of the top determinants 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. Renters are not constantly the best at keeping plants neatly trimmed, and so the possibility of overgrown trees should be thought of before deciding to install vinyl siding.
Another essential deliberation is whether and how vinyl siding matches your tax computation. According to the IRS, vinyl siding is an improvement, not a repair. This conveys 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 cheap and you will need a large investment of cash to accomplish it. Fathoming how much of the cost you are able to bring as a multi-year tax deduction can help you better settle whether vinyl siding is right for your rental properties.
Finally, it is up to you to choose whether vinyl siding is the best option for your rental homes. Once you do, despite that, then the real work of seeking a quality vendor starts. All of this investigation and research can exhaust a great amount of time, time that you could be using on more commercially beneficial actions.
As an alternative, consider the advantages of hiring the team of expert Naples property managers at Real Property Management Rental Direction. We can help you choose which exterior siding options work best for your Naples rental properties as well as recommend quality vendors with good reputations, specialists who will execute the task right and at a decent fee. To know more about what we have to offer, contact us or call 239-240-8111 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.
