There are advantages and drawbacks to applying a stucco finish to your Glens Falls rental property. Identical to other exterior siding options, there are compelling reasons to invest in stucco for a rental home, but certain downsides may make stucco a more unwanted option. It’s crucial to gain a thorough understanding of what it is and how much a stucco finish will cost to figure out whether stucco siding is right for your single-family rentals. This insight can help you make the best decision for your rental properties.
Stucco siding is extremely common and widely used in various climates and locations, particularly in the American Southwest. This is because stucco is a cement-based plaster put over a galvanized wire mesh called a lathe, which helps the plaster adhere to the wall surface and improves sturdiness. Stucco is usually used in at least three coats, with the top or finish coat including any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
Stucco’s strength and durability are not just perks; they ensure a long-lasting investment.
- Stucco is tinted, not painted, so it can withstand fading for decades.
- Stucco can be textured for a unique and decorative look.
- With regular care, stucco can last a very long time, removing the need for immediate budgeting for its replacement.
- Stucco supplies exceptional protection against inclement weather.
- The cost of stucco itself is very cheap compared to other types of siding, making it an economical option.
Potential Drawbacks
There are certainly some drawbacks to consider, along with the advantages that stucco provides.
- Stucco requires professional installation, which can greatly increase the cost.
- Utilizing 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.
Another factor to take into account is whether you can afford to depreciate the cost of your stucco finish over a few years. As claimed by 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. Accordingly, you can deduct the total cost of the stucco siding, although it won’t happen immediately. Prudently assessing your cash flows and tax situation is absolutely crucial for making informed decisions.
If you believe that stucco is still the best option for your properties, the next challenge is to find a reliable business that can finish the work with precision and at a fair price.
It can be stressful to find a reputable service provider without investing significant effort in research. Real Property Management Capital Region can assist you. In addition to connecting you to a quality stucco professionals devoted to providing the best level of customer care, our Glens Falls property managers are able to make suggestions and offer guidance regarding exterior siding options. For further information, contact us online or call 518-290-1448.
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