Adding a stucco finish to your Bronx rental property comes with both benefits and drawbacks. Like all exterior siding options, there are valid justifications to invest in stucco for a rental home; however, there might be definite drawbacks that make stucco a less appealing option. To make sense of whether stucco siding is right for your single-family rentals, it is essential first to learn the basics of what stucco is as well as how much a stucco finish will cost. This information can then help you make the best decision for your rental properties.
Popular throughout the American Southwest, stucco siding can be utilized in many climates and areas. This is on the grounds that stucco is a cement-based plaster that is applied over a galvanized wire mesh called lathe, which helps the plaster adhere to the wall surface and adds strength. Stucco is usually applied in at least three coats, with the top or finish coat, including any color or special finishing techniques.
While the strength and durability of stucco are one of the biggest benefits, there are several other reasons why stucco might be the right choice for you.
- Stucco is tinted, not painted, which means that it can withstand fading for decades.
- Stucco can be textured for a unique and decorative look.
- With the right maintenance, stucco can last a very long time, which implies that you will not need to budget for its replacement anytime soon.
- Stucco provides excellent protection against inclement weather.
- The cost of stucco itself is relatively low when compared to other types of siding, making it an economical option.
Obviously, along with the benefits that stucco has to offer, there are a few disadvantages too.
- Stucco requires professional installation which can significantly increase the cost.
- Applying stucco can be a time-intensive project, with most professional stucco companies requiring several days to finish the job.
- Stucco can be damaged easily, requiring professional repairs.
Another worry is whether you can afford to depreciate the cost of your stucco finish over the span of several years. According to the IRS, a large improvement like adding stucco to your rental property’s exterior cannot be deducted as an expense but rather depreciated over time. This means that you will be able to deduct the full cost of the stucco siding, but not all at once. This makes a careful assessment of your cash flows and tax situation a critical part of your decision-making process.
On the off chance that you choose that stucco is still the best option for your properties, alternative for your properties, the following stage is to locate a quality stucco company that will do the job correctly and at a fair price. It tends to be hard to find a respectable service provider without investing a great deal of energy on research, time that may be more effectively spent on your investing activities.
The good news is that Real Property Management New York Gold can help. The Bronx property managers can offer suggestions and advice about exterior siding options, as well as recommend quality stucco professionals dedicated to providing the highest customer service. To learn more, contact us today.
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