Putting a stucco finish to your Bronx rental property offers advantages and disadvantages. Like all exterior siding options, there are great reasons to invest in stucco for a rental home, but certain downsides may make stucco a less enticing option. To figure out whether stucco siding is right for your single-family rentals, you must first understand what it is and how much a stucco finish will cost. This knowledge can help you make the best decision for your rental properties.
Stucco siding, which is well-known throughout the American Southwest, can be used in a variety of climates and environments. 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 provides stability. Stucco is typically applied in at least three coats, with the top or finish coat featuring any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
Stucco’s durability and resilience are more than just an advantage; 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 the right maintenance, stucco can last a very long time, eliminating the need for frequent replacement.
- Stucco gives good protection against inclement weather.
- The cost of stucco itself is relatively lower than other types of siding, making it an economical option.
Potential Drawbacks
Undeniably, there are a couple of drawbacks to consider, along with the advantages that stucco provides.
- Stucco requires professional installation, which can greatly 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, necessitating professional repairs.
Another question is whether you can afford to depreciate the cost of your stucco finish as time passes. Based to 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 signifies you can deduct the total cost of the stucco siding, but not in one go. As a result, carefully assessing your cash flows and tax situation is critical to the way you make decisions.
If you determine that stucco is still the best option for your properties, the next move is to select a reputable company that will complete the work properly and at a reasonable cost.
It might be difficult to find a reputable service provider without investing a lot of time doing study. Real Property Management New York Gold can give assistance. Our Bronx property managers can provide suggestions and guide about exterior siding options and commend quality stucco professionals committed to giving the best possible customer care. For further information, contact us online or call 347-905-5770.
Originally Published on Nov 29, 2019
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.
