Adding a stucco finish to your Virginia Beach rental property has both benefits and drawbacks. Like all exterior siding options, there are numerous reasons to invest in stucco for a rental home, but there may be various hurdles that make stucco a less enchanting selection. To confirm whether stucco siding is fitting for your single-family rentals, it is indispensable to first understand the basics of what stucco is aside from how much a stucco finish will cost. This observation can then help you make the biggest understanding for your rental properties.
Popular throughout the American Southwest, stucco siding can be used in considerable climates and areas. This is because stucco is a cement-based plaster that is applied over a galvanized wire mesh called lathe, which makes 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 motivations why stucco might be fitting 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 maintenance, stucco can last a very long time, which means that you will not be required to budget for its substitute anytime soon.
- Stucco allows tremendous shielding against inclement weather.
- The cost of stucco itself is relatively low when matched to other types of siding, making it an economical option.
Undoubtedly, along with the benefits that stucco has to provide, there are a few disadvantages too.
- Stucco requires professional installation which can outstandingly increase the cost.
- Applying stucco can be a time-demanding undertaking, with all professional stucco companies requiring several days to fulfill the task.
- Stucco can be damaged easily, needing professional repairs.
Another question is whether you can wait for the worth of your stucco finish to depreciate over the extent of numerous years. According to the IRS, a large improvement such as adding stucco to your rental property’s exterior cannot be deducted as an expense but marginally 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 an intrinsic part of your decision-making process.
If you figure out that stucco is still the right decision for your properties, the next procedure is to find an amazing stucco company that will operate on the job faithfully and at a generous price. It can be complicated to find a reputable service provider without wasting a lot of time on research, time that may be more appropriately spent on your financing undertakings.
The satisfying news is that Real Property Management Hampton Roads can assist big time. Our Virginia Beach property managers can give suggestions and presentations about exterior siding options, as well as endorse quality stucco professionals dedicated to providing the highest customer service. To learn more, contact us today.
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