When considering adding a stucco finish to your Racine rental property, it is important to weigh the advantages and disadvantages. Similar to other exterior siding options, there are valid reasons to invest in stucco for a rental home, but certain downsides may make stucco a less appealing reference. To figure out whether stucco siding is right for your single-family rentals, it is crucial to be aware of what it means and how much a stucco finish will cost. This knowledge can help you make the best decision for your rental properties.
Familiar to those in the American Southwest, stucco siding is a highly adaptable choice that can be used in a range of climates and locations. This is because stucco is a cement-based plaster applied over a galvanized wire mesh called a lathe, which helps the plaster adhere to the wall surface and providing more durability. In most cases, stucco is applied at least three coats. The final coat, also known as the finish coat, is where color and special finishing techniques are incorporated.
Pros of Stucco Siding for Your Rental
Stucco is known for its exceptional strength and durability, making it an excellent choice for those seeking 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 proper preservation, stucco can last a very long time, so you will not need to budget for its replacement in the near term.
- Stucco offers extraordinary protection against inclement weather.
- The cost of stucco is quite reasonable compared to other types of siding, making it an economical option.
Potential Drawbacks
Undoubtedly, there are some drawbacks to consider, in addition to the advantages that stucco provides.
- Stucco requires professional installation, which can greatly increase the cost.
- Applying stucco can be a time-intensive project, as most professional stucco companies take several days to finish the job.
- Stucco can be damaged easily, requiring professional repairs.
One thing to keep in mind is whether you can afford to depreciate the cost of your stucco finish as time goes by. According to the IRS, a significant improvement like adding stucco to your rental property’s exterior cannot be deducted as an expensebut rather depreciated over time. You have the opportunity to deduct the total cost of the stucco siding, but it cannot be done in a single instance. Thoroughly assessing your cash flows and tax situation is vital for making knowledgeable choices.
If you assess that stucco is still the best option for your properties, you next priority is to find an established company capable of executing the job with accuracy and at a reasonable cost.
It can be challenging to find a reputable service provider without dedicating a significant amount of time to thorough research. Real Property Management Dairyland is here to aid you. Our Racine property managers are knowledgeable about exterior siding options and can provide recommendations and guidance. We also have connections with quality stucco professionals who prioritize excellent customer service. To get more data, contact us online or call 414-400-0016.
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