Both benefits and drawbacks come with giving your Cheney rental property a stucco finish. Like all exterior siding options, there are appealing reasons to invest in stucco for a rental home, but certain downsides may make stucco a less desirable alternative. Understanding what it entails and how much a stucco finish will cost can help you figure out whether stucco siding is right for your single-family rentals. This info can assist you in making the best decision for your rental properties.
Stucco siding is frequently utilized in the American Southwest and can be utilized in a variety 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 provides strength. Typically, stucco is applied in three layers at the very least, with any color or special finishing techniques applied to the top coat.
Pros of Stucco Siding for Your Rental
Stucco’s lastingness and endurance are not just assets but also indicators of 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 maintenance, stucco can last a very long time, so you will not need to budget for its replacement in a short time.
- Stucco provides superior protection against inclement weather.
- The cost of stucco itself is relatively minimal in contrast to other types of siding, making it an economical option.
Potential Drawbacks
Of course, there are some drawbacks to consider, alongside the advantages that stucco provides.
- Stucco requires professional installation, which can greatly increase the cost.
- Applying 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 demands professional repairs.
A further concern is whether you can afford to depreciate the cost of your stucco finish over many years. As reported 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. Therefore, you can deduct the total cost of the stucco siding, but not all instantly. Because of this, vigilantly assessing your cash flows and tax situation should be a key component of your decision-making process.
If it turns out that stucco is still the best option for your properties, the next thing to do is choose a reputable company that can complete the job precisely and economically.
It might be challenging to find a reputable service provider without devoting a lot of effort to investigation. Real Property Management Strive can help you. Our Cheney property managers can offer input and recommendations about exterior siding options and suggest quality stucco professionals who specialize in providing the best possible customer support. If you have questions, contact us online or call 509-396-7021.
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