There are both advantages and disadvantages to consider when adding a stucco finish to your Hanover rental property. Identical to any exterior siding options, there are good reasons to invest in stucco for a rental home, but certain downsides may make stucco a less tempting option. To figure out whether stucco siding is right for your single-family rentals, you must be aware of what it entails and how much a stucco finish will cost. These understandings can help you make the best decision for your rental properties.
Stucco siding is highly regarded in the American Southwest and is suitable for a wide range of climates and location. 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 adds strength. The application of stucco typically involves a minimum of three coats, with the final coat allowing for the addition of color or special finishing techniques.
Pros of Stucco Siding for Your Rental
The strength and toughness of stucco offer an assurance of a long-lasting investment, bringing immense satisfaction.
- Stucco is tinted instead of paint, allowing it to withstand fading for decades.
- Stucco can be textured for a unique and decorative look.
- With good maintenance, stucco can last a very long time, so you will not need to budget for its replacement anytime soon.
- Stucco delivers superior protection against inclement weather.
- The cost of stucco itself is quite affordable when compared to other types of siding, making it an economical option.
Potential Drawbacks
Undoubtedly, there are a few drawbacks to consider in addition to the advantages that stucco provides.
- 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 factor to consider is whether you can afford to depreciate the cost of your stucco finish for a number of years. The IRS explains that a significant improvement like adding stucco to your rental property’s exterior cannot be deducted as an expense but rather depreciated over time. You have an opportunity to deduct the total cost of the stucco siding, but not all in one go. This makes carefully assessing your cash flows and tax situation an important component of your decision-making process.
If you decide that stucco is still the best option for your properties, the next move is to find a top-notch company that will carry out the job flawlessly and at affordable rates.
Finding a reputable service provider can be quite a task, requiring extensive research and time investment. Real Property Management Beacon is here to assist you. Our Hanover property managers can offer input and guidance about exterior siding options and connect you with quality stucco professionals who are passionate about delivering exceptional service to their clients. If you want to learn more, contact us online or call 603-448-8808.
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