The utilization of a stucco finish to your Kimberly rental property is not without its pros and cons. Like all exterior siding options, there are good reasons to invest in stucco for a rental home, but certain downsides may make stucco a less desirable alternative. To figure out whether stucco siding is right for your single-family rentals, you should first learn what it entails and how much a stucco finish will cost. This data can help you make the best decision for your rental properties.
Stucco siding is a popular choice in many parts of the world, not just the American Southwest. Reason being, 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 durability. At least three coats of stucco are typically applied, with the final coat being the one incorporates any desired color or special finishing techniques.
Pros of Stucco Siding for Your Rental
Stucco’s strength and sturdiness are not just advantages; they are assurances 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.
- If you take care of it properly, stucco can last a very long time, so you won’t have to worry about setting aside money for stucco replacement anytime soon.
- Stucco provides exceptional protection against inclement weather.
- The cost of stucco itself is relatively low in comparison with other types of siding, making it an economical option.
Potential Drawbacks
Indubitably, there are certain drawbacks to consider, as well as the advantages that stucco provides.
- Stucco requires professional installation, which can drastically increase the cost.
- Putting 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.
An additional factor is whether you can afford to depreciate the cost of your stucco finish over several 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 in one go. This makes carefully assessing your cash flows and tax situation a critical aspect of your decision-making process.
If you decide that stucco is still the best option for your properties, the next step is to find a quality company that will do the job correctly and at a fair price.
Finding a reputable service provider could be difficult if you don’t put in a lot of time researching. Someone from Real Property Management Magic Valley can lend a hand. If you are looking for exterior siding options or quality stucco professionals committed to providing exceptional service, our Kimberly property managers are here to help. To get more information, contact us online or call 208-734-4001.
Originally Published on Nov 29, 2019
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