*Updated May 21, 2021.
Adding a stucco finish to your Kimberly rental property gives you both benefits and drawbacks. Just like all exterior siding options, there are great reasons to invest in stucco for a rental home, but there may be a few reasons that make stucco a less tempting preference. To realize whether stucco siding is advantageous for your single-family rentals, it is pivotal first to determine the basics of stucco and how much a stucco finish will cost. The statistics can then help you have the best determination for your rental assets.
Popular throughout the American Southwest, many use stucco siding in a variety of different climates and areas. This is because stucco is a cement-based plaster applied over a galvanized wire mesh called a lathe. This 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.
The Pros and Cons of Stucco
While the strength and durability of stucco are one of the biggest benefits, there are many other attributes why stucco may be the right thing for you:
- Stucco is tinted, not painted, which means that it can withstand fading for decades.
- Texturized stucco lends to a unique and decorative look.
- With maintenance, stucco can last a very long time, which means the budget for its replacement will not be necessary anytime soon.
- Stucco produces excellent shield versus inclement weather.
- The cost of stucco itself is relatively low, making it an economical option.
Besides the benefits that stucco has to offer, there are a few disadvantages too.
- Stucco requires professional installation, which can essentially increase the cost.
- Applying stucco can be an inefficient activity, with most professional stucco companies requiring several days to finalize the venture.
- Stucco damages easily, requiring specialty repair.
Another dispute is whether you can manage to depreciate the expense of your stucco finish over a period of years. According to the IRS, a large improvement like adding stucco to your rental property’s exterior depreciates over time. This means that you will be able to deduct the full cost of the stucco siding, but not all at once. This crafts a careful assessment of your cash flows and tax situation, an invaluable part of your decision-making process.
Finding A Stucco Contractor
If you resolve that stucco is still the choice for your properties, the next route is to distinguish an excellent stucco company that will implement the assignment flawlessly and at an upright cost. It can be grueling to distinguish a credible service provider without wasting a substantial amount of time on researching.
The marvelous news is that Real Property Management Magic Valley can assist. Our Kimberly property managers can propose plans and recommendations about exterior siding options and recommend quality stucco professionals. To learn more, contact us today.
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