Vinyl siding is one of the favored choices for siding materials for residential properties. But is vinyl siding a good choice for your Twin Falls County single-family rental property? Looking at it from a financial perspective, there are pros and cons to choosing vinyl siding. By carefully analyzing the cost benefits as well as the drawbacks, you can better assess the choices that would best suit your rental home.
The usual reason why vinyl siding is such a popular choice for home exteriors is its affordability. When contrasted to the other kinds of materials, vinyl siding is one of the least expensive to acquire. It is also relatively easy to install, which can significantly lessen those charges too. When it comes to budget-friendly choices, vinyl is the clear leader for rental home exteriors.
Some extra benefits of vinyl siding would be its long-lasting durability. Vinyl siding comes in many various styles and colors, all of which are waterproof and fade resistant. That indicates that once you have the siding installed, it ought to give you several years before it starts to show much wear. Vinyl siding is not hard to clean with a pressure washer and does not retain or absorb moisture. So, for Twin Falls County rental properties in humid climates, vinyl siding could be the low-cost option that you need to keep your rental home’s curb appeal going strong.
It is worth noting, though, that there are a few drawbacks to vinyl siding. Probably one of the most notable reasons you might not wish to install vinyl siding on a rental house is because even though it is durable, it can be dented and scratched easily. If you happen to have trees or shrubs nearby your rental property’s exterior walls, those branches could be the reason that you’ll have permanent damage to the vinyl siding. Tenants are not that reliable all the time at keeping plants neatly trimmed, and so the likelihood of overgrown trees must be well-thought-out before electing to install vinyl siding.
One other important consideration is whether and how vinyl siding fits into your tax planning. According to the IRS, vinyl siding is an improvement, not a repair. This means that you will need to depreciate the cost of the siding over several years, rather than being able to deduct the entire expense in the year of purchase. While vinyl siding is an affordable option, it is not precisely cheap and will entail a large investment of cash to accomplish. Learning within yourself about the cost you are able to bear as a multi-year tax deduction can help you better decide whether vinyl siding is right for your rental properties.
Ultimately, it is up to you to decide whether vinyl siding is the best option for your rental homes. Once you do, however, then the real work of finding a quality vendor begins. All of this analysis and research can take up a considerable amount of time, time that you could be spending on more profitable investing activities.
Instead, consider the benefits of hiring Real Property Management Magic Valley. We can help you control which exterior siding options work best for your Twin Falls County rental properties as well as recommend quality vendors with proven track records, professionals who will do the job right and at a fair price. To learn more about what we have to offer, contact us or call 208-734-4001 today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.