Applying a stucco finish to your Richmond rental property has benefits and drawbacks. 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 alluring option. To figure out whether stucco siding is right for your single-family rentals, it is essential to first understand what it is and how much a stucco finish will cost. This information can help you make the best decision for your rental properties.
Stucco siding, which is popular across the American Southwest, can be utilized in an assortment of seasons and locations. This is because stucco is a cement-based plaster put over a galvanized wire mesh called a lathe, which helps the plaster adhere to the wall surface and provides durability. Stucco is normally applied in a minimum of three coats, with the top or finish coat incorporating any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
Stucco’s toughness and dependability are not just advantages; they are guaranteeing 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 the appropriate care, stucco can last a very long time, reducing the need for frequent replacement.
- Stucco offers reliable protection against inclement weather.
- The cost of stucco itself is relatively low compared to other types of siding, making it an economical option.
Potential Drawbacks
Of course, there are some drawbacks to consider, in addition to the advantages that stucco provides.
- Stucco requires professional installation, which can drastically increase the cost.
- Utilizing stucco can be a time-intensive project, with most professional stucco companies necessitating several days to finish the job.
- Stucco can be damaged easily, necessitating professional repairs.
Another cause for worry is whether you can afford to depreciate the cost of your stucco finish over many years. In accordance with 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. This implies you can deduct the total cost of the stucco siding, but not instantly. This makes prudently assessing your cash flows and tax situation a vital aspect of how you make choices.
If you find that stucco is still the best option for your properties, the following phase is to choose an established company that will complete the work properly and at an affordable price.
It might be hard to find a reputable service provider without extensive investigation. Real Property Management Richmond Metro can be useful. Our Richmond property managers may provide recommendations and direction about exterior siding options, as well as suggest quality stucco professionals devoted to delivering excellent customer service. For more details, contact us online or call 804-823-8882.
Originally Published on Nov 29, 2019
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