Adding a stucco finish to your Wayzata rental property has advantages and downsides. Identical to other exterior siding options, there are good reasons to invest in stucco for a rental home. However, certain downsides may make stucco less attractive for tenants. To figure out whether stucco siding is right for your single-family rentals, you have to gain an understanding of what it entails and how much a stucco finish will cost. This detail can help you make the best decision for your rental properties.
Famous across the American Southwest, stucco siding works well for various climates and regions. 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 provides robustness. Stucco is usually used in at least three coats, with the top or finish coat including any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
The strength and durability of stucco provide more than just advantages; they offer a guarantee of a long-lasting investment.
- Stucco is tinted instead of painted, so it can withstand fading for decades.
- Stucco can be textured for a unique and decorative look.
- With consistent upkeep, stucco can last a very long time, eliminating the need to allocate funds for its replacement in the near future.
- Stucco delivers exceptional protection against inclement weather.
- The cost of stucco itself is cost-effective when compared to other types of siding, making it an economical option.
Potential Drawbacks
Needless to say, there are some drawbacks to consider, together with 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 taking several days to finish the job.
- Stucco can be damaged easily, necessitating professional repairs.
Another thing to think about is whether you can afford to depreciate the cost of your stucco finish over a period of time. 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 means you can deduct the total cost of the stucco siding, but not instantly. It is essential to fully assess your cash flows and tax situation when making choices.
Once you’ve made a decision that stucco is still the best option for your properties, the next task is to locate a reputable company that can complete the job with accuracy and at an acceptable price.
Finding a reputable service provider can be quite difficult without dedicating a significant amount of time to research. Real Property Management Viking can be beneficial. Our Wayzata property managers are knowledgeable about various exterior siding options and can provide quality stucco professionals who prioritize exceptional customer service. For further information, contact us online or call 612-230-3953.
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