Adding a stucco finish to your Virginia Beach rental property has benefits and drawbacks. Just as with any exterior siding options, there are good reasons to invest in stucco for a rental home, but certain downsides may make stucco a more undesirable option. To figure out whether stucco siding is right for your single-family rentals, it is significant to first study what it is and how much a stucco finish will cost. This knowledge can help you make the best decision for your rental properties.
Known all across the American Southwest, stucco siding is adaptable for many different climates and locations. 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 increases strength. Usually employed in at least three coats, stucco has a top or finish coat incorporating any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
The toughness and dependability of stucco guarantee a long-lasting investment, not only advantages.
- Stucco is tinted, not painted, so it can withstand fading for decades.
- Stucco can be textured for a unique and decorative look.
- With good preservation, stucco can last a very long time, so you will not need to pay for its replacement anytime soon.
- Stucco offers outstanding 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
Sure enough, there are some drawbacks to consider, in addition to the advantages that stucco provides.
- Stucco requires professional installation, which can substantially increase the cost.
- Applying 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.
Another question is whether you can afford to depreciate the cost of your stucco finish over a number of years. The IRS claims that a significant improvement like adding stucco to your rental property’s exterior cannot be deducted as an expense but rather depreciated over time. This indicates that you can deduct the total cost of the stucco siding, but not in one go. This makes closely assessing your cash flows and tax situation a necessary component of the way you make choices.
Should you choose that stucco is still the best option for your properties, the following action is to identify a professional company capable of doing the work right and fairly.
It can be complicated to find a reputable service provider without devoting much time to research. Real Property Management Hampton Roads will be useful. Our Virginia Beach property managers may propose quality stucco professionals committed to providing the best customer care, as well as ideas and recommendations about exterior siding options. To discover more, contact us online or call 757-395-4274.
Originally Published on Nov 29, 2019
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