There are negative and positive aspects to incorporating a stucco finish into your Cumberland rental property. As with any exterior siding options, there are valid reasons to invest in stucco for a rental home; however, certain downsides may make stucco an undesirable option. To figure out whether stucco siding is right for your single-family rentals, it is essential to first learn what it is and how much a stucco finish will cost. This data can help you make the best decision for your rental properties.
Stucco siding is a versatile material that is widely recognized across the American Southwest and can be applied in a variety of climates and regions. The reason for this is that stucco is a cement-based plaster that is applied over a galvanized wire mesh called a lathe, which helps the plaster adhere to the wall surface and adds structure. Stucco is typically applied in a minimum of three layers, with the final top coat incorporating any color or special finishing techniques.
Pros of Stucco Siding for Your Rental
Stucco’s toughness and endurance are not merely advantages; they are assurances of 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 adequate care, stucco can last a very long time, saving you from the need to budget for its replacement in the near future.
- Stucco is an excellent 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 significantly 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 matter to consider is whether you can afford to depreciate the cost of your stucco finish over an extended period. According to 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 indicates you can deduct the total cost of the stucco siding, but not simultaneously. This makes carefully assessing your cash flows and tax situation a vital part of the process of making decisions.
If you determine that stucco is still the best option for your properties, the subsequent action is to identify a reputable company that will perform the task accurately and at a reasonable cost.
It can be problematic to find a reputable service provider without investing a significant amount of time in investigation. Real Property Management Providence can assist you. Our Cumberland property managers can provide guidance and recommendations about exterior siding options and suggest quality stucco professionals dedicated to providing the highest customer service. For additional information, contact us online or call 401-272-3300.
Originally Published on Nov 29, 2019
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