There are over 22 million landlords in the United States, each with many obligations and responsibilities. If you're one of them, you know that building maintenance and presentation are very important. Here are 10 ways in which vinyl has got you covered.
How Vinyl Replacement Windows Pay You Back
1. Lower Heating And Cooling Costs
If your tenants are responsible for paying utilities in your apartments, they want to know their money won't be (literally) going out the window. New windows have a snug fit in your buildings, allowing for less escaping of air. Opt for double-paned models, and the units are even more efficient, meaning your tenant pays less for utilities.
2. Uniform Vinyl Replacement Windows Are Attractive
With many people spending half their income on rent every month, the expectation on aesthetics can be high. Vinyl windows and siding are both clean cut and provide a lot of curb appeal. Prospective tenants who are impressed with the outside of your buildings will want to call the place home even before setting foot inside.
3. Good Windows Are Easy To Clean
Nobody wants to hang out of a second-story window as part of their cleaning routine, but with older windows, that's usually the only recourse. State-of-the-art vinyl replacement windows, however, are designed for easy access and quick clean up. Click this link to learn more about window design options.
4. Better Windows Make For Happier Neighborhoods
There's one on every block: The night owl, party animal or otherwise obnoxiously loud neighbor who makes the area unbearable for your tenants. Double-paned vinyl windows, however, reduce inside noise levels, offering you a tremendous selling point for your units.
5. Energy Efficient Windows Earn You A Tax Credit
Although tax codes change faster than the weather, you're likely still eligible for a significant tax deduction if you install energy efficient windows on any of your properties. Along with other improvements, such as insulation, new roofing or skylights, the greener your apartments are, the bigger the pat on the back from the IRS is. Many of these incentives are scheduled to expire, though, so take advantage of them before that window closes.
The Value Of Vinyl Siding To Your Rental Properties
1. Your Options Are Vast
Improving the look of your properties may be a good investment, but doing so can be expensive, particularly if you want anything out of the ordinary. However, vinyl offers a variety of looks, including colors, textures and patterns, without the extra expenses you'd incur using other materials. Especially if you opt to insulate vinyl, the return on your investment is considerable.
2. Vinyl Siding Increases Resale Value
Increasing the long-term value of your assets is an added bonus to upgrading for tenant appeal, energy efficiency and ease of maintenance. External improvements to your buildings increase value, particularly when vinyl is installed.
3. Cleaning Is A Snap
Vinyl is easily washable, either with soap and water on small spots or with a pressure washer all over. That makes maintaining the freshly remodeled look pretty quick and painless for you. If you hire someone to oversee your property, make the annual clean up part of their responsibility; otherwise, a Saturday afternoon should be all you need to keep vinyl siding in tip-top shape.
4. Minor Repairs Are Not A Major Issue
If a tenant accidentally damages your siding, replacing a panel or two is not a federal project or a budget-breaker. In fact, if you're prepared, you could handle the situation on the spot and in record time.
5. It Lasts!
Choosing how to resurface your buildings, weighing all the options, then finally having the work done isn't a process you want to repeat every couple of years. Time is one of your most valuable assets, thus, you don't want to be constantly touching-up your properties. Vinyl withstands weather and won't be a drain on your time, unlike paint, for example
The exteriors of your buildings need to meet a number of important criteria to satisfy your standards as an investor in the real estate you own. Fortunately, vinyl answers the challenges, adding more appeal for tenants and a lot more value for you.