An appealing rental property has a variety of attractive features, with many renters seeking an updated, efficient furnace and air conditioning unit as a priority.
Like homeowners, renters desire comfort and the ability to enjoy their homes, no matter the weather outside. As a landlord, addressing these needs can greatly enhance the appeal of your property.
Enhance Resident Satisfaction
Upgrading a rental property’s HVAC system brings many benefits, with the investment in a new unit paying off over time. One of the key benefits for landlords with single-family rental properties is ensuring that your residents are satisfied and content.
Single-family rentals become more profitable when renters want to stay for extended periods. When your tenants are comfortable with an updated HVAC unit, they are more likely to remain in the property past the initial lease term, saving you the cost and hassle of finding new residents each year.
Improve HVAC Efficiency to Save Money
Investing in a new HVAC unit isn’t just about saving money upfront—it’s a long-term strategy to reduce your utility costs, regardless of whether those costs are included in the rent.
Although investing in a high-quality HVAC unit can feel like a large financial commitment, it typically proves worthwhile in the long run. These systems generally have a lifespan of at least ten years, which means your initial investment can be recouped through energy savings, reduced repair costs, and improved home comfort.
By selecting a durable and efficient unit, you gain steady climate control and ensure that you’re making sound financial decisions for your property.
Take Advantage of Tax Rebates
Remember the potential tax rebates available to property owners who choose to upgrade to energy-efficient HVAC units. You can deduct up to 10% of the cost, providing a significant advantage at tax time. When combined with the ongoing savings an upgraded HVAC unit provides, this makes it an investment you won’t regret.
At Real Property Management Eclipse, we specialize in guiding landlords through property maintenance and HVAC upgrades for their Seattle rental properties. Reach out today— contact us online or call 425-209-0252 to get expert support.
Originally Published on June 22, 2018
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