An appealing rental property boasts many sought-after features, with many renters specifically seeking an updated, efficient furnace and air conditioning unit.
Much like homeowners, renters appreciate a comfortable home environment, regardless of the temperature outside. As a landlord, meeting these needs can significantly enhance the appeal of your property.
Enhance Resident Satisfaction
Upgrading a rental property’s HVAC system offers numerous advantages, with the investment in a new unit being a strong financial choice. One of the key benefits for landlords managing single-family rental properties is ensuring long-term satisfaction for your tenants.
Single-family rentals are more profitable when renters want to stay longer. With an updated HVAC unit, residents are more likely to extend their stay beyond the initial lease term, saving you the hassle and expense of finding new residents..
Improve HVAC Efficiency to Save Money
When you invest in a new HVAC unit, you’re not just saving money in the short term. It’s a long-term strategy to reduce your utility costs, whether or not utilities are included in rent.
While the investment in a high-quality HVAC unit can be a financial commitment, it proves worthwhile in the long run. These units typically have a lifespan of at least ten years, meaning the initial investment can be recovered over time through energy savings, reduced repair costs, and better home comfort.
By selecting a durable and efficient unit, you ensure consistent climate control, while making sound financial decisions for your business.
Take Advantage of Tax Rebates
Don’t forget the potential tax rebates for property owners upgrading to energy-efficient HVAC units. You can deduct up to 10% of the cost of the unit, giving you a significant advantage at tax time. When you combine this with the other savings an upgraded HVAC unit offers, it’s a clear win.
At Real Property Management TradeWinds, we assist landlords in optimizing Clearwater rental properties through expert property maintenance and HVAC upgrades. Contact us online or call 727-400-4722 today for more information.
Originally Published on June 22, 2018
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