A desirable Coquina Key rental property is one that offers many attractive features. An up-to-date and efficient furnace and air conditioning unit are typically at the top of the list of features that renters are looking for in a rental property. Renters are like homeowners: They want to live in comfort and be able to enjoy their home, rented or owned, no matter what the weather outside is like. There are plenty of benefits to upgrading an HVAC (heating, ventilation, and air condition) unit in a rental property, which makes the initial investment of a new unit a good long-term financial move.
For landlords with single-family properties, one of the most essential benefits of upgrading an HVAC unit is happier renters. Your Coquina Key tenants are more likely to extend their lease term if they are comfortable with an updated HVAC unit. This will save you the expense and hassle of getting new renters every year. If you are still not convinced, let’s go over a few other benefits that come along with an upgraded HVAC unit.
Save Money with Increased HVAC Efficiency
Newer HVAC units are more efficient than past models, reducing utility costs. Whether the utilities for your rental residences are included in the rent or the tenant’s concern, reduced utility costs result in more satisfied residents and lower costs for you. Newer HVAC unit should last ten or more years, so a new unit will more than pay for itself in the long term.
Healthier, Cleaner Air
Upgrading your HVAC unit will also help to better control the temperature of your home and increase the air quality. The new filter system cleans the air and makes the air you are breathing in better for you, so it is great to have if your tenants struggle with allergies.
Enjoy Tax Rebates from the Government
Another perk to consider is the possible tax rebates for property owners who upgrade to energy-efficient HVAC units. You might be able to deduct up to 10% of the unit’s cost, a significant advantage during tax time. Along with the other savings an upgraded HVAC unit has to offer, it makes sense to do so as soon as possible.
When you upgrade your HVAC unit, you will have a long-lasting, cleaner, and more efficient system that will not only make your tenants happy but will also save you time, energy, and money. At Real Property Management TradeWinds, the long-term satisfaction of our clients and their residents is of the utmost importance, and we provide recommendations concerning Coquina Key property maintenance and HVAC upgrades with this objective in mind. If you want to learn more about the services we offer, please contact us online or call us at 727-400-4722.