An appealing rental property attracts quality renters—and one key amenity they look for is an efficient furnace and air conditioning unit. As a landlord, making smart upgrades like these can significantly enhance the appeal of your property and lead to long-term benefits.
Enhance Resident Satisfaction
Upgrading a rental property’s HVAC system offers real benefits for landlords, especially those managing single-family rental properties. A comfortable indoor climate provided by an updated HVAC unit encourages renters to stay beyond the initial lease term.
In single-family rentals, long-term tenants mean fewer vacancies and less time spent finding new residents. When renters want to stay, everyone wins.
Improve HVAC Efficiency to Save Money
Investing in a new HVAC unit is a sound financial decision that pays dividends, . A high-quality HVAC unit is both durable and efficient, often lasting a lifespan of at least ten years. This type of unit reduces utility expenses and minimizes the need for repairs.
By reducing your utility costs and improving home comfort, you’ll see that this initial investment proves worthwhile in the long run.
Take Advantage of Tax Rebates
Upgrading to energy-efficient HVAC units gives property owners access to potential tax rebates. These incentives can allow you to deduct up to 10% of the unit’s cost, an added bonus that creates a significant advantage at tax time.
Combined with energy savings and reduced maintenance expenses, an upgraded HVAC unit is a powerful tool in your long-term strategy for rental success.
At Real Property Management Gold, we help landlords with property maintenance and HVAC upgrades that improve the value of Calvert County rental properties. Contact us online or call 301-392-2172 today to learn more.
Originally Published on June 22, 2018
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