Tenants expect more from a rental these days—and a key feature of an appealing rental property is an efficient furnace and air conditioning unit. If you’re a landlord looking to enhance the appeal of your property, HVAC upgrades are a proven way to do just that.
Enhance Resident Satisfaction
Upgrading a rental property’s HVAC equipment not only increases comfort but also improves tenant retention. In single-family rentals, keeping your renters happy often means they’ll renew their lease past the initial lease term.
When renters want to stay, you reduce turnover and avoid the ongoing hassle of finding new residents—saving both time and money.
Improve HVAC Efficiency to Save Money
Investing in a new HVAC unit is more than a short-term fix—it’s a long-term strategy for reducing your utility costs. A high-quality HVAC unit offers consistent climate control and can last a lifespan of at least ten years.
Although the financial commitment may seem significant at first, the energy savings and reduced repair costs proves worthwhile in the long run.
Take Advantage of Tax Rebates
For property owners, installing energy-efficient HVAC units comes with the added benefit of tax rebates. You may be able to deduct up to 10% of the cost of the upgraded HVAC unit, creating a significant advantage at tax time.
From financial perks to better tenant satisfaction, upgrading your HVAC system is a wise move.
At Real Property Management Republic, we specialize in property maintenance and HVAC upgrades for Spring rental properties. Please contact us online or call 919-481-0008 to get expert advice and support today.
Originally Published on June 22, 2018
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