An appealing Spring rental property is one that offers many sought-after features. Among the features that many tenants want in a rental residence, an updated and efficient furnace and air conditioning unit regularly top the list. Renters are no different from a lot of homeowners in that respect: they want to be able to enjoy and live comfortably in their property, rented or owned, no matter the weather outside.
Improve Your Resident Satisfaction
There are many benefits to upgrading the HVAC (heating, ventilation, and air condition) unit of a rental property, making the initial investment of a new unit a smart financial move in the long run. For landlords with single-family homes, one of the most essential benefits is happier renters. Single-family rental homes earn more when your renters want to remain for longer lengths of time. If they are comfortable with an updated HVAC unit, your residents are more likely to keep on renting the home beyond the initial lease agreement. This will save you the expense and trouble of finding new renters every year.
Save Money with Increased HVAC Efficiency
Newer HVAC units are also way more efficient than past models, reducing utility costs. Whether your rental home’s utilities are included in the rent or the renter’s responsibility, reduced utility expenses mean more contented residents and fewer costs for you. As a superior HVAC unit should last ten or more years, a new unit should more than pay for itself in the long term.
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. There is a possible deduction of up to 10% of the unit’s cost, which is a significant help come tax season. When combined with the other savings an upgraded HVAC unit offers, it makes sense to do so as soon as possible.
At Real Property Management Republic, we prioritize the long-term satisfaction of our clients and their residents and formulate recommendations for Spring property maintenance and HVAC upgrades with this in mind. If you want to know more about the services we offer, please contact us online or call us at 281-362-5001.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
