An appealing rental property includes numerous sought-after features, and for many renters, one of the most important is an efficient furnace and air conditioning unit.
Just like homeowners, renters appreciate comfort and expect to enjoy a pleasant indoor environment, regardless of the outdoor temperature. As a landlord, recognizing and fulfilling these expectations can greatly enhance the appeal of your property.
Enhance Resident Satisfaction
Upgrading a rental property’s HVAC system brings a variety of advantages, making the initial investment in an updated HVAC unit a solid financial commitment. One of the key benefits for landlords managing single-family rental properties is improved tenant happiness.
When it comes to single-family rentals, they’re far more lucrative if your renters want to stay for longer durations. Comfortable living conditions supported by an upgraded HVAC unit increase the likelihood that renters will renew beyond the initial lease term. This helps you avoid the recurring burden and expense of finding new residents each year.
Improve HVAC Efficiency to Save Money
Investing in a new HVAC unit provides more than just short-term benefits—it’s a smart long-term strategy that can help reduce your utility costs, whether or not you include those costs in the monthly rent. Choosing a high-quality HVAC unit can seem like a major financial commitment, but it often proves worthwhile in the long run. These systems are built to last, with a lifespan of at least ten years, which means that over time, your initial investment is offset by energy savings, reduced repair costs, and increased home comfort.
Selecting a durable and efficient unit ensures consistent climate control while also reinforcing your reputation for making sound financial decisions.
Take Advantage of Tax Rebates
Don’t overlook the potential tax rebates available to property owners who install energy-efficient HVAC units. You may qualify to deduct up to 10% of the cost, giving you a significant advantage at tax time. Combined with the ongoing savings that come from an upgraded HVAC unit, this makes it a smart choice to move forward with your plans sooner rather than later.
At Real Property Management Executives Greater Atlanta, we provide expert advice on property maintenance and HVAC upgrades. For help managing your Sugar Hill rental properties, please contact us online or call 678-765-8383 today.
Originally Published on June 22, 2018
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