Improve Your Resident Satisfaction
There are plenty of benefits to upgrading an HVAC (heating, ventilation, and air condition) unit in a rental property, so the initial investment of a new unit is definitely a good long-term financial move. For landlords with single-family homes, one of the most important benefits is residents who are happy and content. Single-family rental homes are more profitable when your renters want to stay 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 hassle of getting new renters every year.
Save Money with Increased HVAC Efficiency
Newer HVAC units are also much more efficient than older units, leading to savings on utility expenses. 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. A quality HVAC unit typically last ten years or more, so a new unit is going to more than pay for itself eventually.
Enjoy Tax Rebates from the Government
Another benefit to consider is the potential tax rebates offered to homeowners who upgrade to energy-efficient HVAC units, with a possible deduction of up to 10% of the unit’s cost, which is a significant help come tax season. With all the other savings an upgraded HVAC unit provides, it makes sense to do so as soon as you can.
At Real Property Management Investment Solutions, we give the long-term satisfaction of our clients and their resident’s utmost importance and provide recommendations concerning Grandville property maintenance and HVAC upgrades with this objective in mind. Please contact us online or call us at 616-419-8880 if you would like to know more about the services we offer.