An attractive Inverness rental property is one that offers many sought-after features. Among the features that many renters want in a rental property, an up-to-date and efficient furnace and air conditioning unit are typically at the top of the list. Renters are no different from a lot of homeowners in that regard: they want to live in comfort and be able to enjoy their home, rented or owned, whatever weather it is 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 properties, one of the most essential benefits is happier renters. Single-family rental homes are more profitable when your renters want to remain for longer lengths of time. If your renters are comfortable with an updated HVAC unit, they are more likely to extend their stay beyond the initial lease term. This will save you the cost and trouble of finding new renters every year.
Save Money with Increased HVAC Efficiency
Also, newer HVAC units are much more efficient than older models, leading to saving on utility costs. Whether the utilities for your rental homes are covered in the rent or are the renter’s responsibility, reduced utility costs mean more satisfied renters and lesser costs for you. Since a quality HVAC unit typically lasts at least ten or more years, a new unit will more than pay for itself over the long term.
Enjoy Tax Rebates from the Government
Another benefit to remember is the possible tax rebates offered to homeowners who upgrade to energy-efficient HVAC units. You might be able to deduct up to 10% of the unit’s cost, a significant advantage during tax time. 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 Diversified, the long-term satisfaction of our clients and their renters is our main priority and we make recommendations for Inverness property maintenance and HVAC upgrades with this target in mind. If you want to learn more about what we can offer, please contact us online or call us at 352-854-2221.