A desirable Portsmouth rental property is one that has a lot of attractive features to offer. Among the features that many tenants want in a rental residence, an updated and efficient furnace and air conditioning unit regularly top the list. Tenants are similar to many homeowners in that regard: they want to live in comfort and be able to enjoy their residence, rented or owned, no matter the weather outside.
Improve Your Resident Satisfaction
There are many perks to improving a rental property’s HVAC (heating, ventilation, and air condition) unit, making the initial investment of a new unit a good long-term financial move. One of the most important perks for landlords with single-family residences is happier tenants. Single-family rentals are more profitable when your tenants want to stay longer. If your tenants are contented with an updated HVAC unit, your tenants are more likely to stay in the home past the initial rental agreement. This will save you the cost and hassle of searching for new tenants every year.
Save Money with Increased HVAC Efficiency
Newer HVAC units are also way more efficient than past models, reducing utility costs. Whether the utilities for your rental residences are included in the rent or the tenant’s concern, reduced utility costs result in more satisfied residents and lower 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. You may be able to subtract up to 10% of the cost of the unit, a substantial advantage come tax time. When combined with the other savings an upgraded HVAC unit offers, it makes sense to make the change as soon as you can.
At Real Property Management Seacoast New Hampshire, we prioritize the long-term satisfaction of our clients and their residents and formulate recommendations for Portsmouth 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 603-343-2202.
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.