Having a Millbury property with many desirable features makes it stand out from its competition. Renters tend to prefer rental homes that are equipped with amenities as it spells convenience on their part. The most popular feature that most renters look for in a rental home is an updated and efficient furnace and air conditioning unit. Renters, much like many homeowners want to live in comfort and be able to enjoy their home, rented or owned, no matter the weather outside.
Improve Your Resident Satisfaction
There are several benefits to upgrading a rental property’s HVAC (heating, ventilation, and air condition) unit, although the initial investment of a new unit is a bit costly, it does pay itself off eventually. For landlords with single-family residences, one of the most important benefits is having happier residents. Single-family rentals are much more profitable if you have residents that want to stay for a long period of time because you get to save on cost and none of that hassle of finding new residents every year.
Save Money with Increased HVAC Efficiency
The latest HVAC units are also much more efficient than older models are, resulting in savings on utility costs. It doesn’t matter if the utilities for your rental homes are included in the rent or the renter’s responsibility, reduced utility costs are always good for both you and your residents. A quality HVAC unit should last at least ten years, so a new unit should more than pay for itself over the long term.
Enjoy Tax Rebates from the Government
Another benefit to keep in mind is the potential tax rebates available to property owners who upgrade to energy-efficient HVAC units. You may be eligible for an extra discount of up to 10% of the cost of the unit, a significant advantage come tax time, and, eventually, these savings will add up and cover the cost of your investment in an HVAC upgrade. So, with all these benefits and if you factor in all the savings an upgraded HVAC unit has to offer, it makes sense to do so as soon as you can.
At Real Property Management Metro West-Worcester, we consider the long-term satisfaction of our clients and their residents our top priority and make recommendations regarding Millbury property maintenance and HVAC upgrades with this goal in mind. If you would like to know more about what we can offer, please contact us online or call us at 508-329-6000.
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.