An attractive Fergus Falls rental property is one that provides many sought-after features. Among the features that many residents desire in a rental property, an efficient and up-to-date furnace and air conditioning unit are usually at the top of the list. Renters are no different from a lot of homeowners in that respect: they want to be able to enjoy and live comfortably in their property, rented or owned, no matter the weather outside.
Improve Your Resident Satisfaction
There are various benefits to making upgrades to a rental property’s HVAC (heating, ventilation, and air condition) unit, so the initial investment of a new unit is a great financial move overall. For landlords with single-family properties, one of the most main benefits is satisfied residents. Single-family rentals are more profitable when your residents stay for longer periods of time. Your residents are more likely to extend their lease term if they are comfortable with an updated HVAC unit, which is going to save you the cost and hassle of having to get new residents every year.
Save Money with Increased HVAC Efficiency
Furthermore, newer HVAC units are much more efficient than older units, thus lessening your utility costs. Whether the utilities for your rental properties are integrated into the rent or are the resident’s responsibility, reduced utility costs result in more satisfied residents and lesser costs for you. An excellent HVAC unit should more than pay for itself over the long term as they typically last at least ten years or more.
Enjoy Tax Rebates from the Government
Yet another benefit is the available potential tax rebates given to property owners who switch to energy-efficient HVAC units, which can be a deduction up to 10% of the cost of the unit, a notable advantage come tax time. Along with the other savings an upgraded HVAC unit has to offer, it makes sense to do so as soon as possible.
At Real Property Management Optimum, we consider long-term client and resident satisfaction our top priority and give advice on Fergus Falls property maintenance and HVAC upgrades with this goal in mind. If you would like to find out more about what we offer, please contact us online or call us at 612-730-8293.
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.
