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. One of the most important perks for landlords with single-family residences is happier tenants. Single-family rentals are more profitable when your residents stay for longer periods of time. If your renters are comfortable with an updated HVAC unit, there is a greater chance that they will 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
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. 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 homeowners who upgrade to energy-efficient HVAC units. There is a possible deduction of up to 10% of the unit’s cost, which is a significant help come tax season. 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 Greater Milwaukee, we prioritize the long-term satisfaction of our clients and their residents and formulate recommendations for Brookfield property maintenance and HVAC upgrades with this in mind. If you want to learn more about what we can offer, please contact us online or call us at 262-309-6961.