If you own a rental property, then you know how important it is to keep up with maintenance. You probably also know that upgrading the air conditioning units benefits both you as well as your tenants. While a new HVAC unit may not be the first thing that people consider, it can help save money on repairs and help rent out the property to future tenants.
In fact, people nowadays are looking to rent an apartment that has a quality air conditioner, especially during the summer months. No tenant wants to deal with a faulty air conditioner during a heat wave, nor do they want to constantly go to their landlord every time it breaks down.
You can save yourself and your tenants the unnecessary stress and chaos by replacing the air conditioner units. Whether it’s a family owned building or it’s a building you bought from a leasing agent, the air conditioners are most likely going to be old and worn down.
Continue reading to learn why you should consider replacing the air conditioner in your rental property.
It Helps Rent Out the Property Faster
Renters are now starting to think ahead when it comes to acquiring a new home. This means that they’re going to ask to see the utility bills before they sign the lease. By having upgraded air conditioners, tenants won’t have to pay as much on their monthly power bill and can enjoy the improved air quality. Not to mention, it will be much easier for you to rent out the property as renters aim to live their best life with little cost.
The Need for Repairs Won’t Be As Common
Everyone knows that having an old HVAC system is going to cost them a lot of money in repairs. Tenants will quickly lose patience when their air conditioner breaks down and you end up paying a pretty penny for HVAC repair. Luckily, HVAC technology has evolved throughout the years. The newer systems are designed to greatly improve the air quality while keeping the bills down.
Also, new HVAC systems are less likely to break down, so you won’t have to worry about your tenant’s air conditioning unit randomly breaking down.
You’ll Be Able To Charge Premiums
Many people don’t want to spend extra money simply because the air conditioner is new. However, that doesn’t mean you won’t be able to charge them premiums. Charging your tenants premiums actually benefits both you and them. As you are making a bit more money, the tenant actually saves them money on their utility bills while preventing poor air quality. For example, investing in an energy-efficient air conditioner from Prime Air allows you, as the landlord, to market your property as a greener alternative.
No tenant wants to constantly come to their landlord about their faulty air conditioning unit. All it does is create a rift in the relationship, which can ultimately lead to tenants not renewing their lease. As the property owner, it’s your job to prevent these kinds of problems. Don’t wait for your tenants to complain, start replacing your old units with best air conditioning unit, Baldivis has to offer before the dog days of summer hit!