There are many advantages to installing ceiling fans in your rental properties. Probably the most vital value and benefit are that, unquestionably, renters want them. Certain renters will not consider a rental home that doesn’t have ceiling fans in the bedrooms, if not the main living areas. Lots of people desire to circulate the air in their homes at night or anytime it starts to feel stuffy. And if your rental has multiple bedrooms and residents, having ceiling fans in each room allows each resident to use them to raise their comfort.
Not only do ceiling fans help keep residents comfortable, but on the other hand, they are also much more power-efficient than central air. In places with mild summers, a ceiling fan may be all your residents need to stay comfortable for the whole year. Nevertheless, even in hot climates, a ceiling fan can help make air conditioning units perform more properly and reduce the need to run the air conditioning all year long. In the winter, ceiling fans push warm air down into the rooms, and in the summer, they pull hot air up and out. This can keep lower utility costs and strain on your HVAC unit, extending the life of this essential system.
Naturally, apart from all these gains, there are several downsides to putting ceiling fans in your rental properties. Quite possibly one of the most substantial drawbacks is that ceiling fans can at times tend to get a noisy problem after a certain time. A correctly installed ceiling fan should cause very little noise. But on the flip side, over a period of time, the blades can move and have a tendency to be unbalanced, which can give rise to undesired noises that your renters might not like.
Another prospective burden related to ceiling fans is the lighting quality and total aesthetic. Cheap ceiling fans can look cheap and can set off a rental home’s interiors to look off-balance or out-of-date fast. It’s crucial to select quality ceiling fans that are the appropriate size for space since going kind of too big or too small will turn potential renters away. Furthermore, ceiling fans are not at all times a good source of the excellent light. Various ceiling fans have frosted lighting covers or exposed bulbs that can cause a room to either be pretty dark or too bright. Certain higher-quality fans offer multi-function lighting, where you can choose which bulbs are lit at any one time, though these will cost more upfront.
It’s essential to note that there is, in many cases, the likelihood of damage or breakage. People or objects may hit the ceiling fan and damaged glass shades or the blades themselves, rendering the fan useless. But on the other hand, several landlords know that such circumstances are fairly rare. Incorporating a good-quality ceiling fan definitely more than pays for itself by making their rental property so easy and effortless to keep occupied and tenanted.
While doing research on every potential income property is a lot of work, Real Property Management of the Triad can help lighten your load. We offer free rental property analyses for investors, which can help you more easily identify whether the income property you want to buy is a profitable option. Contact us online or call us at 336-355-6677 or 336-777-7444 to learn more!