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Updated over 5 years ago on . Most recent reply
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Should my first rental have a pool?
The property I am looking at has a pool, it being my first I am quite nervous about it. I hear a lot of horror stories dealing with pools and being so new i don't think I should add that to my belt. I also live in a Area where a pool is used 3-4 months out of the year, but the house is right night to a sizable college. any help?
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Originally posted by @Thomas Lee Nuckles:
The property I am looking at has a pool, it being my first I am quite nervous about it. I hear a lot of horror stories dealing with pools and being so new i don't think I should add that to my belt. I also live in a Area where a pool is used 3-4 months out of the year, but the house is right night to a sizable college. any help?
In general, other than the coasts, having a pool is a liability. It costs a lot to maintain a pool and given the limited usage, you cut down your buyer-base by 50%.
Having said that, do a property inspection before you close. Find out if the pool needs a lot of deferred maintenance and if so, don't buy it. If you can find other deals in the same area, do so.