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Updated over 5 years ago on . Most recent reply

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Thomas Lee Nuckles
  • Rental Property Investor
2
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29
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Should my first rental have a pool?

Thomas Lee Nuckles
  • Rental Property Investor
Posted

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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Michael Ealy
  • Developer
  • Cincinnati, OH
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Michael Ealy
  • Developer
  • Cincinnati, OH
Replied
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.

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