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Updated almost 4 years ago,
Should I get a pool installed in Los Angeles?
Hello BP, I live in Los Angeles, on the western part of first street in San Pedro close to Palos Verdes. I have a newly renovated 4 bedroom house with all the fixings and I have a large backyard that would be perfect for a pool. Its currently March 27th and its 76F outside and the summer weather sticks around until the end of October. I also have a detached ADU that I am renting out in the backyard, and I can envision renting out the main house in a few years. If I install solar, I can get my electricity bill down to $150 a month which includes the cost of running the pool and heating it. Does it make sense to invest into a pool given the market that i am in? I want to use it personally for a few years and then rent the house. I do not believe in selling real estate and plan to keep this house forever. Does a pool increase the value of the property? I have read some articles that it can and cant depending on your market. In LA it ranges from 40k-120k in increased value, but I am not 100% on this. What would you suggest? Are there ways to get around the liability aspect if I am renting the house out? Thank you for your advice!