Sprinkler System for Buy & Hold?..

[Ryan R.]

I've got a property that is considered to be a fairly nice rental in my area, B+ or A-.

My current strategy is to hold this property for appreciation for the next 7-10 years, possibly longer.

The yard is becoming less than desirable. About half of the houses in the neighborhood have nice landscaping and sprinkler systems. My thinking is that a nice yard will attract tenants, increase my possible resale value in the future, and the price for irrigation systems will probably never be less expensive to install than now.

I can pay for the system entirely with cash flow generated form the property. Estimates are about $2,000. The house was built in 05 so no major expenses "expected" in the near future.

Good Investment?