To Pool or Not to Pool

[Ron Tamber]

OK BP community,

Saw a nice house in distress and bank owned. Its a brick rancher with detached garage. The kicker is it has a huge built in swimming pool that clearly needs a liner. I personally have a built in pool and know the rewards are great even in this hot Virginia weather. But it does require work and money to keep it looking good. So the question is does t really reduce the buyer pool,..(yeah I know stupid pun) by having a pool or is it such a bonus that it helps? Would love to hear from anyone who has dealt with pools. The wife thinks it hurts,.I am on the fence that's why I came here

Thanks,

Ron

[Blake Messina]

Ron- take a look at sold comps in the area. Really depends on the neighborhood as to how much more a pool will get you during resale. I've seen neighborhoods where a pools adds maybe $10k to the value, and then there are neighborhoods where a pool could add $30k in value (I'm in Florida). Not sure about your area. Personally I would not want a pool if i was buying it as a long term rental property.