Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
3y
When it comes to Real Estate, buying used can be an excellent choice if you're able to find a property that is only a couple of years old and in perfect condition. Otherwise, investing in a new one might make more sense. Do your research and explore all of your options before making a decision!
Investor · Narragansett, RI · Member since 2013 · 8k+ posts · 4k+ votes
3y
@Kyler J Sloan based on what others have said about what repairs are needed I would bet on a fairly new used one only for a STR if you were going to get one. I would never have one in a LTR. We personally have one but that came with the house I was surprised to find out its age. Thankfully no repairs yet. To me pools are more useful.
Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
3y
Some of you guys are funny. "Only NEW for MY guests!"
The timing of this question is good. I have been managing vacation rentals in the Smokies since 2005. Yesterday was the very first time that we have recommended purchase of a new tub for an owner: It had a crack in the tub that could not be repaired.
A hot tub is a pretty simple, unsophisticated appliance: You have a shell, a heater, a pump, and one or two circuit boards. Unless you crack the shell, there is never a good reason to replace a hot tub with a new one, as they are quite easy - and cheap - to repair.
A hot tub that has been sat in is no different than a previously-sat-on toilet, indoor bathtub, shower, sinks, or refrigerator. Or how about all those supposedly-cleaned dishes in the cabinets that a thousand people have used? And how about that master bed - do we really want to know what all has happened there? Or those floors you're walking bare foot on. Are you kidding?