Airbnb: To get a Pool or not in Florida
Hi all, quick question.
I am in the Port Saint Lucie, Fl market and i have an airbnb that is doing quite well from an income perspective.
However going into the summer my bookings have slowed down, i do not currently have a pool.
Is getting a $500 above ground pool worth it?
Anyone have any advise when it comes to liability/insurance if i have a pool at my airbnb?
Thank you very much for your input!
Hey Scott
We are primarily in the Tampa market and notice our larger homes that are non pool suffer as well. I do not have experience with above ground but I believe that would be fine if done tastefully. I would encourage a deck as well. You would then alert your insurance to it and it will go up but you would be covered. I hope that helps.
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Get a small inground fiberglass pool.
No above ground pool unless you have a mobile home.
@Scott Goulet I agree with Andrew. Properties with no pool definitely suffer through the hot summer months. It is a great amenity to have. If pool in ground is not an option or not in your budget, a quality above ground one could be a good route to go.
I would definitely make sure you have an appropriate coverage. If you need an insurance agent who can look into it for you and provide you with some quotes, reach out.
We go above and beyond when it comes to protection.. starting with insurance coverage, sings in the listing and in the property that there is no guard on duty (as silly as that sounds), putting extra locking device high enough so youngsters can't reach, an alarm/beep system to alert them that door opens for those with small children (or elderly) so they cannot wander out in the backyard with no one noticing and risk drowning. I would look into any regulations that might require you to have a fence around the pool as well :)
Hope that helps.
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I would definitely invest in the inground pool over the above ground option.
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I agree with @John Underwood and @Sarah Kensinger. If you can do it, in ground all the way.
Nothing screams cheap like an above ground pool. Even a good one that costs thousands with the surrounding deck.
My 2 cents.
Our season is too short to justify a pool but if I owned property in the south I look into these partial inground pools: https://www.poolandspadepot.co...
Is the AirBnB market rental market slowing down in general in your area? There are reports that this is happening. The slowdown may not be due to the lack of a pool.
Do an enemy analysis. Check "flexible" dates for a house with a pool to weed out the condos with shared pools. This should bring up all of the homes in your area with pools. Exclude any units that are out of your league and focus on similar comps.
What are they charging per night? How full is their calendar? Should give you an idea as to whether it's worth it or not.
Generally speaking, you're really going to want to have an inviting in ground pool. It will be expensive to build. I would avoid an above ground pool.
There are some exceptions to having a pool like if the house is a block from the beach or it's in a downtown area.