Investor · San Diego · Member since 2021 · 11 posts · 3 votes
I'm looking at a property in San Antonio that has a very dilapidated pool and I'm trying to get an idea of what it might cost to either fix it up or fill it in. And which would be more cost effective. If fixing it costs more but I can the sell the house for a lot more, that be worth it as long as it does take hundreds of months to do the work. I have to say, it seems to be holding water. ;)
Where in San Antonio is the home? Pools do great as STRs in San Antonio. This one looks big which would be great. You could pay off the pool with STR profits and then cash flow from there. I could get you a revenue projection. Let me know if you want a connection to the company who recently built a pool at one of my STRs, JAM Pools. Https://www.airbnb.com/h/kingbirchsatx
That looks like a guesstimate of 20k to me just from the shape of it and expectations of worn out mechanicals as well. I don't love filling pools in. I would come up with a hybrid option if the repairs are too much which would be to turn it into a garden. You basically fill it with dirt and cheap soil and then plant all on top so someone can have a garden or nice option there. A concrete yard in full in TX seems hot.
Where in San Antonio is the home? Pools do great as STRs in San Antonio. This one looks big which would be great. You could pay off the pool with STR profits and then cash flow from there. I could get you a revenue projection. Let me know if you want a connection to the company who recently built a pool at one of my STRs, JAM Pools. Https://www.airbnb.com/h/kingbirchsatx
My sister just bought a property in Michigan that had an old pool. She had the sides pushed in with a skid steer and had it filled with dirt. She of course is in a very different market than you are and it is a house she is living at. It is hard to tell from the picture, but if the cost will be too high to repair it I like the idea of having a sunken garden. That way you do not have to fill it with as much dirt and it would still be an attractive feature for the property.
Looks like the property got sold. But these responses help for the future. I've never had a pool myself nor invested in a home with a pool so this is all new to me. I really like the garden idea but wasn't sure if I should try to save the pool.