Hi, our flip project has an old pool and it's located in Wyncote, PA (near Philly). Our ARV price range is $350K-$365K. Those, who dealt with pools before what was best return on investment - restore the pool (higher ARV assumption) or close it (cover with dirt)?
Thank you in advance!
No details here. What shape is it in? If it just needs a be cleaned and a new pump no big deal. If it wasn't winterized and all the pipes need redug or if it needs a new liner that can get very expensive. The location and price point dictate weather it is beneficial or not. Pools in AZ would be a lot more desired than in PA. How many comps have pools in that price-point? How much of the lot does the pool take up?
Also, were it to be filled in. Can heavy equipment make it there ? You might need to grade and sod/seed if the equipment damages the yard.