Hi, Everyone! Does anyone own a single-family rental with an in-ground swimming pool? Do you choose to purchase these or just ended up with it? Do you take any certain measures to avoid accidents? Do you see this as a huge liability?
I had the same thoughts and fears as you did. I asked the question and here are all the responses:
The consensus was that it is more trouble than it's worth
I think you have to take everything into consideration. BP has an amazing amount of good information, but some things need to be taken with a grain of salt. Your situation and circumstances will be different then others. I do not own a property with a pool. I live in a nice neighborhood and my neighbors house with a pool has been a rental for many years with no issues.
We have 2 rental houses with in ground pools. If we had the choice, they would not have pools as here in North Carolina, they are not seen as an asset. In Florida or Arizona, a pool is a benefit.
We have had no problems other than finding them harder to rent as most tenants don't want the expense, hassle, or liability and upkeep.
I would definitely avoid buying an investment property with an in-ground swimming pool. You probably have a good point about liability, but my main concern would be the costs to maintain it. Its a huge hassle. And I wouldn't expect your tenants to maintain it.
Thanks for your thoughts! It seems like everyone is steering away from houses with pools for the same concerns I had in mind. And thanks @Jon Huber for the link.
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