What You Need to Know When Investing in a Cincy Property with a Pool

What You Need to Know When Investing in a Cincy Property with a Pool

swimming pool in Cincinnati

swimming pool in CincinnatiGuest contributor: Jennifer Vausse

States that have year-round warm climates attract renters who want pool homes. While Cincinnati does not have year-round summer conditions, three to five months of the year, pool-appropriate weather is the norm, according to the U.S. Climate Data website. Because this is such a long season for swimming, pools are an attractive asset when it comes to properties— but only when they’re properly taken care of.

Pool Removal Costs

Pool removal costs are outlined on Costhelper.com. When a pool is undesirable or has reached the point where the condition is so poor that the cost of maintenance is too high, it may be time for demolition or removal. In the case of in-ground pools, the structure may be either filled in, or removed. Above-ground pools are typically hauled away.

Small to medium in-ground pools run $3,000 to $6,000 for filling in the pool with a minimal layer of 8-10 inches of soil. Removal of larger pools can cost $6,000 to $15,000. Structures with difficult access or of larger size can be even pricier and can cost up to $25,000, but the average cost is $10,000 to $15,000. On the other hand, above-ground pools average $250 for removal, and may cost up to several thousand dollars for large, elaborate styles.

When you search for above ground swimming pools online, you will find funds will go farther purchasing an above ground pool, while removal costs will be quite low. Many models and styles are available for less than $1,500, leaving you plenty of budget for attractive decking, pool furniture and landscaping.

Value of Pool Maintenance

Property Management Insider recommends a one-hour-a-week pool regimen that will keep your costs to a rock bottom low. Year-long maintenance is essential. Avoiding high alkalinity chemical imbalances can prevent or reduce destruction to equipment, plaster and tiles. Pools normally last for up to 20 years with proper care, but this life expectancy can be reduced by 50 percent when diligent care is not maintained. Re-plastering alone can cost as much as $14,000. Tile replacement can be a problem, because colors and patterns are difficult to match.

You can save thousands of dollars when you spend just one hour a week doing pool maintenance. In your hour, check chlorine and PH levels, alkalinity, calcium hardness, and flow meter. Add algaecide, and maintain proper water circulation. Your pool maintenance company can help you avoid paying thousands of dollars in capital repair costs. Regular pool maintenance is the key to keeping repair costs down and can prevent the necessity of demolition.

Why a Pool Rental Property?

If you have an investment property, a well-maintained swimming pool can be a valuable attraction for desirable tenants and can be a deciding factor when two equivalent properties are being evaluated. Ohio’s long summers make a local swimming solution appealing. It’s important to consider cost, maintenance factors and tenant appeal when purchasing investment properties or considering replacement of in-ground or above-ground pools on residential rental sites.