Does your flip have an in-ground pool? Here are some thoughts regarding the pros and cons of real estate investment of a swimming pool. As you may have thought, the warmer the climate the better the investment. Below is an excerpt from https://www.thebalance.com/:
Do Pools Add or Detract From the Value of a Home?Whether a pool adds value to a home depends on where you live. According to the U.S. Consumer Product Safety Commission, the three most popular states for pool homes are California, Arizona, and Florida. The National Association of Realtors says an in-ground pool adds about 7.7 percent more in value to the home's market value. However, in colder climates, such as Minnesota, a pool may add no value at all.
Pam Erickson, a Realtor at Coldwell Banker Burnet in Eden Prairie, Minnesota, says, "We price the house as though the pool does not exist and hope it does not detract from the house. But it most always does. So I keep showing until that ONE buyer comes through."
Erickson says there is a growing segment of baby boomers who pass up buying a vacation home to invest in their own back-yard paradise. They install complete pool systems boasting waterfalls, hot tubs, climbing walls, and extensive landscaping. That's a lot of money for a pool, she says, especially in an area where pools are used three months out of the year. If you are looking to save for your own back-yard paradise make sure you’re getting the best rates.
105 Kenneth Ave, Warwick, RI