‍

Thinking of ways to set your rental property apart from the competition? How about considering a swimming pool! A water feature is an attractive addition that could certainly turn some heads. Just make sure you're prepared for all of the necessary maintenance and upkeep - otherwise, it's better not to have one at all!

When considering if a pool is the right addition to your rental property, it's important to go beyond just thinking about its potential value increase. Take into account factors such as health & safety implications on those living in or visiting the home, increased maintenance costs, and insurance complexities.

‍

Benefits and Disadvantages of Adding a Pool to a Rental Property

Benefits:

•Adding a pool to your rental property is an excellent way to ramp up luxury, but it's not just for show, tenants recognize that you have taken that extra step in providing comfort, so be prepared for higher-quality renters wanting a piece of this action who are willing to pay more attractive rates.

•Bring in some happy tenants! Not only will it provide them with a place for relaxation, by having access to a sweet swimming spot might just be enough reason for people to stick around longer and have a better relationship with you, win-win!

•With a swimming pool, you can instantly transform your rental property into an oasis! Not only will it make the place look more inviting to potential tenants but encourage existing ones to stay longer. It's also great for their well-being - after all, exercising in water is known to be very rejuvenating both physically and mentally. Give them something extra that they won't get anywhere else and keep those positive vibes flowing at home! Here is an article on the benefits of swimming

‍

Disadvantages:

•Aside from the sheer joy and pleasure a pool can bring to your rental, it’s important to consider just how much work and money goes into maintenance. From filters and chemicals for cleanliness to heating costs and repairs, keeping a swimming pool in top shape is no small feat and an unmaintained one will quickly turn off potential guests

•Adding a pool to your rental property might sound like an oasis in the desert, but don't let its allure delude you - it comes with some serious liabilities. Tenants, guests, pets, and strangers can all be exposed to danger from possible drowning or accidents such as slips and falls. Insurers understand this risk which is why they will inflate premiums for properties that boast a swimming pool!

•Building a pool it's no small financial risk! Dropping $50K on a swimming hole is definitely not for the faint of heart. Not only will higher rents mean fewer prospective tenants may take interest in your property, but some just won't want (or can afford) this kind of luxury living anyway.

Upgrading your rental property with a pool could be the perfect way to draw attention and add value, but as you saw, there are plenty of factors you need to consider first. Here is an article on Pools as an investment and how impact a House’s value