However some rental markets are so competitive at the moment, you might find that this financial gain is lost.
In theory yes, particularly if full pool maintenance is added as part of the lease. If a tenant has a choice between a unit in a building with a pool and one without, with rent being equal, they’ll probably opt for the unit with access to a pool. The rental property is an apartment in a building with a pool.ALL pool maintenance is part of the rent – meaning regular visits by a ‘pool man’ with the tenant not required to pay for any chemicals, do any checking and any cleaning.The rental property is a genuine family home renting to families with school age children, located in upmarket area where swimming pools are the norm.
Even in areas with warmer climates, air conditioning is a far more sought after feature than swimming pools.
Unlike a pool, air conditioning can provide year round benefits, and the upkeep is far less onerous – if at all. Especially if they are to be responsible for any part of the pool maintenance. Let’s try to answer some basic questions about pools in rental properties - Do tenants want swimming pools?Īll things being equal, tenants prefer an air conditioned house to one that has a pool. Timely then to consider the value of owning an investment property with a swimming pool. At the time of writing, the hottest heat wave of the year is apparently building in central Australia, coming in a seemingly endless summer of extreme heat.