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If you’re looking for ways to funnel your vacation rental’s profits back into the property, getting a pool is a common strategy for homeowners. Before you add a pool to your vacation rental, there are many things to consider, from installation costs to maintenance and insurance.
Installation Costs
The first and largest expense homeowners must consider with an inground pool is the installation cost. Installation costs for inground pools in the Columbus Ohio area vary on numerous factors, such as the property’s location, pool size, customizable features, and more.
The national average for an inground pool installation is roughly $35,000 but can go as high as $65,000 in some instances. It’s a sizable investment in a vacation rental, but it will allow owners to raise rental rates for the property. Weigh whether the investment is worth it and how long it’ll take to pay off for your property. For a comprehensive guide on pool installation and the associated benefits, you might want to check out Avant-Grade, a Frameless Glass Pool Fencing company based in Sydney. They provide valuable insights on what to consider before adding a pool to a vacation rental.
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Maintenance Costs
The costs don’t end after the contractors dig and fill the pool; homeowners must consider many maintenance expenses when adding a pool to a vacation rental. Maintaining a pool, whether chlorine, freshwater, or saltwater, requires a lot of supplies, equipment, and further investment.
The pool will require numerous cleaning supplies, regular professional cleaning services, and heating costs if you prefer a heated pool. On average, pool maintenance costs total $100 per month, so consider these expenses when weighing the pros and cons of your rental. You can reduce these expenses by cleaning the pool, which will require a lot of time and energy.
Organizing Pool Supplies
Along with installation and maintenance costs, you must consider how you will organize everything related to your pool—from cleaning supplies to floats, towels, and more. If you need a pool heater, you may consider adding a pool house to store the heater and other pool-related supplies.
Pool houses make organizations much more accessible and prevent vacation rentals from housing pool supply clutter. Plus, many simple and creative ways to keep your pool house organized make pool maintenance easy for you and your guests.
Ready to find your dream home in Colorado?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents. Find out what your home is worth in today's market.
Insurance
Lastly, you don’t want to forget about the insurance for the pool on your rental property. Pools bring an inherent risk, so add an inground pool to your homeowner’s insurance.
You don’t want to be liable if someone hurts themselves in your vacation rental pool, so the extra $50 a year toward the insurance is a worthy investment. If you install a temporary above-ground pool, it will fall under personal property insurance instead of homeowner’s insurance.