Trending...
- Skool Alternatives Reddit: Skool vs Circle vs Whop - Did you join one yet?
- Cal State LA secures funding for two artificial intelligence projects from CSU
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
What impact is COVID having on new pool availability in Las Vegas?
LAS VEGAS - Californer -- As previously discussed by the Atlas Group LC and other leading real estate and pool contractor professionals in the Las Vegas rental and sales market, demand for new pools is continuing to rise at a rate of about 1.5% per year.
According to Ace Bedich, owner of Green O'Aces Pools and Landscape during an interview on Nevada's #1 Real Estate and Investment podcast, the French Workbench, currently in the Las Vegas market there is a shortage of building materials including steel, tile, and piping. Anything that the US was outsourcing is now in short supply. This shortage has caused pool prices to increase by as much as 8-10 percent.
Permits in Las Vegas used to take a day or two are now taking several weeks to get pulled. Part of this delay is because permit applications went online due to COVID and county and city employees are working from home. Building a pool in good times, normally took 3-4 months from beginning to end. Currently, with both material shortages as well as employee shortages and permit delays, pool construction has been pushed back to an average of 5 to 6 months.
More on The Californer
Pool prices have been steadily increasing as well. The odds of totally recouping your initial investment in a pool when you sell is next to impossible. Buying a pool is a lifestyle choice and not a practical real estate investment. On average, the total price paid for a pool will only equate to about a 30% increase in overall property value. Consequently, it is a better investment choice to buy a property with a pool as opposed to installing a pool after the purchase.
From a property management perspective, pools can be problematic. Depending on the size and location of the property, a pool will increase rents anywhere from $150 - $350 per month. Monthly pool maintenance will cost about $150 - $175 depending on pool size, services, and chemicals provided. Also there is additional costs for cleaning the pool filter at least twice a year. Above that you have repairs to the system along with filters to replace over time.
When you take these costs into consideration, along with the additional liability that comes with a pool, renting out a property with a pool can be challenging. In order to cut costs some owners opt to have the tenant maintain the pool. This can prove to be an even more expensive choice. Few tenants have the time, expertise or inclination to do what is continually required to maintain a pool. Using the tenant can lead to deferred maintenance and you could easily end up with a swamp instead of a pool.
More on The Californer
Be sure and subscribe to the French Workbench podcast hosted by Daniel French every Saturday for the most relevant housing updates. If you would like touch base with a property manager, call the Atlas Group LC at 702-916-2222. They would be happy to discuss any challenges you may be facing and there is never any obligation.
According to Ace Bedich, owner of Green O'Aces Pools and Landscape during an interview on Nevada's #1 Real Estate and Investment podcast, the French Workbench, currently in the Las Vegas market there is a shortage of building materials including steel, tile, and piping. Anything that the US was outsourcing is now in short supply. This shortage has caused pool prices to increase by as much as 8-10 percent.
Permits in Las Vegas used to take a day or two are now taking several weeks to get pulled. Part of this delay is because permit applications went online due to COVID and county and city employees are working from home. Building a pool in good times, normally took 3-4 months from beginning to end. Currently, with both material shortages as well as employee shortages and permit delays, pool construction has been pushed back to an average of 5 to 6 months.
More on The Californer
- California: Governor Newsom statement on the court temporarily blocking the Trump Administration's unlawful immigration tactics in the Los Angeles area
- Governor Newsom urges Californians to take precautions as state endures triple digit heat, smoky conditions
- Yvette Kendall Secures $6 Million Deal with The Sessions Studios for Horror Thriller, "NORTH"
- Buy The Crave Launches Premium Creatine and Natural Wellness Supplements for Modern Lifestyles
- Long Beach Parks, Recreation and Marine's Homeland Cultural Center Presents DanceFest at Cesar Chavez Park Amphitheater on August 16
Pool prices have been steadily increasing as well. The odds of totally recouping your initial investment in a pool when you sell is next to impossible. Buying a pool is a lifestyle choice and not a practical real estate investment. On average, the total price paid for a pool will only equate to about a 30% increase in overall property value. Consequently, it is a better investment choice to buy a property with a pool as opposed to installing a pool after the purchase.
From a property management perspective, pools can be problematic. Depending on the size and location of the property, a pool will increase rents anywhere from $150 - $350 per month. Monthly pool maintenance will cost about $150 - $175 depending on pool size, services, and chemicals provided. Also there is additional costs for cleaning the pool filter at least twice a year. Above that you have repairs to the system along with filters to replace over time.
When you take these costs into consideration, along with the additional liability that comes with a pool, renting out a property with a pool can be challenging. In order to cut costs some owners opt to have the tenant maintain the pool. This can prove to be an even more expensive choice. Few tenants have the time, expertise or inclination to do what is continually required to maintain a pool. Using the tenant can lead to deferred maintenance and you could easily end up with a swamp instead of a pool.
More on The Californer
- Sisu, a Portrait of Grit, Connection and Triumph, Premieres on Documentary Showcase
- New Liz Taylor Book Coming Soon: Chasing Elizabeth Taylor
- City of Long Beach Experienced a 4% Decrease in Fireworks-Related Reports on July 4
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- Wise Business Plans Launches Turnkey Startup Packages to Help Entrepreneurs Start and Scale
Be sure and subscribe to the French Workbench podcast hosted by Daniel French every Saturday for the most relevant housing updates. If you would like touch base with a property manager, call the Atlas Group LC at 702-916-2222. They would be happy to discuss any challenges you may be facing and there is never any obligation.
Source: Atlas Group LC
0 Comments
Latest on The Californer
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- First Partner highlights apprenticeship program helping underrepresented youth break into careers in California's iconic entertainment industry
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Cal State LA secures funding for two artificial intelligence projects from CSU
- Colbert Packaging Announces WBENC Recognition
- New Mobile Car Detailing Platform Connects Drivers with On-Demand Local Pros
- Over the past three months, California seized $476 million worth of unlicensed cannabis products
- California scores more clean energy records: 9 in 10 days this year partially powered by 100% clean energy
- "Mobile Suit Gundam" Takes Over San Diego Comic-Con 2025
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Hamilton Zanze Sponsors the Acquisition of Two Garden-Style Communities in Reno Area
- Meet a Scientologist Captures Greece's Timeless Beauty with Videographer Lambros Malamas
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- Moovs Launches Advanced Contact Center Solution for Large-Scale Transportation Operations
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Second Annual Artists' Rights Advocate Award to Be Presented at The Comedy Store on July 17th
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands