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To Buy a Phoenix Rental Property with a Pool or to Not To Buy......


To Buy a Phoenix Rental Property with a Pool or to Not To Buy......





That is definitely an important question in the Phoenix rental market when summer temperatures often reach over 110 degrees!  Although there are several factors to consider in this posting we will take a look at the maintenance.  If your Phoenix rental property has a pool then the first thing you need to consider is who will be responsible for the weekly pool maintenance.  We always recommend that our property owners take on that cost to ensure that the pool is properly maintained.  There are two main reasons for this; first if the pool isn't well maintained the repairs can get extremely costly.  Second if you leave the pool services to the tenant they most likely will try to take care of the pool on their own rather than paying a pool service which again can lead to very costly repairs ultimately for the home owner.  The good news is that you can usually make up the cost for the monthly pool services with the rent.  On average in the Phoenix rental market, a house with a pool will garner approximately $100.00 more than a home without a pool and on average pool services in the Valley run between $80 - $100 so typically the two items are a wash.

Unfortunately, as the home owner you do need to budget for some typical pool expenses that occur outside of the routine weekly services.  Three such examples are:

Draining and refilling the pool to refresh the water. The usual indication for this is increased chemical requirements and aggressive algae buildup. When all your natural minerals in the water are depleted, it's time to change out the water.  Here in Phoenix, we have one of the worst water sources in the country with very high levels of calcium that damage the pool, pool equipment, and the various faucets and plumbing equipment both inside and outside your home.  The typical cost to drain and refill a pool is roughly $300-$500 and fortunately only needs to be done on average every 5-7 years.   
Changing out the pool filters and baskets Depending on your system, this will cost anywhere from $400-$1000 and happens every 4 to 8 years depending on the outside factors as described above. 
Cleaning the filters Depending on your pool equipment system, you may need to clean out the pool filters approximately every 6 months.  On average the cost is between $85 - $120 per clean out.
There are certainly perks to having a Phoenix rental with a pool.  During the spring/summer and fall months your rental property will be in high demand as all Phoenix residents look to escape the heat.  Additionally, when you are ready to sell your Phoenix home, your home value will certainly be higher with than without a pool.  In conclusion, when looking for your Phoenix rental home purchase be sure to way both the costs and benefits to determine which property is right for you.

RPMWV Phx has been offering full service Phoenix Real Estate & Phoenix Property Management services for over 20 years so let our experience assist you with your Phoenix rental needs.  623-748-78001 www.rpmwvphx.com

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