Thinking about adding a pool to your rental property? It’s an exciting option that can draw tenants and elevate your property’s appeal. While there are a few things to consider, the benefits can make it a worthwhile addition. Let’s dive into the reasons why a pool might just be the next big hit for your property.
Why Consider a Pool?
Draw in Tenants: a major draw for potential tenants.
Boost Your Property Value: A sparkling pool not only enhances your property’s aesthetic but can also significantly increase both rental rates and sale price.
Summer Perks: Pools provide a perfect oasis for tenants during the hot months, increasing their enjoyment and potentially extending their stay.
What Types of Pools Can You Go For?
In Ground Pools: Permanent and prestigious, these pools can significantly elevate your property’s value. They require an investment upfront but can pay dividends in tenant appeal and property valuation.
Above Ground Pools: More budget-friendly and flexible than in-ground pools, these can be installed with less hassle and are easier to remove if needed.
Things to Cheer About
Stay Legal Effortlessly: NSW rules ensure pool safety is top-notch, and adhering to these standards keeps your property safe and compliant. To read more about Pools in Rental properties NSW Fair Trading has advice here: https://www.fairtrading.nsw.gov.au/housing-and-property/building-and-renovating/pools-and-pool-safety/swimming-pools-and-spas
Insurance Check-Up: While adding a pool might adjust your insurance premiums, it protects your investment and offers peace of mind.
Maintenance Made Easy: Clear agreements in your lease make maintenance responsibilities straightforward, ensuring the pool remains an enjoyable feature of your property.
Essential Pool Compliance Certificate: Getting this certificate is straightforward and reassures everyone that your pool meets all safety standards. It’s a simple yet absolutely critical step that maintains safety and compliance.
Integrating Pool Maintenance in the Lease
Regular Upkeep Included: To simplify things and ensure the pool is always in top condition, consider including regular pool maintenance as part of the lease. This can cover routine cleaning, chemical checks, and seasonal preparations, reducing the burden on tenants and maintaining your property’s allure.
Even More Reasons to Love Your Pool
Worth the Investment: Consider the ongoing maintenance as part of your investment in attracting and retaining happy tenants.
Safety as a Priority: Regular maintenance and safety checks mean you provide a safe and fun environment, which is a big plus for families.
All Seasons Covered: Year-round maintenance ensures your pool is always ready for use, keeping it in prime condition for the warmer months.
Conclusion
Adding a pool to your NSW rental property is an enticing feature that can significantly enhance tenant satisfaction and property value. With some straightforward planning and compliance, it can be a seamless and highly rewarding addition. Whether you choose an in-ground or above-ground pool, it’s sure to make a splash.
