Is Demand For Pools Increasing or Decreasing in Las Vegas?
ncarol.com/10136350

LAS VEGAS - ncarol.com -- 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 ncarol.com

• Who Is KayeDinero? The Asheville Artist Also Builds Software and Trading Systems
• Leaping Cat Creative Takes Shape Around the Problems Nobody Quite Owns
• White Coat Financial Partners Announces Launch of Next Generation Practice Optimization Software
• Kerri Lawless Introduces New Home-Selling Option for Local Homeowners
• As Boone Takes Art to the Streets, KayeDinero Asks What Makes Creativity Human

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 ncarol.com

• FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
• Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
• Black Mountain Meets "Human Error": KayeDinero on What Technology Can't Reproduce
• As Brevard Heads Into Mountain Song Weekend, KayeDinero Brings a Different Kind of WNC Sound
• Why Did KayeDinero Put Haywood Road Into a Song?

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.