Is Demand For Pools Increasing or Decreasing in Las Vegas?
Washingtoner/10132892

LAS VEGAS - Washingtoner -- 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 Washingtoner

• Ritz-Carlton Residences Houston Generates Strong Early New Construction Sales at 2120 Post Oak Blvd
• No Sugar Baker Continues National Growth with Seattle Market Expansion Across Washington, Idaho, and Alaska
• The Refugee Archive Launches Campaign to Preserve 21 Female-Headed Household Oral Histories in Rebel-Controlled Goma
• Space Ambitions Expanding as New Testing Builds on NASA Results and Targets MEO, GEO and Next-Generation Orbital Markets: Ascent Solar Technologies
• FDA Path Clears, Manufacturing Ramps Up + $22.3 Million Strengthens the Balance Sheet; Inflection Point for NRx Pharmaceuticals (N A S D A Q: NRXP)

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 Washingtoner

• Buy Retatrutide Research Peptide: Why Reta Is Getting So Much Attention
• Stage 2 Burn Ban Order in Effect Across Tacoma
• San Diego Attorney Anthony Z. Vargas Narrows Practice to Employment Law, Representing Employees Only
• Spokane: Additional PPE Kits Available Tuesday and Thursday
• Solid Earth Introduces RealtyID, a Universal Identity Spine for the Real Estate Industry

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.