All Topics / General Property / Spa value in Rental Proprty

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  • Profile photo of badjellybadjelly
    Participant
    @badjelly
    Join Date: 2011
    Post Count: 1

    Hi All, I am curently renovating my property to Rent,and have an outdoor spa that is not working,and was wondering if it would be worth fixing,can any body tell me what $ amount i would be able to ad on to rental amount per week for inclusion if it was working?
    Any advice would be appreciated.

    Profile photo of Michael 888Michael 888
    Participant
    @michael-888
    Join Date: 2005
    Post Count: 260

    Hi BJ

    Can't help you with a dollar value to increase the rent by.

    Unless it is a high end property you are renovating, for an IP, a spa is a liability. If it were me, I would get rid of it as even if it is in disrepair at start of lease, in some states you are obliged (as a landlord) to fix it and keep on fixing it just becuase it exists.

    Edit:

    Oh, and also be sure to check how it is impacted by any pool fencing regs in your state/territory.

    Profile photo of PaulliePaullie
    Member
    @paullie
    Join Date: 2009
    Post Count: 217

    x2, get rid of it.

Viewing 3 posts - 1 through 3 (of 3 total)

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