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Trulia Las V…, Other/Just Looking in Las Vegas, NV

Is buying a gorgeous home in Las Vegas that does not have a pool a good investment?

Asked by Trulia Las Vegas, Las Vegas, NV Mon Apr 1, 2013

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Trulia VIP David Cooper’s answer
The best Return on Investment is NOT gorgeous homes. I like bread and butter, where tenants stay for a long time, and if you buy a foreclosure or short sale at a good discount, you have the opportunity to flip it to a bigger market. Pools are a maintenance expense I don't want


David Cooper 702.499.7037
http://www.lasvegaswinner.org
0 votes Thank Flag Link Mon Apr 1, 2013
BEST ANSWER
When buying an investments you are buying numbers (business) not a house!!

There are few elements that investors are looking at when purchasing an investment property. The most important is
A. Location
B. No rent restrictions
C. Current market Value
D. Rehab Budget
E. How easy is it to find a tenant ( is there tenant in place?)
F. Monthly income and expense
G. Potential future market value increase
H. EXIT

If the investment property is within the guideline and happens to be GORGEOUS, it dose add to the desirability of the investor. purchasing an investment with a pool can be an added feature or a headache..it all depends on each individual views.

Base on my experience, properties in Las vegas, that re over 2,500 sqf and four bedrooms plus, will be selling faster at exit if they have a pool.

Rena Levy
Broker/Associate
Certified International Property Specialist
702-612-7099 Direct
cvegashomes@gmail.com
Realty Executives of Nevada
Web Reference: http://www.cvegashomes.com
0 votes Thank Flag Link Mon Apr 1, 2013
Good investment homes are 3+2 in middle class neighborhoods with a decent back year, where ROI of 10%+ are still available. David Cooper 702.499.7037 Investing in Las Vegas Since 1994
http://www.lasvegaswinner.org
0 votes Thank Flag Link Thu Apr 11, 2013
Not having a pool does not kill a good deal. In fact, if you are renting the home out a pool will most times kill your cash flow.

My 2 cents.


Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
0 votes Thank Flag Link Thu Apr 11, 2013
Yes, very much so. If you're buying to live in, buy the home that you want with or with out pool. It would be wise to purchase a "Pool Size Lot" so when you go to sell or some day want a pool, you or buyer can have one built to suit their needs. This would be the best way to go.
As an investment home...if you want to rent it out..we need nice homes with pools and you can charge accordingly. If there is no pool, buy a home in a community that has a pool with gate or guard gate to protect your investment. We specialize in Income/Investment Properties and also do property management if you want it. We've helped hundreds of investors and know this market very well. Please call any time and we'll give you more information. Thanks, Matt and Kim 702.501.0973
0 votes Thank Flag Link Mon Apr 1, 2013
Hello,

Any purchase in Las Vegas is a great investment! If you are using the property as a rental, I would either have some sort of insurance and/or have your renter obtain renter's insurance. A pool opens the door for a lot of liability.

Thanks,

Nakia Woodson
Wardley Real Estate
702-318-1244
NakiaWoodson@yahoo.com
0 votes Thank Flag Link Mon Apr 1, 2013
I would say if you are going to live in the property you may want to have a pool. If you are going to use the property as a rental then you most likely don't want a pool. There are so many Positives and just as many Negatives to having a pool. I have a pool that hardly gets used. There is a great deal of expense and maintenance costs to owning a pool. Now if you have children and you are purchasing a property to live in then a pool is great.
Thank You
Suzie Marquardt
702-234-7653
Fahrnyteam@yahoo.com
0 votes Thank Flag Link Mon Apr 1, 2013
A gorgeous property is still a gorgeous property. The price and location are major factors in determining a good investment. Not everyone here has a pool including high end properties. Pools require a lot of maintenance. A pool usually only adds about $5k to the value of the average home. Some people think the actual construction cost is added- not true.
0 votes Thank Flag Link Mon Apr 1, 2013
Which ever you decide upon, get a home inspection so you know what you are buying. Especially if there is a pool. There are safety issues that you need to be informed and familiarized with to protect your family and friends.
Visit my website for the link to information how you can prevent accidental drowning. Please contact me if you have any questions.

Lee Taylor
LVInspector@yahoo.com
702-616-6775
http://www.lasvegasinspector.com
0 votes Thank Flag Link Mon Apr 1, 2013
I see no problem in purchasing a home in Las Vegas without a pool. So many communities here have beautiful community pools and you will always make friends and have neighbors who have pools.

Some people have had pools all their adult lives and move to Vegas and just don't want the upkeep anymore There is nothing wrong with that.

Just remember when purchasing a home here or anyplace, LOCATION, LOCATION,LOCATION is the most important factor.

Good luck!! Becky
0 votes Thank Flag Link Mon Apr 1, 2013
I see no problem in purchasing a home in Las Vegas without a pool. So many communities here have beautiful community pools and you will always make friends and have neighbors who have pools.

Some people have had pools all their adult lives and move to Vegas and just don't want the upkeep anymore There is nothing wrong with that.

Just remember when purchasing a home here or anyplace, LOCATION, LOCATION,LOCATION is the most important factor.

Good luck!! Becky
0 votes Thank Flag Link Mon Apr 1, 2013
Depends entirely on price and what you consider gorgeous. People expect million dollar homes to have a pool.
0 votes Thank Flag Link Mon Apr 1, 2013
I would not consider it a bad investment.
You would think that a pool would be a must have in the middle of the desert but all home buyers do not fall into one catagory.
They are like snow flakes..each one is different...
Different tastes, needs and strategys.
There are many people who do not care for dealing with the maintenance of a pool.

Hank Lauzon III
Realtor

Exit Realty Number One
6600 W. Charleston #119
Las Vegas, Nv 89146

Cell 702-449-0899
Office 702-949-2409
Fax 702-543-6844

Web : http://www.HanksLVRealestate.com

Email: HankLVRealestate@aol.com

Facebook: http://www.Facebook.com/HanksLasVegasRealEstate

Never look down on anybody...unless you're helping them up.
0 votes Thank Flag Link Mon Apr 1, 2013
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