LAS VEGAS - nvtip -- 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 nvtip.com

• Georgia Plastic first to accept Cryptocurrency for Cosmetic Procedures in Georgia
• Wellsboro, Pennsylvania Named a Bird Town by The National Audubon Society
• Kansas City Area – Johnson County Real Estate Agent Promotes Promotes Homes to More Buyers for More Money
• GT Medical Technologies Wins Prestigious Innovator of the Year Award at the 2021 Governor's Celebration of Innovation
• Arizona Israel Technology Alliance Names Mara Pernick as CEO

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 nvtip.com

• 10:16 ET Smokey Robinson and Kenny "Babyface" Edmonds Honored with Appearances from Bruno Mars, Demi Lovato, Boyz II Men, Charlie Wilson and More at Keep Memory Alive's 25th Annual Power of Love® Gala
• The Money 2.0 Conference Announces Dates For Its Dubai 2022 Edition
• Wiley's Diversity in Tech Webinar Series Presents "Supporting Neurodiverse Talent in Tech"
• Detroit's Jackets for Jobs Turns the Tide on the 'Big Quit' and Toxic Workplaces Winning Best Place to Work 4 Years in A Row
• Emmy® award winning TV Journalist Harry Martin Exhibits Underwater Photos at Piermont Flywheel Gallery October 14th to 31st

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.