In many states, tax sales are an excellent way to invest in real estate. Tax sales can help real estate investors find diamonds in the rough, but they can also lead to major nightmares, especially when there is an inground pool on an abandoned property. Fortunately, companies that provide swimming pool restorations, such as After Hours Pool Service, can save the day. Here's what you need to know if you are interested in investing in a tax sale property that has an inground pool.
Wait until the redemption period is over
It's important to not start any renovations on any part of the home, and especially the pool, until after the redemption period is over. For example, in the state of Connecticut, previous homeowners may be able to redeem their homes for up to six months after the tax sale. Obviously, if you don't wait and the previous homeowner redeems, you would lose the money you invest through renovations.
Hire a soil engineer to inspect the area
Since you won't know the history of the home and wouldn't have an inspection done prior to purchase, it's important to hire a soil engineer before renovation the swimming pool. A soil engineer can analyze the structure of the soil, the subsurface conditions of the soil, and the drainage of the property.
He or she can also investigate the construction of the pool and any structures that surround it, and if any previous leaks from the pool had damaged the home's foundation. If any faults are discovered, the soil engineer will provide a list of solutions that should be carefully considered prior to started renovations on the swimming pool. If you have difficulty in finding a suitable soil engineer, contact your pool renovation contractor.
Consider upgrades for the pool renovation
If the pool appears to have been abandoned for quite some time, a complete overhaul will likely be necessary. Because of this, it's a good idea to consider several upgrades to increase the aesthetic appeal of the pool and to provide for easier usage of the pool. Perhaps incorporating a heating system into the mechanical design of the pool will allow you or future buyers to utilize the pool year round.
As always, it's important to keep safety first and foremost in your mind when choosing upgrades to install during the renovation. Non-slip surfaces are ideal and pool fencing may be a requirement. Your contractor will know what types of building codes need to be considered at the property's location.Share
6 September 2017
Last summer, I was walking in my swimming pool when I felt something sharp dig into my foot. I realized that a piece of sharp plaster had gotten knocked loose, and it created a large gash in the bottom of my heel. Fortunately, I was able to get to the doctor and get some stitches, but I was left worrying about my swimming pool. A friend of mine talked to me about hiring a professional pool contractor to repair the bottom of the pool, and I felt like it was a great idea. This blog talks all about the great ways that pool contractors can help, so that you aren't left worrying about injuries.