Hi,
I have an investment property in which the SPA gas heater has died. It is an outdoor 6 seater spa.
The existing setup i've been told is actually illegal because it uses an instantaneus flow system. The gas fitter said he would only fix if it was being rented out, otherwise he was liable.
A new gas heating system for the spa will cost $2500. In addition I will need to put a fence around the spa to make it completely legal.
The opinion I would like to know is,
1. Is it worth fixing up the spa heater and fence potentially costing $3000.. (I am afraid future tenants might not maintain it properly)?
2. how many $ a week extra rent can i expect with spa vs no spa IP.
3. Does a spa attract more tenants or less tenants.
My current tenant is very flexible and will prob not be too bothered if it works or doesn't.
My long term plan is to demolish and subdivide, rebuild in 5-10 years.
Any advice is appreciated as I've only owned this place for two years and I don't know too many property investors. 1st time poster also
I have an investment property in which the SPA gas heater has died. It is an outdoor 6 seater spa.
The existing setup i've been told is actually illegal because it uses an instantaneus flow system. The gas fitter said he would only fix if it was being rented out, otherwise he was liable.
A new gas heating system for the spa will cost $2500. In addition I will need to put a fence around the spa to make it completely legal.
The opinion I would like to know is,
1. Is it worth fixing up the spa heater and fence potentially costing $3000.. (I am afraid future tenants might not maintain it properly)?
2. how many $ a week extra rent can i expect with spa vs no spa IP.
3. Does a spa attract more tenants or less tenants.
My current tenant is very flexible and will prob not be too bothered if it works or doesn't.
My long term plan is to demolish and subdivide, rebuild in 5-10 years.
Any advice is appreciated as I've only owned this place for two years and I don't know too many property investors. 1st time poster also