The Wilmington-area market, with its warm weather and coastal beach vibes seems to be the perfect location for a pool or hot tub.
But which one makes the most financial sense for a short-term rental host? The data might surprise you.
According to www.awning.com which is an up-and-coming data analytics company focused on the short-term rental industry, the hot tub just might be the way to go.
According the company’s data, properties in the Wilmington, NC market make $6,109 more per year than properties that don’t.
However, properties that have a hot tub make $6,766 more than properties that don’t.
And while the difference in cost is fairly small, the initial investment between a pool and a hot tub can be substantial.
For example, the average cost for a swimming pool is around $48,000, while the average cost for a hot tub is about $15,000.
Of course, it is possible to get an in-ground pool for $30,000 or so, and a hot tub for around $5,000, but the disparity in upfront costs is significant.
So is it worth it to get a pool or hot tub for your place? Let us know in the comments.
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