Inground pool has a torn vinyl liner

[eyemeasure]

This is a VA loan and I am curious how you would handle this. The inground pool has a torn vinyl liner. Of course, the pool is empty. The perimeter of the property is fenced in. In other situations with ammenities like this, the VA said that it is not a minimum property requirement. But an empty pool is a safety hazzard. The owner's said that the pool is getting a new liner next week.

Do I make the report subject to the installation of a new liner and filling up the pool, or subject to covering up the pool, or just note this in the report and make the report as is.

 

[CANative]

I'd probably put in a repair condition. I suppose it's a safety issue but it's also an adverse condition as for a marketability of the property.

 

[Alpine]

But an empty pool is a safety hazzard.

I'm not arguing the point, so please don't take offense to my post. Reading this with a simplistic head this morning, it occured to me that thousands of people have died from drowning in pools, but I can't recall ever reading about someone dying from falling into an empty one! Maybe a broken limb or concussion, but nothing in comparison to drowning. But we swim in GSE/HUD/VA waters, so yeah, what CAN-the-Man said...

 

[eyemeasure]

I just got off the phone with a VA staff appraiser. It is kind of what I thought. A pool is not a MPR. They said to give it no value due to the condition and not to make it subject to. They said that since it has a torn liner it could have other problems that cannot be seen. It is OK that it is empty, since I will not be giving it any value.

 

[CANative]

I guess it depends on who you talk to at VA/FHA.

Did you ask if you should make negative adjustments to homes with no hole in the backyard or with functional swimming pools?

 

[Michigan CG]

The cost of my pool was $30,000 years ago. My new liner cost me $3500 last year. The water to refill was $400.

 

[Mountain Man]

The cost of my pool was $30,000 years ago. My new liner cost me $3500 last year. The water to refill was $400.

Sounds reasonable, but still.... *shaking head* .... some of these questions on the forum lately.

 

[Mr Rex]

It's actually a reasonable question given FHA's stance:

13 NEW FAQ How should an empty or non-functioning in-ground swimming pool be treated? Does a swimming pool require perimeter fencing?

An empty swimming pool can pose a health and safety risk. At minimum,
swimming pools must comply with all local ordinances (perimeter fencing,
covers, etc.) and, if empty or non-functioning, the pool must be secured by a
cover that would be sufficiently sturdy to prevent a person from falling in the
pool or through the cover. Non-functioning pools (and related equipment)
which are not covered must be repaired. Swimming pools whose sides are
unstable must be repaired or removed and the surrounding land re-graded.
If adverse weather conditions prevent completion of required repairs, the
lender should follow the guidance provided in Chapter 4, Section 4.6.d in
Handbook 4155.2, Escrow of Funds for Completion of Construction.

 

[Digger88]

i dont know how an uncovered empty pool is NOT a hazard but a deck with no railing IS???

 

[Mr Rex]

i dont know how an uncovered empty pool is NOT a hazard but a deck with no railing IS???

Did you miss my prior post? Do you have me on ignore and this is why you post such manure?