Does a Swimming Pool Increase Home Value?
If you are a child, a swimming pool looks like a dream. We know you have been there in one of those summer days when the weather is hot and you want to cool down in the crystal-clear waters of your own swimming pool. There is no need in packing towels and sunscreens. You can just open your back door and the paradise is right here.
If you are an adult, an idea of adding a swimming pool to your backyard feels a little bit different. You will have to think about all the expenses associated with the installation of a swimming pool, as well as its maintenance. You will probably choose to add an above ground swimming pool such as Intex Ultra Frame Pool as it will cost you less and will require less maintenance. Nevertheless, there are many people who believe that adding a swimming pool can increase the value of a property. So is it true?
Though you are probably waiting for the positive answer, the truth is that adding a swimming pool will increase the value of your house just in case you are lucky enough.
You have to understand that adding a swimming pool requires money. You will have to spend about $30,000 on average to install the simplest in-ground pool. Furthermore, you will have to think about such safety measures as a fence that will cost you some extra money. Note that a swimming pool requires buying pool equipment, such as a pump, heater and some other things needed to maintain your pool in shape. Also, you will have to spend about $500 per visit of a professional who will open and close your pool for season. DIY maintenance will cost you about $15-25 per week and you will have to spend about $600 during the swimming season on chemicals. Also, you will have to check if your homeowners' insurance covers a swimming pool. Even if it does, it is still better to increase it just to be safe.
As the result, when you will get ready to sell your house, you will have to add all that to your price tag. It is the first thing that makes a home with a pool harder to sell. The second is that many people see a swimming pool as a liability rather than a luxury.
So if you decided to add a swimming pool to your home, do not try to consider it as an investment. It is important to understand that adding a pool becomes a great idea if you do it in order to increase your family's enjoyment of your home. Nevertheless, get ready to bear expenses or consider smaller options such as an above ground pool.