One amenity that has the ability to generate a great deal of excitement and ensure that a new home will be a gathering place for friends and family is the swimming pool. However, there are a lot of added responsibilities that come with managing and maintaining a pool. Whether you’re a homebuyer looking at a property with a pool, or you’re a homeowner who is thinking of making a dynamic addition to their home, here are a few things to consider before getting a pool.
The Effects on Your ROI
Maintaining a swimming pool either means dedicating time or setting aside money to hire out for its upkeep. Due to the commitment, some homebuyers might be immediately turned off from any homes with a pool. Additionally, if the climate limits the use of a swimming pool throughout the year, or pools just aren’t as common in the neighborhood, chances of a strong return on investment for a new installation are further dampened. For these reasons, homeowners should go into the notion of installing a pool with expectation of a net neutral impact on their ROI.
The Costs of Installation and Maintenance
An in-ground pool will be substantially more expensive than an above-ground pool. While above-ground generally will cost a few thousand dollars, in-ground pools average around $35,000. From there, considerations for materials (either the customizable but more expensive concrete pools, or less customizable but more economical fiberglass), or added features such as lighting, fountains, and decking will add to overall costs. Homeowners should also be aware of the costs associated with maintenance. Some liners require replacement periodically, chemicals need to be balanced and safe for swimmers, and there are also costs associated with annual start-ups and shut-downs.
The Importance of a Pool Inspection
Pool inspectors check into local safety standards to determine whether a swimming pool is in operable condition or whether repairs are needed. For example, a common standard includes perimeter fences of at least 5-feet high with self-closing doors and automatic locks. Cracking and staining are also common in swimming pools. With an experienced pool inspector, these small issues can be pointed out and evaluated to determine whether they are signs of deeper, structural issues. Swimming pools can be an exciting addition to a home, but prospective buyers should have a realistic understanding of what pool ownership realistically looks like for them.