Does adding a swimming pool increase your house’s value?

We all wish we had cool and crystal-clear swimming pools in our backyards, especially when summer bears it all out. The thought of having a good time in your swimming pool right in your backyard appeals to homeowners as well as prospective buyers. Despite the fact that adding a swimming pool and maintaining it is a capital-intensive project, some people do not mind as far as they can add it’s much-welcomed benefits of the features of their homes.

If you are a volleyball fan, for instance, you can play volleyball in your pool with your kids and have a lot of fun. Aside from playing volleyball in your pool with your kids, wife or friends, there are many other sporting activities you can enjoy in your pool. Pools not only add class to your building, it makes it even more beautiful. However, one has to consider the cost of installing and maintaining a swimming pool of his or her own? Frequently, people ask if having a swimming pool in your backyard adds to the value of your house and its impact on the propensity of house buyers to offer much more in order to acquire your property.

The answers to these questions depend on a number of factors, including the costs of installing and maintaining a swimming pool.

Installation of a swimming pool in your compound

According to experts, the average cost of having an in-ground pool installed in your house ranges between $35,000 and $65,000. Initial costs of concrete pools, vinyl pools, and fiberglass pools are on the average of $40,000, $30,000 and $28,250 respectively. Factors including the size of the pool contribute significantly to the cost of swimming pool installation.

Maintenance

More often than not, we do not pay proper attention to the maintenance cost of installing a swimming pool in our house or what it will cost to maintain the pool if we are buying a house with a swimming pool. This is typical of most people; we often do not have a proper plan for maintenance, which could make the experience go from really good to not so good or even distasteful in a short time.

Homeowners with swimming pools in their house pay between $1,200 and $1,800 in maintenance fees annually, according to experts. What is included in maintenance?

• Pool opening – This entails the removal of the cover, filter system reassembling, cleaning as well as testing of the water chemistry and refilling the pool with water. Home experts say this could cost upward of $300 especially in the case of a dirty pool that requires extra chemicals and labor. Pool closing and winterizing: this they say costs between $150 and $300.
• Monthly maintenance – This could cost up to $150 each month depending on the services you require. You will still not spend below a thousand dollars if you decided to maintain your pool yourself.

Insurance costs

Your home’s liability increases by the reason of having a swimming pool on your property which subsequently also raises the chance of paying more food insurance fees. Property litigation attorneys confirm the likelihood of higher insurance fees for homes with swimming pools because significant injuries can be sustained in or around the pool especially during summer.

Location

The value of having a swimming pool on your property is greatly impacted by the location of your home, especially when it comes to selling the home. In fact, this is the favorite factor of real estate experts. Location determines whether a swimming pool would just be a summer season extra or an all year beneficial asset which makes all the difference to buyers. Swimming pools are far from being just a luxury in warmer climate zones hence buyers offer more when acquiring properties that have one. This is also impacted by the presence of pools on surrounding properties. In this case, you must ensure the style of your pool does not only match your house but also the surrounding property. Another very good factor is to ensure the pool does not take up all the outer space on your property.

If you are considering the installation of a swimming pool on your property, it would be highly rewarding to get an appraiser to help you determine if having a pool will increase the value of your house. Usually, the appraiser will do a comparative analysis where he compares the current value of your home with the value if it were to have a swimming pool on it. If a swimming pool is considered to raise the value of your home, the appraiser informs you adequately on the kind of swimming pool that will be perfect for your home especially in terms of cost.

The question of whether having a swimming pool on your property increases the value of your house or not, is not a polar question. A lot of factors, as listed above, determine whether it does or not. Swimming pools are not necessary luxuries, as often cited, if it is perfect for your property and improves your life all year-round.