Benchmark Realty GroupIf you want to enjoy some healthy exercise, beat the heat, or keep the kids entertained, adding an in-ground pool to your home might be a great option. Pools are popular upgrades for many homeowners, and it is easy to understand their appeal. When you have a pool at your home, you can host pool parties, swim whenever you like, and give up your expensive membership at the local swim club. But before you tear up the back yard and start pouring the concrete, you need to do some careful thinking. Pool ownership is a big decision with a lot of factors to consider long-term. Here are some key things to think about before adding an inground pool to your home.
Insurance Can Be Expensive: Swimming pools may be fun, but they can also be dangerous. Drowning is always a possibility wherever water is present, and pool owners need to take special precautions to keep their family members and neighborhood children safe.
Even if you follow all the local rules and regulations, fence your pool, and stay vigilant, your homeowner’s insurance policy will likely incur additional fees. Make sure you get a quote from your insurance company before installing your inground pool so there are no surprises later.
Routine Maintenance Adds Additional Expense: It is easy to dream of swimming in crystal clear waters, but that sparkling water comes at a cost. Keeping an inground pool ready for swimming is not cheap, and many new pool owners are unprepared for the expense.
From the cost of the chemicals and routine water testing to the cost of replacing torn liners and covers, pool ownership can put a serious dent in your wallet. Before you start digging, you need to be aware of and prepared for these high maintenance costs.
A Pool Could Decrease the Value of Your Home: Many people think that adding an inground pool will make their home more valuable, but the opposite could be true. In many parts of the country, having an inground pool actually decreases the value of the property, and that is definitely something to think about.
If you think you might sell your house down the line, it is important to do your homework before adding an inground pool. Talk to local real estate agents, research recent home sales, and try to get a feel for the impact a pool has on local property values. If homes with pools are routinely selling for higher prices, you may be able to justify the cost. If property values are decreased by that water-filled hole in the ground, you might want to hang onto your swim club membership a little longer.
It can be tempting to upgrade your home with an inground pool, especially if you love to swim, but make sure you educate yourself before taking the plunge. Pool ownership can be a costly endeavor, and the more you know, the easier it will be to make a wise decision.
