We Are Wondering If We Should Invest in a Pool For Our Home

by Pool Builders on 01-24-2010 in Articles

There are many people who are wondering if they should invest in a swimming pool for their home too. The fact is that there is no simple answer for those who are wondering whether to make such an investment. Whether your home should have a pool actually depends on the area where you live and the homes surrounding your home. It will also depend on whether you are expecting a good return on your investment, or if you want to put one in your backyard so that you and your family can enjoy it.

The fact is that if the homes surrounding your house have a swimming pool, then perhaps it would be better for your home to have a pool to bring it up to par with comparable homes in the area. On the other hand, an in-ground pool can cost anywhere from $25,000 to $50,000, and that is quite a sizable investment. On average, swimming pools can add about 7.7% to the value of a home.

If your home is worth $250,000 and you are going to add 7.7% to the value by putting in a swimming pool, that is about $19,000. If you pay $25,000 for the pool, you are not likely to recover the investment. In hotter areas, an in-ground swimming pool will add a bit more value, perhaps as much as 11%, it will be considerably less in cooler areas, perhaps as little as 6%. If you are trying to add value to your home, there are better ways to invest your money.

On the other hand, if you live in an area with high-priced homes, your home is almost expected to have a swimming pool. In other areas, people do not really expect a home to have a swimming pool, unless they are considering homes upwards of $1 million, which is why it is so difficult to determine the actual value that a swimming pool will add to a home.

In adding a swimming pool, you also have to factor in the considerable cost of maintaining it, conducting regular repairs and paying for the water, which can run several thousand dollars per year. Running the filter can add as much as $50 per month to your electricity bill, and that is not to mention if you swim at night, which will mean using lights and more electricity, and if you like heated water, which can add as much as $500 to your bill during a season.

When you factor in the cost of insurance, which can rise when you put in a pool, putting up a fence, warning signs and covering it, the costs can go up pretty quickly. Most insurance companies recommend that you carry a $1 million umbrella policy in addition to the other safety measure, some of which are even a requirement in some municipalities.

The first reason for putting in a swimming pool should be personal enjoyment, and that way the costs will simply be part of what you would be willing to pay to enjoy it. If you put the pool in as an investment, it may not be worth the money that you put into it.

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