The idea of owning your own swimming pool is an appealing one for many people. Having somewhere to swim, hold parties and relax and make the most of good weather is certainly nothing to sniff at, and for people with children the benefits can be even greater. However, some people are put off by the thought that their pool is going to end up being a huge maintenance responsibility, the benefits of which will fade as the novelty wears off. For every family the situation is different, however if you are in two minds about whether to invest in adding a pool to your property, here are some things it is worth considering:
Work Out a Cost Per Use
One thing a lot of people do to work out how much value they’ll get out of their pool is to work out a rough cost per use. If you think, for example, that a pool will cost you $50,000 to install and around $3000 per year to maintain, and you and your children will use it four times a week for four months per year, perhaps for 15 years into the future, how much does that actually equate to per swim? Is it vastly more expensive than using other swimming options like a municipal pool or the ocean, and do you consider it a fair price for benefits like privacy and being able to let friends use it?
Is the Increase in Property Value Significant?
While a pool can undoubtedly add to the resale value of your home, this is often something people don’t really analyze properly when they are trying to decide whether or not to put one in. While your home may gain an equal amount in value to what you spend on the pool, whether or not you’d actually get that amount on top of your home’s value (with inflation) if you don’t sell for 20 years is hard to say, and a pool can actually be a turn off for some home buyers as much as it can be an appealing feature to others. Look at other similar homes to yours on the market in neighboring areas and see what kind of effect different types of pools have on property prices if you may sell in the next ten years. If you plan to stay in your home for far longer (for example if you have young children and won’t be likely to move before they leave home), the effect on property value is so hard to gauge that this probably shouldn’t be a huge factor in your decision. Consider value for money rather than the potential for future profit in this situation.
Safety and Insurance
Pools do represent a certain amount of risk, particularly if you plan to let neighbors, friends and family use yours. You will probably need to take some safety measures in terms of keeping the pool area secure (so children and pets from neighboring homes don’t find them tempting places to try and explore unsupervised) as well as making sure you are insured if anything happens to anyone using your pool. Even if you haven’t given permission for them to be there, someone who gets hurt using your pool (or worse) can present you with serious financial problems, as well as of course the bad feeling that an accident happened at your house.
Different kinds of pools need different pool supplies and maintenance, some of which you can take care of yourself, and others which will require professional help. Make sure you are clear on what needs to be done to keep the style of pool you are considering clean and usable in summer, and protected when not in use through the colder months. Factor these costs into any estimates you make regarding the price and value of having a pool.
This guest post is by Marshall Stinson, is a plumber who works with a company that deals with fasteners and other pool supplies. He is a passionate blogger and likes blogging about random topics affecting his life. He likes reading books and playing indoor games.