Is a swimming pool a worthwhile investment? Yes and no. Julie Sturgeon, a residential pool writer, and her family bought a home with an in-ground pool already in place. By valuing cost-efficiency and routine maintenance, they have yet to have made a mistake with it yet. Here are some things to think about that homeowners like Julie consider when it comes to pools.
Swimming pools have the potential to increase the market value of your home with returns averaging 15 and 20 percent. Balancing the cost and value of a swimming pool depends not only on the upkeep but also the location. Some areas will yield a higher investment than others. Be sure to do proper research of your area to see the weighted averages.
Consider how long you are going to be living in your home. Are all the repairs and maintenance costs worth it if you do not have long-term plans? It definitely is something that should be thought over because of the large financial and time investment involved.
Pools are definitely a hit with children. They also provide a space for entertainment but the appeal to adults may be a little lacking. There may be times where you do not use them for months but still pay to maintain it. This is a prime example of a negative cost to value comparison.
Don’t let these numbers turn you away from purchasing a pool. Many homeowners are living comfortably even with the addition of pool costs. If you have the income to manage the expenses and want to take advantage of the potential gains that can come from a pool, then it’s definitely worth taking a look at.
Bio: Realty ONE Group is headed by Kuba Jewgieniew. A former stock broker, Kuba entered the real estate market and was met with immediate success leading his firm to opening up new branches in Arizona and Nevada.