Everyone loves the idea of kicking back in the pool during the long hot summer months. But, for many, this is a luxury, not a necessity. It’s worth bearing in mind that if you are going to add something like a swimming pool to your property that you are aware of the facts. For many, they see it as an excellent way to make everlasting memories with the family. Others believe that by adding this kind of structure to their properties that they can make a serious return on investment.
So, can a swimming pool add value to your property? Or, should it just be used as a leisure pursuit for all of the family?
The Skinny on Swimming Pools
The swimming pool is a fantastic luxury to have on your home. Let’s face it; there is nothing better than taking a relaxing dip in the pool after a long day of work and play. But, a swimming pool is so much more than a ‘nice to have’ it can add serious cash onto your property. Many people believe that if they have a young family that adding a pool could be dangerous. But, this is not true. Ensure that you take out the necessary safety precautions.
Safety aspects aside, did you know that a pool can add considerable value to your property? Should you live in an affluent area, you could see a real investment when it comes to resale.
There are some things that you need to consider before you install a pool into your home.
The Cost of a Pool
The price of a pool can range between $10,000 and $100,000. Of course, this depends on the type, size and features that your pool has.
Value to Your Property
A Greensboro pool builder has stated that a swimming pool can add up to 15% on your property. Realtors all over the US say that if you live in an affluent and upscale part of town, you need to have a pool. Otherwise, your property will be valued less than those around you. With the current housing market recovering, now is a great time to consider your swimming pool options. By having a pool installed now, you are sure to see a fantastic return on investment when you come to sell.
Prior to Installation
Before you start excavating a hole in your property, you need to think about some other factors too. You need to ensure that you are using a reputable swimming pool builder. Without this, you could face financial implications and a pool that is not fit for purpose. You also need to check out the properties around you. Do they have swimming pools? If so, what kind? Are they indoor or outdoor? Try to keep in line with what your neighbors currently have, so that you can see the value added to your property.You also need to consider that people are paying less for houses. So, while you should never skimp on the price of a pool, you need to bear this in mind before you use your life savings to pay for it.
Of course, if you want a pool so that you can reap personal enjoyment, then there is no need to worry about these things. Ensure that you do all of your research to enjoy the financial benefits.