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Do Inground Pools Increase The Value Of A Home?
There has been a long-running debate whether inground pools will actually increase the value of your home or lower it. There are some things you need to consider before installing an inground pool.
What type of home are you matching the inground pool too? If you have a multi-million dollar home and you have a basic pool with a liner installed it’s probably going to hurt the value.
On the other hand, if you have a really inexpensive home and you put a very expensive gunite pool with spa, underwater lighting, and pebble tec finish you’re probably are not going to get anywhere near the value that you invested into having the pool installed. The pool may end up costing more than the house is worth.
The inground pool you have installed needs to be an appropriate pool for the type of home you live in.
You also need to consider the location of the pool. When you’re putting the pool in, the location needs to make sense. You want to try to appeal to a wider audience when you are undertaking a project that’s this expensive just in case you decide to sell your home down the road.
A good rule of thumb on the type of pool to install is the installation should be no more than 10% of the value of your home. This is not set in stone, of course, it just stands to reason that a very expensive pool on a less expensive house will never bring the return on investment should you decide to sell.
Some realtors claim that a pool will add value to a home by as much as $17,000 or more, while others in the profession, believe it is more in the $10,000 range. Based on tax appraisals, it appears that inground pool installations do add value, at least, to your tax base.
How Much Do Inground Pools Cost To Maintain
No one can tell you definitively how much it will cost to maintain a pool. Reason being is because they’re are both consistent and inconsistent parts to maintaining a pool.
Some of the consistent parts are things such as where to keep your chlorine and other chemical readings such as PH and akalinity. There are other variables that you also need to consider. What kind of filtration system do you have? Do you have sand or DE filter?
Running a DE is going to cost a little bit more than running a sand filter because you have to pay for the DE.
What kind of pump motor do you have? Do you have a 1/2 horse or full horse pump?
How much electricity is in your area, the kilowatts per hour?
If the one pool has heavy use compared to one that is used less frequently, the amount of chemicals put in the different pools will vary.
What we’re really trying to say here is that no one can say for sure how much it will cost for you to maintain a pool without taking into all the fixed and variable costs.
However, if we were to give you a ballpark figure you can expect to spend about $50 – $150 per month to maintain a residential pool. Your electric bill, we have not idea.
Here are some considerations for those deciding on whether to have an inground pool installed or not.
If you ever decide to sell your home you will encounter many potential buyers who are not interested in homes with pools for the following reasons:
- The potential buyers have small children and they’ve heard about as well as seen horror stories about small children who have drowned in pools.
- Pools occupy a lot of backyard real estate and the potential buyers have other ideas for their backyard that don’t include a pool.
- The potential buyer’s don’t swim and don’t want to pay for something they won’t be using.
- The potential buyer’s don’t want to pay the extra cost of maintaining a pool which would also include winterizing it.
On the other end of the spectrum, many potential buyers would love to have an inground pool that is already installed and are happy to pay more for the added luxury. These buyers tend to only look at homes with pools.
If your home is priced around the same price as other homes in the area without a pool your home becomes more marketable to people who are looking for homes with pools.
Not everyone, who wants to have a pool installed, is doing so with the hope of having the value of their home increased. They want a pool simply because of the enjoyment it will help create for their family and friends.
Do inground pools increase the value of your home? It depends, a pool company will give you a resounding “yes” if you ask them because they want the business but you must remember that pools appeal to certain buyers while turning others away.
You also have to consider the climate where you live. If you have very long Winter months and very short Summers, pools are not going to be a huge attraction to the majority of buyers.