Wondering If It Is Time to Put in a Pool?
By Jessica Elgin
We are now in the heat of summer. Many people are starting to consider whether or not to put in a pool and how this would affect their home value. The questions isn’t as cut and dry as you would think. There are a couple factors to consider before you sink money into this renovation.
The size of your yard is going to be a determining factor in whether adding a pool will increase or decrease the value of your home. If the pool overpowers the yard, it’s going to detract from the aesthetics of the home and diminish its showing quality. Nobody wants to be able to jump from the patio door into the pool. If you put in a pool, will there be a space for people to gather or sit that is inviting? Consider how the pool will be used. If a buyer looks in the yard and feels like it isn’t functional, it could actually cause you to lose a sale.
Neighborhood demographics are essential. If you are in a neighborhood that attracts young families, pool safety is going to be one of their biggest concerns. We’ve all heard too many stories of young children drowning in the family pool. Most families with young children won’t even consider a home that has a pool. This can dramatically affect the salability of your home and may actually cause your home to lose value.
If the location is good, there are other factors to consider.
- What style of pool will you be installing?
- What type of lining will you be using?
- What types of slides and structures do you want to use?
- What size and shape of pool will work best in the space you have chosen?
- Will you be using salt or chlorine?
These are all things that you should think about. Remember, the pool should be congruent with the overall appearance and value of your home. You do not want to be budget conscious in a luxury home. At the same time, you do not want an extravagant pool put into a modest neighborhood. Keep the feeling of the entire property consistent, and you will see a better return.
You must also realize that almost always the cost of putting in a pool is going to convert into the cost of enjoyment. If your house is a good candidate for a pool and you choose the correct size and style, you will only get about a fifty percent return on the cost of your pool.
Maintenance is another costly consideration. Determine if you would like to maintain the pool yourself or if you would like to have someone maintain it for you. Check out the prices prior to building!
If you are comfortable with how a pool fits with your property and with the associated costs, go for it! The summers are hot, and a pool can be a great place for your family and friends to congregate.
If you would like a list of pool builders and maintenance companies along with a full article on pool safety for young children, please visit our facebook page at Jessica Elgin–Red Rock Real Estate, or call our office at 435-414-1724. We would love to help you determine if putting a pool in your yard is right for your neighborhood and family.