Swimming pools are spectacular features that transform your yard into a premium haven. Thus, pools improve the general aesthetics of your home. So, does this mean that pools add value to the home? Well, in most instances, installing a pool helps you raise your home’s market value. But sometimes, this may not be the case. It all depends on the pool type and design you choose to install.

Installing a Pool- Does a Pool Add Value To The Home?

How much value does installing a pool add to a home?

When installing a pool in your backyard, the value of your home is likely to rise. Nevertheless, this mainly applies to inground pools. Above-ground pools may not be able to raise the value of your property. In fact, experts usually report that above-ground pools tend to lower your home’s value. So, if you want to increase your property’s value, strictly settle for an inground pool.

On average, a swimming pool adds approximately 7% value to the home. However, this percentage can be more or less depending on various factors. Contrary to popular belief, pools only increase your property’s value by a smaller percentage. Therefore, you might never recover all your pool construction costs in the long run.

Typically, swimming pools cost about $30,000 to build. On the other hand, the average home value in the United States is $229,600. Subsequently, homeowners spend about 13% of their home value on installing a pool. In the long run, they can recover almost half this percentage. Ultimately, in most instances, it may not be possible to recover all the pool construction costs.

At the end of the day, the value of your home depends on several factors. Some areas generally don’t have a lot of pools. In such regions, properties experience a larger increase in value. Therefore, pool owners in such areas are more likely to recover their pool construction costs due to their unique value proposition. Additionally, if your property has high demand, you can raise the selling price and gain higher profits. On the flip side, if the pool is poorly maintained, the value of your home goes down. Since you won’t have so many interested buyers, you may be forced to sell the property at a throw-away price. Before selling your property, it is advisable to consult an expert to help you evaluate the value of your property. They will advise you on the necessary changes you need to make to your property. This way, you’ll be able to increase the value of your property before selling it.

Factoring in Ongoing Costs

When looking at the value, a pool adds to your home, it is crucial to consider several annual costs related to swimming pools. Remember, swimming pools are high maintenance. Therefore, you need to analyze all the lifetime costs that come with these stunning features before installation. Doing this will help you calculate the exact value added by the pool.

Annual maintenance

Every pool needs proper weekly maintenance. Maintaining a pool involves cleaning, conducting repairs, and replacements. Every week, you need to use certain chemicals to ensure you have balanced water chemistry. Also, it would be best if you kept on checking for any issues in the pool. When you identify worn-out pool equipment, you need to conduct all the necessary repairs. Pool professionals report that annual pool maintenance costs about $500 to $1,000. This cost varies based on your pool type and size. Your area’s climatic conditions also influence pool annual maintenance costs. Typically, warmer areas require more pool maintenance compared to cooler areas.

Professional pool services

At one point, you will have to employ a pool service professional to examine your pool. Pool service professionals constantly check for issues with your pool filter and pump. You may end up paying about $80 to $150 per month for professional pool services in most instances. Other service professionals charge up to $300; it depends on the services they provide.

Installing a Pool- Does a Pool Add Value To The Home?

Electricity costs

Pool equipment like pumps and filters always run using electricity. Thus, having a swimming pool significantly increases your electric bill. Your electric bill can rise by approximately $500 to $800 if you have a pool. Fortunately, there are specific pool systems that can help you cut down your electricity bills. Some include Ozone and UV systems. In addition, the pool circulatory systems keep the pool clean by using little energy.

Homeowners insurance

If you have a swimming pool, your home insurance is likely to go up. Remember, pools impose certain safety risks. Thus, you’ll have to pay more for insurance. Always ask your insurance company for a cheaper insurance plan that offers good coverage.

Final thoughts

Swimming pools add value to the home by approximately 7%. At times, you may never recover all the pool construction costs. So, always keep this information in mind when installing a pool. Moreover, note that swimming pools are expensive and can take a toll on your budget. Before constructing a pool, take time to analyze all your requirements.

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