Are pools worth it?

Hi Ya'll, it's Carrington here. Hope every ones week has been fun filled, even if you've been sitting at a desk like me! :) The past few days I have been looking over construction forums/blogs and noticed a lot of topics this summer have been about pools. Pool up keep, pool repair, above or in ground pools but a re-accruing question has been are pools even worth it? If your looking to buy a home, should you narrow your search for houses with pools? Or, should you have one put in your backyard? Well, after reading a few articles I concluded that it all depends on how much money do you want to put in and get out.

Most people have the conception that having a pool is an investment that will add to their homes worth. This can be true, but the costs of having a pool end up being a lot more than what people expect. In a recent Wall Street Journal article (Taking a Bath on Your Pool by Brett Arends), experts estimated that pools can add $3,000-$5,000 in maintenance a year. And if something goes wrong, say the filters or pump need replaced, costs can quickly add up. For example, a pool that is five years old often needs a new filter or pump, which could cost an estimated $500, according to an MSNBC article (“Is It a Pool or Money Pit?” by Melinda Fulmer). A pool that needs to be resurfaced may cost $5,000-$10,000, depending on its size. And thinking about upgrading the tile, decking, or plaster? That could cost you up to $20,000, according to the article. And don’t forget initial installation fees too. Pool installation fees, which vary considerably, often range from about $25,000 to $50,000.

Taking into account all of the expenses, many financial advisers are telling buyers to take caution before jumping into pool ownership. In summary, adding a swimming pool should not be considered an financial investment.You CAN consider it a quality of life investment if you have the funds! The enjoyment using it on hot summer days with the family and friends sounds very appealing. You might not get money back from installing a pool, so take into consideration the costs involved in building and upkeep of pools before you decide!

 

Have a good weekend!

 

-Carrington Bartlett