Certain features can make or break the value of your home, which is why it is very important to consider things carefully before renovating or adding elements to your house. Given these details, does having a swimming pool add to your house value?
Swimming pools may boost your house value, but this depends on certain factors. According to Dave Ramsey, the addition of a swimming pool at home must be done with caution.
According to Ramsey, several factors must be considered before finally deciding on whether to add a pool at home or not. This includes the cost of installing and maintaining one and its possible effects to your house's saleability.
The average cost of installing a pool alone starts at $30,000. Maintaining a pool, on the other hand, will depend on the usage, the size, and its location. If you use a pump and heater, this may already set you back $100 per month. Hiring someone to clean your pool costs $75 - $100 per hour.
Aside from the costly installation and maintenance, having a swimming pool can also ward off potential buyers because this is often seen as a liability. According to the publication, some families are not interested in having a pool at home, especially when they have kids at home.
A swimming pool, however, may add value to your home if you live in an area wherein pools can be enjoyed all-year long, such as those in Florida or Hawaii. It may also boost your house value if your entire neighborhood has one or if you are able to find a buyer who is looking for a house with a pool.
However, if you are just looking into installing a pool at home, Realty Times offered several tips on reducing the costs of building one.
According to the outlet, maintaining a pool can be done on your own and can eliminate unnecessary expenses. A pool heater may also be skipped for at least a season or more in order to gauge if you really need to have one or not.
