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Should we Invest in a Pool for our Home to Increase Property Value?

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By : marco benavides    99 or more times read
If your sole reason for putting an in-ground swimming pool in your backyard is to increase property value, then you will probably never recover the money you are going to spend putting it in and maintaining it. On average, in-ground swimming pools cost anywhere from $25,000 to $50,000, and they can cost considerably more, depending on how large you want your swimming pool to be, and the amenities that you would like your pool to have.

While nothing with swimming pools is really clear as far as how much value they can add to a property is concerned, the case against above-ground swimming pools is actually very clear. A study conducted by the National Real Estate Research Center determined that above-ground pools actually subtract 1.9% from the selling price of a home.

In ground pools can add value to your home if you are in an area where most of the homes have swimming pools. However, the value that will be added will be to bring it up to what other homes in the area are selling for. If homes in your area are selling for $375,000 with a swimming pool and yours would sell for $360,000 without one, it would not make much sense to put in a $25,000 swimming pool to raise the value by $15,000.

You should also consider how much use the pool is going to get before you put one in. If you are going to take a dip once a week, you really have to consider whether the money that you are going to spend on maintenance, cleaning and repairs is going to be worth that one weekly dip. Your house may look great with an in-ground pool in the backyard, but the view may not be worth the money that you are going to have to spend.

The money that you are going to spend on maintenance, cleaning and repairs can literally run several thousand dollars per season. It will be considerably more if it is heated, if you swim at night and how much lighting you have around the swimming pool. You can spend anywhere from $50 to $90 hiring a pool service to test and top off the water, add chemicals, skim leaves and other debris and do everything else that needs to be done.

If you are not careful about maintenance, you can even be fined in many areas if you allow your pool to get covered in algae. If you include a spa with your swimming pool, heating the spa can cost about $25 per dip, and that can add up very quickly too.

In essence, you should be ready to bear the expense of having a swimming pool in your backyard. If you have never had one, then you need to consider the safety implications, if you have children, and the additional costs. It may be that you and your family are avid swimmers and you are going to get infinite enjoyment out of your pool. If that is the reason why you want to put one in, then there can be no better reason to do so.
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