(Newswire.net — April 5, 2019) –It can be great to have a pool in your backyard, as it will not only improve the quality of your life but also increase the value of your property. On average, constructing an in-ground pool can cost up to $21,000 apart from the cost of land and fencing. In such a condition, it is justified to discuss the rate of return over the investment in constructing a swimming pool. The information provided in this write-up will help you to answer the question, “Is a pool a good investment?”

Is a Pool a Good Investment?

Desirability for a Home with a Swimming Pool in the Real Estate Market

In today’s real estate market, the desirability of a home with a swimming pool depends upon the demand of individual buyer as some of them wish to have one and some may not. Those who rule out the desirability of a swimming pool in their home may not have to take care of their pool or be afraid of the drowning incidents of their young children.

The desire of a swimming pool in a home can also depend on the state you live in. Domestic swimming pools are more desirable in hot states than cold states. They are less desirable in cold states because they can be used for a very limited time period.

Resale Value of the Constructed Swimming Pool

According to experts, the resale value of the constructed swimming pool may vary between 15 and 25% of the money invested initially. However, it can fluctuate on the basis of the condition and location of the pool.

The value of a swimming pool is directly affected by its location. The residual value of a pool in a southern state can increase by almost 5%. The condition of the pool and the materials used to build it can also affect the residual value of the pool. It can have more value if it is well maintained or is constructed by a reputable contractor. Thus, the residual value of your pool can increase by a few points on the basis of these things.

Additional Considerable Expenses

While considering the costs of constructing a swimming pool and calculating the return on investment, you should also consider some expenses additional to the upfront cost of $21,000. For instance, you will have to add fencing around the swimming pool to comply with the regulations set by local and state governments. Moreover, you will have to dig up your entire backyard to construct a swimming pool in your home. You will have to spend money on landscaping the surrounding of the pool to make it look more attractive.

The costs of annual maintenance of the pool are usually ignored by the homeowners while calculating the return of investment on it.

The cost of buying various types of chemicals like chlorine and shock, etc. to treat the water of the pool can be an additional cost for the beginners. There are two more expensive items to maintain in a swimming pool – the filter and the water pump of the pool that can increase its annual maintenance cost. The energy required for heating up the pool water and running the pool pump can also increase your utility bills.

Therefore, while determining the value added the cost of a swimming pool all these costs including additional costs should be included.

Bottom Line

So, is a pool a good investment? This all depends on your desire for a pool, if you want to increase the resale value of your home while shelling out funds to cover all of the expenses that a pool requires.