Pros and Cons of Buying a Home with a Pool

beach break
Creative Commons License photo credit: andy_carter

Paradoxically, there is a considerable amount of enjoyment and expense involved in having a home with a pool, and there are many factors you should weigh before making a final decision. It can affect the value of your home positively or negatively, provide hours of fun for your friends and family, and is also a serious responsibility. Once you have a pool, your backyard can be transformed into an oasis, and if you live in a warm climate,, you can enhance the atmosphere further by adding some tropical greenery.

Having a pool also requires that you put a lot o effort and time into maintaining it, and your utility bills could increase sharply as well if you plan on heating it. For approximately $1,500 to $2,000 annually, you can hire someone to do the maintenance, or you can invest in a machine that you can use to clean it.

Be aware that your home insurance premiums will go up, because your carrier will be concerned about possible slip-and-fall accidents and drowning. You will be urged to carry $1 million in coverage and erect warning signs and fencing, which is usually required by local law to pass inspection.

Safety will be a particular concern if you have small children, and along with being vigilant, you might also want to purchase a pool cover or gate that is designed to protect them. We live in a society that is quick to sue, and you will suffer severe legal consequences if any adult or child is harmed when using your pool.

If you consider buying a home with a pool, be sure that that the pool has been well-maintained and that the concrete has not begun to buckle, which can be costly to repair. As a rule, a pool can add approximately 7.7% to a home?s value. In the southwest, where the weather is hot and dry, this figure rises to 11%, and in the mid-west, it decreases to 6% and the pool may attract fewer potential buyers as well. Note also that an above-ground pool can actually lower a home’s value by 1.9%.