Is an inground swimming pool a good investment? If you’re yearning to turn your backyard into a luxurious space, installing an in-ground pool is a great idea! A pool is a great addition to any home and ultimately, may increase the value of your home.
Pools provide entertainment value and present a lavish lifestyle. Installing a pool means you will always have somewhere to relax, entertain, and have fun. However, there are a variety of factors that will impact the financial return of your investment.
How does a pool affect the resale value of your home?
Having an inground pool surges your social worth and enhances the resale value of your home. The most important thing that you need to consider is that a swimming pool can only increase your property value by 7%. However, this number is also dependent on several factors, including the size of the pool, the type of pool, your location, and the condition of your pool at the time of sale.
If you live in a warmer area and want to sell your house, potential buyers will notice your pool and realize it as a major asset. A well-kept pool always adds more value to your home, but a poor maintained pool would act as a deterrent.
What is the cost of installing a pool?
In order to determine if a pool is a worthwhile investment, you will have to evaluate your financial position and research the cost of the pool you wish to install. An in-ground pool ranges from approximately $10,000 to $45,000. The range will be higher if you want to build a bigger, more glamorous pool. You must also consider the cost of maintaining and running your pool on a yearly basis. Many homeowners spend up to $500 to $4000 every year on maintaining their pools and keeping them in a tip-top condition.
Will an inground pool increase my market value?
First, you will want to ensure that you are keeping your pool well-maintained after installing it. This will increase the lifespan of your pool along with your pool equipment, and pool liner. The return on your investment will present in the form of a higher resale price for your house.
When you sell your home with the pool, real estate agents indicate the added value that may be added to your home can range from 15% to 25%. You must keep your pool in tip-top condition if you want to increase the value of your home when selling.
Having a pool in your home comes with savings
Having a pool creates a tropical oasis in your own backyard. Instead of cooling off at the beach or at a pricey water park, you will have the luxury of beating the heat in your own backyard. Having a pool in your backyard is a great way to enjoy the summer with your friends, family, and loved ones without having to venture far from home. Installing a pool in your backyard is an excellent investment because you will be able to have fun all summer long at no additional cost.
Are you ready to install an inground pool?
Installing a pool is the best way to add value to your home, especially if you live in a hot, tropical area where your neighbors also have pools. However, you must consider that in order for your pool to be a good investment, you have to maintain it and enjoy it.
If you’re eager to get going on the installation process our team would be happy to chat. We offer an array of services that may be exactly what you’re looking for for your upcoming installation.