Inground pools are a much more costly investment when compared to above ground pools however, they are much more appealing. In addition to offering a luxurious place to cool off, an inground pool has the potential to add a great deal of value to your home. Depending on your scenario and your intended lifestyle, investing in an inground pool can prove to be a great investment.
Cost value:
Knowing how much an inground pool costs is the first step in determining whether or not it makes sense for your lifestyle. A typical in-ground pool costs between $10,000 and $40,000 with larger more luxurious pools being at the higher end of the spectrum. In addition to the cost of the pool, you may have to account for additional expenses including heightened property taxes and liability insurance.
Market value:
Like any major home improvement, adding an inground pool to your property may increase the market value meaning your investment pays off in the long run.
Your investment pays out in the long run when you sell your house for more money. Your investment return is the difference between what your home sells for with and without the pool. The return on each house sale makes it challenging to determine a precise financial value for the difference. On the other hand, real estate agents say that the increased value might range from 15 to 25 percent.
Variable factors:
The return on your swimming pool is location dependent meaning it may only add value to your home if you reside within a certain geographical area. The absence of a swimming pool may serve as a major deterrent for potential buyers if you reside within a warm climate. The lack of a swimming pool may reduce your marketability. In a tropical environment or climate that is warm year year-round, a pool is obviously a much more sought after amenity.
When calculating your return on investment, you must also take the amount of money, time, and resources it takes to maintain your pool into consideration. An in ground pool’s financial value varies. As stated above, it’s largely dependent on your lifestyle and the intentions you have for your pool. If you plan on staying in your home long-term and use your pool frequently, your investment may be worthwhile.
What is the return on investment for an inground pool?
Estimates say that a swimming pool retains 15 to 25 percent of its original investment. However, there are many variables to consider including location and condition. If your pool is in good condition and well maintained, you may see a larger return on investment when you choose to flip your property than you would if your pool was old or not properly maintained.
For tips on maintaining your pool, consider contacting one of our experienced teammates. We would be happy to provide you with tips, tricks, and best practices for maintaining your pool.
How much does a inground pool cost?
The cost of your pool will largely depend on the material you opt for. Depending on what you choose, the cost may range. For an appropriate estimate based on your preferences, someone from our team would be happy to visit your property and weigh your options.
What is a good size swimming pool?
The size of your swimming pool largely depends on your intention. If you have a growing family or enjoy entertaining, you may want to choose a larger size that can accommodate your lifestyle. If you’re looking for a private oasis to accommodate yourself or you and your partner, you may want to choose a smaller, more quaint option.
Ready to install an inground pool?
Are you ready to build the backyard of your dreams? If you’ve been on the fence about whether or not you’re ready to install an inground pool, our team would be happy to lend a helping hand. Consider booking a call, or a consultation to start the process today.