THINGS TO CONSIDER WHEN BUYING A HOME WITH A POOL

By
Real Estate Sales Representative with BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE
https://activerain.com/droplet/4Ztw

 

                     BUYING A HOME WITH A POOL?

pool-2Are you considering purchasing a home with an in-ground pool? Do you imagine hot, lazy afternoons, lounging by your pool with friends and family? Become an informed buyer, do your research, and ensure your real estate agent includes the appropriate clauses to protect you from unforeseen expenses on closing.

Unlike kitchen and bath renovations, or the addition of hardwood floors and crown moulding, a pool does not necessarily add value to the home equal to the cost of the pool. The fact is, that in most cases it adds little or no value to the home. Some buyers who view a home and love it, turn away from the purchase because of the existence of a pool. Your either love it and really want it, or you don’t.

Of course buying a home with a pool is much more appealing on a hot summer afternoon, rather in the cold dark days of winter. Often Sellers will display photos of the pool for perspective buyers as it appears during the summer months, to show it off at its best advantage.

If you are buying a home during the winter months, and the closing is set for the summer months after the pool has been opened, you need to insert clauses in your offer for protection from potential expenses. Ensure the pool will be opened by a professional pool company, and stipulate that in your offer. Ask that the paid invoice be left so you may take advantage of any guarantees or warranties in the event of problems. Also, request the Sellers have the pool company do a thorough inspection of the pool prior to closing date, and ask the Sellers to leave a certificate of inspection or similar from the pool company.

pool-3If the pool has a heater, ensure a clause is inserted in your offer whereby the sellers will warranty that it also will be in good working condition on closing date in addition to the chattels and fixtures. 

Ask the Seller about various aspects of the pool prior to preparing an offer if the information is not contained in the listing.

  • How old is the liner? How old is the pool?
  • Were any repairs done to the pool in the last year, if so, by whom?
  • Has the pool been opened and closed by a professional pool company?
  • If the pool has a diving board, is the pool at a safe and proper depth to accommodate that?
  • Is the pool completely fenced in?
  • How high is the fence, and does it comply with the by-laws of your city.
  • Is all the pool equipment staying on closing. Ensure this is stipulated in your Offer.
  • If there is concrete or tiles around the perimeter of the pool, look for any cracks or loose tiles as these could be the source of leaks and future problems.
  • Check the soil around the pool and pump for any signs of water saturation.

Ensure your real estate agent inserts a clause in your offer whereby the Seller guarantees that all chattels, fixtures and equipment are in good working order up to and including the day of closing. On closing day, after title has changed and you receive the keys to your home, go and check everything to ensure everything is in good working order. The sellers are responsible until midnight on the day of closing, so if there is something not quite right, call your real estate agent to notify him/her and a report will be made to the listing agent and request the seller remedy any deficiencies.

Pools can be a source of great pleasure and fun for both you and for family and friends.

Just make sure you do your due diligence before you take the plunge!

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Rainmaker
58,507
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

These are important considerations when a house has a pool.  I must say I love having an inground pool, but would not have bought a house with a pool or on a lake when my older daughters were young. 

Feb 09, 2017 06:17 AM #1
Rainmaker
576,879
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I would love to have a pool but we have such a short summer season, it would be too costly for me to have one installed... I would  however buy a home that already had one!

Feb 09, 2017 06:46 AM #2
Rainer
177,117
Cheryl Dukes . . . . . Intown Atlanta
Solid Source Realty, Inc. - Atlanta, GA

There are lots of things to consider when buying a home with a pool, both good and bad. Thanks for reminding homebuyers to do their due diligence.

Feb 09, 2017 08:20 AM #3
Rainmaker
795,128
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Buyers need protection when buying a pool and need to understand the risks if buying in the winter.Good post with an excellent explanation.

Feb 10, 2017 07:14 AM #4
Rainmaker
1,500,592
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

There's lots to think about when buying a home with a pool.  Lots of homework to do.

Feb 11, 2017 06:13 PM #5
Rainer
85,121
Eugene Kanciar
EKAN Home Inspection - West Vancouver, BC
Our Experience, Your Peace-of-Mind

Here in West Vancouver I do a lot of inspections of homes with pools. As part of the inspection team, I also include a pool maintenance technician to check out the pool and hot tub's mechanical room. Many times the condition of the pumps, filters, chemical treatment, maintenance log book and piping is a good indication of the seller's concern for upkeep and maintenance.    

Feb 13, 2017 06:32 AM #6
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Rainmaker
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Gloria Valvasori, Accredited Senior Agent

REAL Experience | REAL Commitment | REAL Results!
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