Real Estate Values - Adding a Swimming Pool

By
Real Estate Agent with DEAN Knows & Infinity Real Esate

Adding a Swimming Pool to your Home

 

Summer is officially here, and so is the heat. Naturally, summer heat brings the desire to cool off, and what better way to just that than plunging into your own sparkling blue swimming pool.

 

Now, before turning to your real estate agent and searching for that perfect pool property, there are several factors a homeowner must consider when comparing the decision to buy a home with a pool or create their very own customized water retreat by having a pool installed.

 

For this article, let's consider building a pool for your home.

 

In the early days, private pools were seen as a luxury, a symbol of wealth and power. It wasn't until the late 20th - early 21st century that they’ve become a mainstream staple of the American homeowner. Today, you see pools in the backyards of even beach cities.

Things to Consider

Before you call your local contractor and start digging, there are several things to consider before you put down the down payment.

 

Is your property suitable to be excavated for a swimming pool? Backyards often slope, have hills, or even poor soil. Lots that are leveled with healthy soil will be less expensive on construction costs and cut down on labor as well. You will want to check with the local utilities to make sure there are no underground pipes or electrical.

 

Placement is also key, you'll want to consider where the pool is placed in relation to the sun. Are there large trees in your lot that may block the sunshine? Does the sun set on your lot or in another direction? If the pool takes up a large portion of the back yard, you will want to review any setback restrictsions as you wont want build where its not permitted.

 

In many instances, you will need a permit, so you will want to look into aquiring the proper permits prior to get started.

Pool Materials

Homeowners have an endless variety to choose from when it comes to choosing the swimming pool materials to build with.

 

home with a pool The most common material used is poured concrete,commonly referred to as gunite or shotcrete pools.   There are almost no limitations to what can be built with a concrete pool. Because of the customization options, these can be the most expensive to build and are considered the most high end type of swimming pool.

 

Fiberglass pools are pre-made and ready to be placed directly in the ground. This type of pool is a very convenient option, as it can be customized to any shape and size. Note that it is one of the mort expensive option in terms of upfront costs.

 

Vinyl pools are also a great option. With vinyl pools, a vinyl liner is applied to a structure of wood, steel or polymer to create a smooth and flexible pool that is able to be customized and are among the cheapest to install. However, even with the utmost care, the vinyl liner will need to be replaced in the pool every few years.

 

Costs of Installing a Swiming Pool 

 

The costs of installing a swimming pool vary widely based on size, type, saline or chlorine and more. Many home improvement sites and companies outline several of the cost considerations involved for pool installations and estimate the price of materials for a basic concrete pool at $30,000 to $100,000, while other materials such as vinyl or fiberglass installations come closer to $20,000 to $60,000.

 

These estimates do not include extra features, such as lighting, slides or waterfalls. When considering having a pool built you'll also want to factor in the placement of a sidewalk or deck to surround the pool, and for the materials needed to cover a pool during the cooler months.

 

As for maintanince, you will want to consider approximatly $100 per month to purchase chemicals and other pool necessities.

Home Value

Now the number one question that most homeowners or buyers have is: will building a pool increase my property’s value? The answer is, of course!

 

The National Association of Realtors suggests that building a swimming pool could add a major boost to your home's sale price. It is important to remember that although adding a pool does bring addtinal value to your property, it will generally NOT offset the costs of installing a pool. You WILL take a hit.

 

There are several determining factors that will influence the amount of added value, however, in the long run, it may be a great option to consider, especially for owners looking to sell a home.

 

In conclusion, a nicely designed pool could add a beautiful ambiance to your yard, increase your property value and most importantly keep your family cool in the scorching summer heat.

 

 

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Dean Cacioppo

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