Monday, June 9, 2014

Pros & Cons of Owning a Pool


It's hot outside and you think to yourself it might be very nice to have a pool in your backyard. You think to yourself that it would probably be a nice addition to your home and that it could potentially add some value to your property if done correctly. We have compiled a list of Pro's and Con's so you can make a better decision:

Pros:

  • In a neighborhood that is full of houses with pools, not having one might make your house less desirable to a house that does
  • The weather here in Virginia will allow you to use the pool between three to six months per year depending on the weather
  • If you have a roomy yard this can definitely make a very much welcomed addition
Cons:
  • The cost of the pool. An in-ground pool can cost between $30k up to $100k depending on the additions and details that you decide to add to the pool. This is an investment that you may or may not see back once you decide to sell
  • You may limit the market that you are selling to. Families with small children might not like the idea of toddlers around pools but on the contrary families with older kids might be highly interested. 
  • Maintenance is an added expense for a pool. There can be heating, filtration, repairs and materials for preservation of your pool. These all add to your already existing bills. 
There are many other things to consider when thinking of getting a pool and looking at alternatives like above ground pools that are sold as kits. What you need to take away from this article is that you may not get the cost of your pool back when you sell your home, try to keep the cost of your pool around ten percent of the value of your home so that way if you don't see your money back it is not a huge loss. Think of a pool as an added luxury that not everyone will want.


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