There is nothing better than hitting the pool on a hot summer day. If you’re tired of loading up the car and dealing with the crowds at your local pool, you may be thinking about building your own oasis on your property. There are many things to consider before you begin designing your pool, though. For example, how much will your pool cost? Will it maintain its value if you sell your home? Could it increase the value of your home?
Depending on the circumstances, your pool could end up increasing your home value. Here’s what the pool companies in Canton say you need to know.
- To determine if your pool will add value to your home, you first have to establish the cost. According to research, it costs more than $30,000 to build, install, and equip a 600-square foot pool. On top of that figure, you’ll also have to factor in ongoing costs. Your pump, heater, filter, and chemicals all need to be maintained monthly, if not weekly. You may also need to increase your liability insurance coverage just in case an accident occurs on your property. With the hefty price tag that comes with a pool, you may not always get a return on investment after building.
- In some markets, a pool is seen more as a liability rather than a selling point. In some areas, though, a pool could increase your home’s value by up to 7 percent. If you live in a higher-end neighborhood where many of your neighbors have pools, this could hold true. A pool may also boost the value of your home if you live in an area where a pool can be enjoyed all year long. If your pool is strategically placed and doesn’t take up the majority of your yard, it may also add to your property value. If you’re building your pool, take the time to design your pool in such a way that it will appeal to future buyers.
- Maintain your pool from day one. In the event that you do end up selling your home, you’ll need to sell your pool. Because not everyone wants a pool, you’ll need to make it look extra appealing. Stage it correctly and make sure that it has been well-maintained. It’s harder to sell a pool if your buyers believe they are inheriting problems from your poor maintenance habits. That’s why caring for your pool is so important. If you are unable to handle the maintenance needs of your pool and its surrounding area, consider hiring a company to do it for you. While this might cost you some extra money, it’s a great way to ensure that your pool adds value to your home in the long run.
So, will your pool add value to your home? Maybe! If you’re thinking about building swimming pools in Canton, it’s better to look at it as a lifestyle investment rather than a monetary investment. In some cases, it may increase your home’s value but that shouldn’t be the sole reason you build it. It will create memories and fun for you and your family, which, in the end, is priceless!