How Does a Swimming Pool Affect My Property Value?

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According to the latest statistics, there are around 5,000,000 inground swimming pools in America. This means that approximately 4 percent (or a quarter of all U.S. homes) have an inground pool.

Nothing beats a refreshing swim on a warm summer’s day. Even better, you won’t need to endure a hot vehicle ride to reach the pool.

Swimming Pool

Does a pool increase the value of your home? There are various answers to this question. Here are some responses regarding the relationship between home values and a swimming pool.

What is the cost of an in-ground swimming pool? Estimating the cost of pools can be challenging. You need to consider several factors because a pool alone is not enough. Fences, landscaping, and decking are also necessary.

You can install a small swimming pool for about $30,000. However, the true cost of a pool is usually closer to six figures.

Gunite is the most common material used to construct in-ground swimming pools. It is a mixture of cement and sand and is popular because it can be molded into any shape.

Other options include vinyl liners or fiberglass shells. Both are cheaper, but they don’t last nearly as long as gunite pools.

Extra Energy Costs: The heating system and filtration pump will increase your energy costs. Newer pumps are much more energy efficient than older ones, reducing operating costs. Expect to pay around $500 for the pump.

Gas heaters are a cost-effective option for installation and purchase, but their maintenance and operation costs are high. Electric heat pumps are more efficient and have lower operating costs.

Regular Maintenance: Regular maintenance and upkeep are also included in the costs of heating and filtering. You will need to regularly clean and sanitize the pool and its water. In a seasonal climate, you can expect to spend around $600 on pool maintenance. For pools used year-round, maintenance costs are approximately $25 per week.

Don’t Forget Your Insurance: Pools add an extra layer of liability to a household that does not have one. The additional insurance isn’t very expensive, costing about $30 more per year.

Home Value: Does a pool increase your home’s value after considering all these factors? The answer is both yes and no. Yes, if you live in a neighborhood where many homes have pools. Pools are a matter of personal choice, as some people love them while others view them as an inconvenience.

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