A backyard pool can provide hours of enjoyment during the summer. They can also really make a backyard look great. On the other hand if not landscaped they can turn into an eyesore.
In some regions, such as California and Texas, a swimming pool is considered
a staple part of home ownership. In Southern Ontario, due to the limited number of warm months, this large investment needs to be carefully analyzed before one jumps into it. Although more and more people around here are taking the plunge.
In-ground pools are pricey. The average cost ranges from $10,000 to $20,000 (a pool with a vinyl liner) to $60,000 to $70,000 (a gunite pool).
What other factors should a homeowner consider?
Firstly, one must be aware that most home buyers are averse to buying a
property with an in-ground pool. The primary reason for this is safety.
Many parents, especially those with young children, would prefer to avoid
any risks that are associated with in-ground pools. This is especially true
today with the ever-increasing media stories surrounding mishaps and pools.
Secondly, maintaining a pool can be quite an expensive proposition. Many
prospective buyers shy away for this very reason. Consequently, those who are contemplating purchasing a property with a pool should first familiarize themselves with
the costs of cleaning the pool, including the use of chemicals, and other
on-going maintenance costs.
It is worth noting that home insurance costs also increase with the addition
of an in-ground pool.
Furthermore, because your home will become the most popular one in the
neighbourhood, all necessary precautions should be taken to keep uninvited
guests away. You don’t want any misfortunes to happen in your backyard. (Also,
local by-laws maintain strict regulations about legal fence requirements
The general feeling in the marketplace is that when it comes time to sell
your home, pools are not generally considered assets. They really do not
add value to the home. (The exception is higher-end homes which typically
boast lavish pools and are situated on large lots).
For buyers who desire a swimming pool, financially speaking, it is best to
purchase a home that already has a pool because they are, generally, getting the pool for free or at a minimal cost.
Some of the following questions should be addressed before an in-ground pool
Do you have enough space in the backyard for a swimming pool?
Do you do a lot of entertaining?
How many years do you plan on staying in you the home?
How much can you afford to spend on a pool?
An in-ground pool can limit you resale value and the number of individuals
who will even consider your home. A high percentage of buyers are very specific in that they do not want a pool.
Of course, one compromise is to purchase an above-ground pool. They are a lot less expensive and can be easily dismantled come resale time or by subsequent buyers.
And what about hot tubs? Like a pool, the decision to invest in a hot tub
should be done solely for the purpose of enjoyment. However, unlike a pool,
hot tubs don’t greatly limit the number of potential buyers come resale
time. Hot tubs can, actually, improve the appeal of your home, especially in
Ontario where cool nights are a norm for most of the year. That’s because
hot tubs aren’t considered to pose as much of a threat to children as pools
do. (Covers are heavy and can come with child-proof locks.)
If you already live in a home and want to invest in a pool, it should be
clear that this investment will not be recouped. Remember: buy a pool for
your enjoyment but not as an investment.