It seems as though summer weather becomes hotter and more unpleasant each year. Swimming pool owners can take a quick dip in the cool water after long days out and about in the heat. If you don’t have one in your backyard, you probably often wish you did when it’s especially hot outside. Not to mention, your children probably beg you to get a pool at least twice a week. After all, all the cool kids have pools. So, a swimming pool could potentially bring a lot of joy into your life. However, it’s a bit of a financial investment, and it’s also an investment in terms of time and effort. You have to find the right pool builders, and you have to be around the house during part of the construction process, which can be a hassle if you and your spouse work full-time. There are definite pros and cons to building a pool in your backyard. Here are some factors that may affect your decision to get a pool.
Having a swimming pool in your backyard means you can host summer pool parties, and your kids and their friends can have many hours of fun in the pool during summer vacation. A pool is definitely a social addition to your home. It will make your house more appealing to your friends, family, and your kids’ friends. A swimming pool won’t instantly turn you into the most popular family on the block, but it will enhance your social life in certain ways.
On the other hand, a pool in your backyard will mean that there’s less room for other activities. It will be more difficult to invite a large group of people over for a barbecue. They might not be able to fit in the yard. Additionally, if you have kids, there will be less room for them to run around in the yard with their friends.
The Affect on Property Value
According to the National Association of Realtors, a swimming pool can increase the value of your home by 8% to 15%. So, many homeowners who build pools in their backyards can actually increase the value of their homes slightly. Of course, it’s important to keep in mind that property values are always fluctuating, and your house usually will sell for about as much as other houses are selling for in your neighborhood at any given time, pool or no pool. Still, if you want a little more cash in your pocket when you sell your house, a pool will definitely help you achieve this goal.
It should be noted that it could cost around $30,000 to install an in-ground pool in your backyard. It’s unlikely that the pool would increase your house value enough to make up for this expense. If comparable houses in your neighborhood are selling for $200,000 without pools, and your house actually sells for $15% more because of the pool, you would just break even with a $30,000 gain. Ultimately, you shouldn’t invest in a pool and expect a significant financial payback in the future.
Pools can increase the aesthetic value of your home. They’re usually attractive and add some extra pizazz to an otherwise boring backyard. Who wants to sit outside, surrounded by a yard full of grass when they could sit outside beside a beautiful swimming pool? Things like waterfalls and the shape of the pool can make your backyard even more aesthetically pleasing. Kidney, octagon, oval, figure-eight, and L-shaped pools are generally considered more attractive than the more common rectangle shaped pool, and they usually don’t cost much more to build.
In short, a pool can enhance your social life, might increase the value of your home, and will definitely increase the visual appeal of your backyard. In the end, you just have to ask yourself how often you would actually use the pool, how much you enjoy swimming, and whether it’s truly worth the cost based on your personal financial situation.
About the Author: Ryan is a guest post blogger who writes about home remodeling.