Tress Realty Group
  • Home
  • Investors
  • Homeowners
    • Selling >
      • Sale Prices
    • Buying >
      • Land
      • New Jersey 55+
  • News
  • About
  • Contact
  • Send Out Cards

Pros and Cons of Buying a Home with a Pool

6/19/2015

0 Comments

 
Picture
You’re a buyer looking for a new home. You come across an amazing home, but it has a pool. What’s your reaction?

Chances are you react strongly either for a pool or against one. I’m currently in the market for a home, and I went in with a very strong opinion that I did NOT want a home with a pool. But then there are some really nice homes with some really nice pools that got me wondering whether or not I should change my mind.
Isn’t it costly to upkeep? Do I have time to maintain it? Doesn’t it depend on where you live? All these questions are running through my mind so I set out to talk to actual home owners with pools and several Coldwell Banker agents to help me determine the real pros and cons of buying a home with a pool.
Pro: You’re the Cool House
There is no monetary value associated with this, but there’s definite advantages to being the home people want to go to. A number of my friends who have pools talked about how it gave them piece of mind that they knew all their kids friends and what was going on because of the amount of time being spent at their house. Plus parties, birthdays, and backyard BBQ’s are always better when a pool is involved.
Con: It’s an added expense, but maybe not as much as you think.
Pool maintenance will become a new line item in your budget, but how much is it really going to cost you? A friend of mine remarked that they paid someone to open their pool in the spring and it cost about $400, but they soon realized they could probably do it themselves in the future for less than $100. John Houseman with Coldwell Banker Sunstar-Morris Realty in Florida remarked that upkeep on a pool can be as cheap as $40-$50 a month if you do it yourself. Pools will also add an additional liability insurance to your statement, but depending on where you live some pool owners remark that it was only an additional $10-$20 a month.
Pro: It’s a Selling Feature…For Pool People
The concern of a pool being a tough feature when it comes time to sell is really dependent on where you live. If you’re in California, Florida, Arizona or Texas, you’re going to have a ton of interested people. If you’re in Maine, North Dakota, Minnesota and Michigan, you might have a tougher time at resale. Some Coldwell Banker agents in warmer markets are seeing a $15,000-$20,000 increase in selling price for homes with pools, but agents in more seasonal markets find homes with pools often take longer to sell as you’re waiting for the right person.
Con: When Something Goes Wrong, It’s Gonna Hurt Your Wallet
Repairing a pool is a nightmare. Every person I talked to that had a leakage problem or a structural repair issue with their pool talked about it as if it was the worst experience ever. Homes with newer pools are the way to go, but even that is no guarantee. You’ll want a thorough inspection of the pool’s condition before moving on buying a home with one.
While determining the pros and cons of buying a home with a pool I also uncovered a number of tips for people who ultimately end up owning one:
Look at getting a salt water pool. It costs more upfront but your investment is made back after 2 years. Plus you’ll save on chemicals.
Put up a fence around the pool. Protects you from liabilities and helps you control who is going in the pool and at what times.
Solar panel heating of a pool is something to consider that might save you money over the course of the time you own your home.
Get a robotic pool cleaner to minimize the time you spend maintaining it.
My biggest takeaway is that buying a home with a pool is really dependent on where you live and the type of person you are. If you live in warmer climates, owning a pool makes perfect sense and the upkeep is not a budget breaker. Also if you have a family, especially with young children, owning a pool can be a great investment into the time you spend at home. However, if you’re in cooler climates and not a big swimmer, chances are you won’t value the emotional rewards from being a pool owner.
I would love to hear your thoughts on the pros and cons of buying a home with a pool in the comments.
From: blog.coldwellbanker.com by David Marine
0 Comments



Leave a Reply.


    Picture

    Tress Realty

    Tress Realty Group compiles some of the best real estate news, tips, and information for buyers, sellers and investors.

    Get started with your home search at www.TressHomes.com.

    Archives

    April 2020
    January 2019
    October 2018
    July 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    June 2013

    Categories

    All
    Chatham
    East-brunswick
    Fair Haven
    Glen Ridge
    Hoboken
    Home Sales
    Maplewood
    Millburn
    Montclair
    Ridgewood
    South Orange
    Summit
    Tress Homes

    RSS Feed

Home

Website disclaimer and copyright

​
Use of the information and data contained within this site or these pages is at your sole risk. If you rely on the information on this site you are responsible for ensuring by independent verification its accuracy, currency or completeness.  It is provided “as is” without express or implied warranty. 

Some properties which appear on this web-site may no longer be available because they are under contract, have been sold or are no longer being offered for sale.  Images uses for navigation may be for properties in different towns, and are not intended to be considered anything other than representative of the types of houses that may be found in a particular municipality.  All data and/or search facilities on this site are for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing.

Tress Realty Group cannot guarantee the accuracy of the IDX/MLS data created by outside parties. Tress Realty Group further assumes no responsibility for any misleading content or incorrectly listed information due to such negligence. All ancillary information presented on this web-site is not guaranteed and should be independently verified by the users of this site. Tress Realty Group makes no warranty, either expressed or implied, as to the accuracy of the data contained within or obtained from this web-site.

Tress Realty Group accepts no liability for any interference with or damage to a user’s computer, software or data occurring in connection with or relating to this Site or its use or any website linked to this site.  Further, Tress Realty Group has provided Hypertext links to a number of sites as a service only. This should NOT be taken as implying any link between us and those various organizations or individuals.

Disclaimer: this website may be supported by ads and participation in affiliate programs. We may earn a commission when you click our links. The information included in this post is for informational purposes only and should not be taken as legal or financial advice.

Site copyrighted by Tress Realty Group LLC  © 2016-2022, all rights reserved.
  • Home
  • Investors
  • Homeowners
    • Selling >
      • Sale Prices
    • Buying >
      • Land
      • New Jersey 55+
  • News
  • About
  • Contact
  • Send Out Cards