Owning a swimming pool is a luxury to some and a liability to others. Many people dream to have the convenience of a pool on those hot summer days. pool owners reap the benefits of pool parties, late night swims, water exercise etc. (need I go on). The question is, at what cost? It’s not a secret that owning a pool is a liability. How does this effect the value of your home?
Trying To Sell? Is your swimming pool a drawback or a feature? There is not one answer fits all in this situation.
- What part of the U.S. do you live in? Areas such as Florida, Texas, Arizona, Nevada, and Southern California would be able to enjoy a pool year round. This would be an asset to your home. On the other hand, places such as Indiana, Ohio, and Nebraska having a backyard pool may be a drawback.
- Is your pool the only thing in your yard? Many people put in pools and forget about the green space. Having a backyard to kick the ball around is arguably more important to homeowners than having a pool.
- Do other homes in the neighborhood have pools? You might benefit from having a pool in your back yard if surrounding homes have them. This may indicate a demand for backyard pools in the neighborhood.
In the end, don’t look at adding a swimming pool to your back yard as an investment. Be sure to take all factors into account before spending thousands of dollars.