Buying a new home is an important life moment, loaded with choices and the weighing up of pros and cons. One significant decision many buyers consider is whether to buy a home with a pool.
An aqua oasis can be alluring for many reasons—years of family-friendly fun, creating the envy of the neighbourhood or a personal health and fitness hub. While there are no doubt many long-term benefits, it’s also important to highlight what else comes with your brand new backyard addition – maintenance, the need to know and be compliant with the safety regulations and let’s not forget – the upfront and ongoing investment you will, and need to continue to make.
The Pros of Home Ownership With a Pool
- An Oasis in Your Backyard – A pool can be your private getaway, a calm space to relax and unwind. It’s also the perfect setting for entertainment, from poolside barbeques to family game nights under the stars.
- Aesthetic and Health Benefits – Pools add to the visual appeal of your home, providing a serene backdrop to your property. From a fitness perspective, swimming is a fantastic low-impact workout, and having a pool in your backyard makes staying active convenient.
A Competitive Edge in the Market – In some locations, a pool can be a significant selling point. According to HouseLogic, a pool can lift your home’s value by up to 7%, and homes with pools tend to spend less time on the market and sell at a premium.
The Cons of Home Ownership With a Pool
- The Financial Ripples – Initial installation costs and ongoing maintenance can quickly elevate the price tag of your home. Pools require regular cleaning, chemicals and upkeep to mitigate repairs which can add up over time.
- Safety Concerns – A pool requires vigilant safety measures, particularly when children are involved. These can include fences, covers, and alarms to prevent accidents, which adds to the yearly maintenance and cost.
- Limited Use in Certain Climates – If you’re purchasing a home in an area with a short summer season, you may find that the pool provides a limited window of enjoyment, and you may question if it’s worth the investment.
Factors to Consider for Current and Future Buyers
There are several factors to consider when buying a home with a pool. The existing condition of the pool and its equipment, the age of the pool, and the type of pool are all important.
- The Condition of the Pool – An old pool in poor repair could cost more to maintain than it’s worth. An inspection is crucial to ensure you’re making a sound investment.
- Type of Pool – Is the pool inground or above ground? Fiberglass, vinyl, or concrete? Each type has its own set of maintenance and cost considerations, as well as aesthetic differences.
- Future Selling Prospects – When evaluating the pool’s impact on property value, it’s important to consider who your future buyers might be and what they will value.