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How do Pools Affect the Value of Your Home?
By Jeff Lakie
If you're thinking about adding a pool to your home, carefully evaluate
your reason for taking the action. If you think that a pool will add value to
your home, check with a local appraiser first.
Many people think that any improvement they make to their home will
result in the value of the home increasing by that amount. In some cases,
you do get almost a dollar-for-dollar return. But in the case of pools, you'll
get only a fraction of the cost of installation.
If you're considering adding a pool, chances are that you and your family
love the water, love to swim and expect to spend many happy hours both
in the pool and at poolside. You probably envision pool parties and
barbecues, all with the family pool at the center of the activities.
Pools can be great for families with teenagers. Especially if you've worried
about your teens running with the wrong crowd, there's nothing like the
lure of a crystal blue pool to entice them to stay home. They'll usually
have friends along, but at least parents can keep a closer eye on them.
That's important and may in itself be enough to warrant the cost of the
pool.
Pools are also a great way to get exercise. Unlike running or jogging,
there's no impact on knees and ankles so you don't have to worry about
undue damage. There are other healthy benefits to using swimming as an
exercise routine.
All these are excellent reasons to install a pool, but remember that the
reasons you are considering a pool may are not shared by everyone. To
some people, pools in the backyard are nothing more than a liability.
The point of an appraisal is to arrive at a market value for your house and
property. Since not everyone will be excited about a pool, the market
value for homes with pools - even inground pools - isn't significantly higher
than the market value for homes without pools. That means that the value
of your home isn't going to increase nearly as much as the cost of
installing a pool.
So should you skip the pool? If your family will enjoy the pool and you
can afford it, go for it. The hours of enjoyment you're likely to get from the
pool is invaluable.
About the Author
Jeff Lakie is the founder of Swimming Pool Resources a website providing information on Swimming Pools
Article Source: http://www.simplysearch4it.com/article/10876.html
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