Deciding to buy or not to buy a home with a pool is a personal choice, but there are plenty of factors to look into, that will have a huge effect over the short and long term. These could include safety, insurance and maintenance costs, among others.
Without a doubt, a pool adds value to a home, but how in particular? Unfortunately, data is not abundant, but location plays a vital role. Therefore, to be sure, choose an area that will not hurt your cause, just in case you decide to sell your house in the future.
A pool boosts a home’s aesthetics and offers a place for entertainment and relaxation, but besides that, you need to look at many other variables before finally deciding to buy a home with a pool. For example, is the pool screened or enclosed, or is it heated or does it have any water features? How would you describe its general condition?
Generally speaking, if a home was valued at $125,000, a pool would cost you an extra $8,000 to $10,000. These is an estimate, of course, and it’s always best to check with a local appraiser for more accuracy. Know about listings updated every 15 minutes here!
Your largest pool expense will be the weekly maintenance, which is a must, though with many pool companies that charge $50 to $75 a month for servicing, this is usually not a problem. Other costs you need to consider are fencing, self-closing doors, pool suction devices, additional homeowners insurance, and safety alarms, among others.
Just as a home inspector inspects a home, a pool expert should inspect a pool. The two don’t mix, so don’t have a home inspector look at your pool. Watch https://www.youtube.com/watch?v=R_BjRn3jK0Y to gain more info about real estate.
Also, don’t hesitate to ask the seller which company they hired to service the pool. That company knows the actual condition of the pool, as well as the costs required to maintain it.
Knowing more about the pool helps you make a wiser decision as to whether or not you should buy the property. Most probably, the company would be glad to accommodate you too, as this would mean the account can continue.
Buying a home with a pool does not have to impact your mortgage qualification negatively. If anything, it could even help you sell more quickly. Homes with a pool typically attract more homebuyers, which means a faster Homes For Sale With Swimming Pools later on and even added value to the final sale.
Check with your local municipality as well to know the rules on home pool use (this is called a Certificate of Occupancy). Keep in mind that municipalities are always revising pool regulations, so don’t count on what you may have heard from a friend or read on the Internet.