Home Swimming Pool
– On a hot summer day, nothing beats jumping into a pool to cool off. But, with a home swimming pool comes maintenance and up-keep expenses. There are pros and cons that go along with having a pool. For some homeowners, the pros may outweigh the cons. However, in some instances, a pool may be an overwhelming task to take care of on a regular basis. Many believe swimming pools don’t have a high return on investment unless you consider the fun and enjoyment that comes from owning a pool. Let’s break down some of the items that go along with home swimming pools.
Initial and Recurring Costs
Whether above ground or in ground, a pool requires a significant investment upfront to install. The initial cost to install a pool primarily depends on the area in which you live and the type of pool that you choose. Realize that there is a lifetime cost of ownership that is associated with having a pool. But, for most, this cost pales in comparison to the enjoyment they get from using the pool on a regular basis.
Homeowners have a variety of choices when looking at pool types which primarily range from concrete, fiberglass or a vinyl pool liner. Each has their own unique advantages and disadvantages. One can easily purchase a fiberglass pool shell to install or have installed. Homeowners that choose to install a pool by themselves can realize a pretty good cost savings. But, things can also go wrong often requiring the services of a professional. A concrete pool does require a much higher cost up front to install. Each type of pool has a different level and type of maintenance involved.
Sizes, shapes and types of pools vary widely. Typically, pools are classified into three primary size groups. Small is less than 27 feet, medium ranges between 28 to 34 feet and large is 35 feet and above. If you are thinking of installing a home swimming pool, be aware of the hidden costs that may be involved. You might get a reasonable quote for the installation of a swimming pool, but there may be more needed than meets the eye. A good rule of thumb is to add in between $5,000 to $15,000 depending on electrical work, pool accessories, patio type and fencing needed. Other elements can quickly add up if a retaining wall is required or a water feature is added.
Just because you have a pool installed doesn’t mean the cost stops there as a pool requires electricity and chemicals to run. Other expenses may include paying someone to skim and clean, vacuuming, chlorinating, installing new filters or pumps and resurfacing.
Repairs and Maintenance
Whether enlisting the routine services of a pool company to care for the pool or doing it yourself, proper maintenance is crucial to keeping a pool in good condition. To keep pool water balanced and to keep bacteria from forming in the pool, the chemical level should be checked weekly. The water level should also be continuously monitored as afternoon thunderstorms add in water or kids jumping into the pool take the water level down. Broken filters, heater issues, algae build up and green water are common problems that come with owning a swimming pool.
Parents with young children may think that a pool is a great outlet for fun, but also may have concerns over the safety hazards it imposes. There are a wide variety of pool safety products available on the market today to help mitigate safety hazards such as pool fencing, a specialized pool cover and other innovative items that help to increase safety around the home pool area.
Many homeowners make the mistake of thinking that a pool adds significant value to the home when in reality it’s usually a wash when it comes to the cost versus value added. In many warmer climates across the country, a swimming pool is expected of any family-size home. Whereas, in colder areas, a pool can be a tougher sell. But, if you want a home swimming pool, it is definitely worth the expense.
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ToneyRickPrincipalOffice179 Quincy StreetSuite DBrocktonMassachusettsMA02302United StatesReal Estate InvestingApril 14, 2016