Do Swimming Pools Add Value to Your Home?

Adding a backyard amenity like a swimming pool to your property is a big decision, and one that should be well thought out in advance. While a beautiful backyard swimming pool can be the perfect location for a weekend hang, sit poolside and read, or even to get some daily laps in at home, before diving into the process of adding a pool to your home, there are several things to consider.

Home Value
If your property is big enough to accommodate a pool, you may be able to increase your home value by up to 7%. Beyond the financial incentive to do so, we also like to factor in a quality of life aspect to the equation. Swimming pools provide a mental and physical health boost to owners and the cost benefit analysis to install and upkeep one can often be justified by how much a pool can add to life’s enjoyment.

Average Cost
Depending on size, water features, amenities and the lay of your property, the average costs for installing an in-ground pool can vary. Typically, the range for a new pool build falls in the $28,000 to $45,00 depending on materials (concrete, vinyl, etc.).

Ongoing Maintenance
Another important item to consider when thinking about building a pool is the ongoing swimming pool maintenance that will need to be executed. Often this list includes opening your pool during the warmer months and closing it during the chilly season. Other tasks require not only time but equipment: testing and maintaining proper water chemistry, skimming debris, sweeping and vacuuming, cleaning filters and covering the pool.

Liability Costs
Last, but not least, one other thing that our team at Blue Water wanted to point out is that having a pool can change your home’s liability when it comes to insurance. We recommend talking to your current insurance company about increasing liability to factor this cost into your potential project.

Pool ownership can be a wonderful thing for improving quality of life and as a way to increase the value of your home. If you’d like to discuss the topic further, give our team a call at (480) 991-0302 as we are happy to lend our professional services and knowledge to your pool building dreams.