A swimming pool can be a good investment if it is of the right size and you live in the right place — and if you’re willing to put in the time and maintenance effort to keep it in good shape. It’s important to carefully weigh the costs of installation and maintenance of a pool against the actual utility/value of the pool — which could be assessed in terms of how many months per year you get to use it. Here is more information to consider before you invest in this expensive addition to your home.
Swimming pools can increase the market value of your home, but you’ll probably be looking at returns of between 15 and 25 percent. That’s not a lot in resale value. It’s estimated that the cost to install a swimming pool averages between $5,000 and $12,800, depending on size, depth and accessories. This doesn’t even account for the cost of long-term maintenance, which includes chemical balancing, vacuuming and other care required to keep it in shape. In the end, you could be looking at an additional $250 for swimming pool maintenance every year. Is that worth the maximum 25 percent increase in home value you could get back?
Where You Live
if you live in a moderate climate where almost no one has a pool, your home is likely to attract fewer buyers when the time comes to sell. This could decrease the overall sale price of your home as a result. Pools are attractive in tropical climates with more hot months than cold — climates in which you’ll have two seasons rather than four. Buyers are also sometimes not interested in the maintenance and care that a pool requires.
Best-case scenarios in which your pool will add to your home investment are:
Everyone in your neighborhood has a pool.
You live in a tropical area.
Your yard has enough room for more landscaping or play areas in addition to the pool.
In short, your pool has the best shot of adding value to your home if you live in a hot, tropical area where neighboring homes have pools as well, whereas you might in fact end up with a negative ROI from installing a pool if you live in areas where there aren’t any pools in the neighborhood.
Imagine walking out your back door into a luxurious outdoor sanctuary that emulates a contemporary 5-star resort too good to be true? It’s all within reach, with decorative upgrades to transform your pool into a stunning resort-style retreat.
Make your pool come alive at night and create ambiance by installing dramatic pool lighting. Try incandescent lights for a soft yellow glow or colored LED lights for energy-efficient lighting. DMX-controlled light systems with colorful fiber-optic lighting can also create a dynamic light show in your backyard.
Use the fireplace to create a cozy and intimate space for an evening outdoor dinner or late-night socializing, a time when the pool shifts into the aesthetic backdrop. A fire feature or fireplace creates resort-like style and beautiful soft lighting.
Consider transforming one end of your pool into a beach / lagoon pool design. You can use stone, glass or ceramic tile or decorative concrete to build a pool wading ledge. Add and rock accents or waterfalls, and your backyard will feel more like an exotic escape in the tropics.
Outdoor Living Room
Every luxury resort provides lush lounging for world-class sun bathing and relaxation. Put some lounge chairs, an outdoor coffee table or even a cabana can create an upscale social space in your backyard.
Install a table with surround seating and an umbrella where guests can escape the sun and grab a drink without getting out of the pool. Use travertine pavers and glass tile mosaics for a contemporary look with a touch of simplicity.
Even though it is the dead of winter, this is the best time to plan for a pool installation. Who would have thought the winter months would be the best time to think about pools? Here are a few reasons you should start researching and contacting pool contractors today.
1. It’s Off- Season
Everyone wants a pool as soon as the summer heat rolls around, and that is when pool contractors get extremely busy. If you wait to plan for your pool until summer, you run the risk of scheduling issues. However, if you start planning and scheduling a pool installation now, you will get the first pick of dates you want your pool installed, and it will ensure that your pool will be ready to use before the first heat wave of summer.
2. Better Prices
Because the winter months are slower for pool professionals, you may be able to get a better price. Some professionals offer discounted rates for fall/winter months, so be sure to start planning at the latest in February to make sure you get discounted rates.
3. Easier to get permits
There are typically less construction projects in the winter, making permits easier to obtain. Even if there are delays in permit process, if you begin the process now you will have plenty of cushion time to make sure you will have your pool completed by the summer.
Most people like to have landscaping planned around a pool installation. If you complete a pool installation in winter or early spring, you can plan to do some spring landscaping around your newly finished pool. That way during the summer you can enjoy your pool and landscaped yard without having to do a landscaping project in the summer heat.