BEFORE YOU TAKE THE PLUNGE, LEARN WHY YOU MIGHT REGRET BUYING A HOME WITH A POOL
It sure sounds inviting: Warm days spent with family and friends around a cool pool glistening in the summer sun. Impromptu parties where you’re serving chips and dip in-between taking a refreshing dip. Working on your tan in the privacy of your own backyard without battling for beach blanket space. But beware: Cons to owning a pool can outnumber the pros. Read on to find out about some of the biggest regrets homeowners with a pool might encounter.
Safety Risks From End To End
The statistics are sobering: According to the Consumer Product Safety Commission (CPSC), nearly 300 children under the age of five drown in backyard swimming pools every year. Many localities require a safety barrier to be installed around a residential pool as a means of preventing accidental drownings. Diving boards pose an additional risk because of injuries that can occur if a diver hits the board, side of the pool, or the pool bottom.
Increased Insurance Rates Could Spill Over Into Your Budget
Homeowners with pools face the potential for pool-related injuries or even death; as a result, insurance providers often consider pools “attractive nuisances.” You might want to consider increasing the liability coverage offered through your homeowners insurance policy and purchasing an umbrella policy for additional coverage.
Costs Can Run Deep For Routine Maintenance
Routine — and, yes, expensive — maintenance is required when your pool is in use. Experts recommend weekly pool cleanings in addition to checking that the pH level is controlled and that the water is neither too high in acid or too alkaline. The average cost to maintain a standard 14 x 28 foot pool is $125 per week. Services can include skimming the water’s surface, brushing pool walls, filter cleaning, and vacuuming the pool floor.
A Pool Can Cloud The Resale Value Of Your Home
The National Association of Realtors® (NAR) states that homeowners with pools saw only a 48% return on investment at resale. Backyard swimming pools have the potential to scare off potential buyers who don’t want to take on the additional work and expense of maintaining a pool; according to the most recent NAR remodeling report, a pool is the least appealing outdoor feature to home buyers.
The Kids May Grow Up And Move On But The Pool Costs Don’t Dip
By the time kids hit high school age, hanging out by the family pool might start to seem less than cool; your backyard hangout could seem more like a desert than an oasis. Although your pool might be getting much less use the maintenance fees and related costs can continue to add up. Removing a pool is possible but it comes at a price: Hiring a licensed engineer to permanently fill an average-size in-ground swimming pool can cost up to $5,000.