A National Association of Realtors study says that swimming pools increase the value of a home an average of 8% or more depending on the type of swimming pool you install. Even though swimming pools are expensive, you will definitely increase the value of your home if you have one installed on your property. Swimming pools are an asset, and you will certainly get a higher price if you resell your home in the future.
What Are the Types of Swimming Pools That Can Increase the Value of Your Home?
There are many styles of swimming pools available on the market today. When talking about swimming pools, in-ground pools are the thing that normally comes to people’s minds. An in-ground pool is common, and it comes in all designs and shapes, and ranges from shallow to deep water. There’s no doubt that this type of pool can add value to your property.
Another type of pool that you can install on your property is an above ground pool. It is the best alternative to in-ground pools. As the name implies, it is installed above the ground. In-ground pools may look elegant and are typically deeper, but above ground pools can look nice and appealing by putting decks around them. This type of pool is not as deep when compared to in-ground pools, but it is enough to cool you off during hot days and nice to play around in.
How Much is the Average Cost of Pool to Build?
A concrete pool is the most popular type of swimming pool that you can have installed. A 20-foot by 40-foot swimming pool can cost you as little as $25,000 or as much as $50,000. However, this price range does not include the necessary costs such as safety gates, safety fences, and other necessary costs like lighting, decorating the deck and patio area, and landscaping. These things can double the cost of your swimming pool and its installation cost can be as much as $100,000.
What are the Advantages of Owning a Swimming Pool?
Having a swimming installed in your yard will increase the aesthetic value of the property and increase its value. In addition to that, you can host a lot of parties and activities in your swimming pool area. Your yard can be an entertainment center of your neighborhood, and kids love to swim in pools.
Private swimming pools provide you with instant access to cool down during hot days. Unlike public pools, you don’t need to fall in line and wait for your turn just to use the pool. If you have a pool at your house, you can access it anytime you want, and enjoy the privacy of cooling off at home.
What are the Things to Consider Before Installing a Pool at Your House?
The first thing that you need to consider before opting to install a swimming pool in your house is your budget. Swimming pools are pretty expensive, and it can cost tens of thousands of dollars. In addition, you also need to know if the pool will increase the aesthetic value of your home. You can contact your local contractor and seek advice about the type of pool that is best to install in your house.
Elizabeth Weintraub has written extensively about real estate and property values for About.com.