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Don't miss the HBA Home &
Outdoor Living Show
April 12 - 14, 2024
Wilson Logistics Arena
Ozark Empire Fairgrounds
Springfield, MO

Should You Take the Plunge and Invest in a Pool?

Having a pool in the backyard can certainly make a splash during the summer, but you should do your homework before committing to such a large investment. The Wall Street Journal reports that an in-ground swimming pool can cost anywhere between $25,000 and $50,000.

Before breaking ground on your own pool and taking out a home equity loan to cover the cost, familiarize yourself with some of the advantages and the drawbacks of having a swimming pool.

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Advantages of Having a Swimming Pool

From being a place to stay cool during hot summer days to adding value to the property, a swimming pool may offer several benefits, including:

Add value to your property.

Depending on your geographic location, properties with swimming pools can often have higher values than similar homes without pools. For instance, Realtor.com suggests that homes in New Jersey with pools have a 2 percent higher overall value than those without pools, and this increase may be much greater in warmer climates.

Add exercise to your daily routine.

According to WebMD, swimming pools can make it easier for anyone to become more active. Swimming or treading water is not load bearing, which makes it easy on the knees and other joints, but it still burns calories and enhances your cardiovascular health.

A source of fun for children.

Kids and adults alike can benefit from the fun of a swimming pool. Children will still require adult supervision, but having a pool in the backyard means that parents may be able to save money and time by not needing to pay for a local pool membership or spend time driving to the beach on hot summer days.

A focal point for backyard entertaining.

If you entertain frequently, an outdoor pool can be the perfect place to host barbecues, cocktail hours or birthday parties.

Drawbacks to Having a Swimming Pool

There are also some possible drawbacks to investing in a swimming pool. It takes careful consideration to determine whether the pros outweigh the cons for your home.

May not be practical all year.

In sunny climates like Florida, California or Arizona, swimming pools retain practical value throughout the year. Elsewhere, however, they are typically only used during the summer.

Increased home insurance or property taxes.

According to Zillow, a swimming pool can increase your monthly home insurance costs due to higher safety risks. In addition, a pool may increase your annual property taxes.

Required maintenance and upkeep.

To keep a swimming pool at the right pH balance and to prevent algae from growing along the sides, it requires regular cleaning, chemical tests and filter replacements. Professional services can average up to $100 per month, according to reports from CNBC.

Possible Safety Concerns

Potential buyers may be less interested in your home if it has a pool. Seniors, families with young children or those with small pets may specifically search for houses that don’t have a swimming pool.

This post brought to you by U.S. Bank Home Mortgage

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