Buying a Home With a Pool? What You Need to Know
Many people dream of owning their own pool instead of having to go to a community center or gym every time they want to go for a swim. Because of this, some people decide instead of installing the pool on their own, they’ll just buy a new home that already has one. Doing this can be great, especially for homeowners who love swimming and entertaining in the summer months. However, home buyers may need to know everything about what owning a pool entails, because it’s quite different than just using the pool at the local community center.
Home Inspections Don’t Cover Pools
Before a sale is official, buyers are always highly encouraged to hire a home inspector to look for problems in the home. While buyers would assume that pools are covered by the inspection, they very rarely ever are in actuality. When purchasing a home with a pool, the buyer will need to hire two inspectors: one for the home, and one for the pool. A certified pool builder is able to act as an inspector, and they will be able to test all the pool equipment, check the drainage, do pressure tests, and so on in order to make sure everything is working properly.
Pools Affect a Home’s Value
When buying a home with a pool, homeowners need to keep in mind that not everyone likes pools, which will affect the value of the home later on, for better or worse. In hot locations like Florida or Texas, people like having pools, and when it comes time to sell, having a pool can help drive the price higher. But in colder areas, buyers may see a home with a pool as a hassle that can only be used for a short time each year, which can drive the overall price of the home down. Of course, there will always be exceptions to this, and one interested buyer in a cold climate may be all it takes to increase the home’s price. Buyers just need to know before they commit to a home with a pool that it may be harder to sell later on because of it.
Pools Require Additional Costs
Owning a pool isn’t as simple as it may seem, as pools require a lot of upkeep. From replacement filters to chlorine, homeowners will need to ensure that they can cover all the extra costs that owning a pool presents. For example, here are some additional costs:
- Opening in the spring
- Closing in the fall
- Heating, if applicable
The average estimate for maintaining a pool every year is $1,200-1,800, and depending on where the home is located, heating alone can cost up to $3,600 a year.
In addition to normal maintenance costs, pools also have higher insurance rates due to being an "attractive nuisance”. This means they are something young children would want to play with that presents a high risk of injury or death, and pools share this name with things like trampolines, ponds, and construction equipment. They also may require a pool fence, so check with your local authorities.
For a Venice home buyer who loves swimming and water, buying a home with a pool can be a great investment. Pools are fun and present many opportunities to spend time with friends and family over the summer, but buyers need to understand all the work and costs that go into them before investing in one.