Imagine it's 104 degrees outside and you want to cool off. What if all you had to do was step into your own backyard and go for a swim? Many homeowners dream of having a pool of their own, but you may be wondering if it’s worth it. Let’s go over the costs that come with having your own pool and whether it adds value to your property.
Installing an in-ground pool costs an average of $35,000. It can cost a little less, or quite a bit more, depending on the size, shape, and materials used.
Maintaining the pool can cost as much as $1800 per year. Those costs include regular maintenance to keep the pool clean and repairs.
Your homeowner's insurance will increase once you install a pool, and you may want to increase your liability coverage to $500,000, which can add about $30 a year to your insurance cost.
Does A Pool Add Value?
In a hot state like Arizona, a pool will add more value to your home than in cooler states where a pool is only useful for a few months of the year. A pool in the Valley generally increases your home value by $25,000 to $30,000, but that’s going to depend on other factors too. In more expensive neighborhoods where private pools are common, a pool is more likely to be a desirable feature and add more value.
Just like many other home features, a pool will be a must-have for some buyers and a deal-breaker for others. Families with young children may be concerned about safety. Others may not want to deal with the maintenance of a pool or liability costs. Yet in a luxury home, a pool is expected.
If you want to know just how much value a pool will add to your home, check with an appraiser. Get your home appraised as is and then as if it had a pool.
However, a pool is about more than just home value. If you dream of diving in for a refreshing swim whenever you want or keeping your kids cool and entertained all summer long, a pool may be worth it, even if the added home value doesn’t exceed the cost of installation. There’s value added to your quality of life, too.
Best Way To Build A Pool
If you’ve decided a pool is worth it, for the value-added to your home, to your life, or both, you’ll need to consult with a pro who can help you build the perfect pool for your backyard.
California Pools & Landscape is a local company that can build your backyard oasis from start to finish. They will work with you to create a custom design for your space and build your pool as well as any other outdoor features you want to add.
If the cost of installing an in-ground pool is more than you can budget for, or you like DIY projects, Build Your Own Pool can help you design your custom pool and help you every step of the way, from getting the proper permits to hiring contractors, saving you thousands of dollars.
In AZ, a pool is more likely to add more value to your home than in other areas, but ultimately it’s up to you to decide if it’s worth it. Connect with me today so I can help and give you input about upgrading your home.