Each year thousands of families across America choose to invest in a home with a swimming pool. For some, it’s the fulfillment of a lifelong dream. For others, it’s the beginning of an expensive nightmare.

Many people want a pool because they truly enjoy swimming or relaxing on a float with a cold drink at hand. Pools are great fun and can be the setting for many lasting memories.

As we get older, lifting weights or logging miles on the hard asphalt becomes harder on our joints. Swimming has long been cited by leading fitness experts as one of the absolute best total body workouts. It is not only an excellent cardiovascular workout, but can build muscle and increase flexibility. With a pool of your own, there is no need to go to the gym.  Just step into your pool for a good fitness workout.

Homes with pools are particularly inviting, especially during hot summer months. So if you are a pool owner and you plan to sell your home in the future, the best time to distinguish your home from the competition is during the “pool season” when a functioning, crystal clear pool is most attractive.  While it is unlikely to allow you to sell your home for more than your pool-free neighbors, summertime is the best time to maximize its value unless you live in an area where a pool can be enjoyed for many more months.

Keep in mind that pools can be hazardous. Having a pool can be a liability. Especially when small children are around, it’s important that to maintain a watchful eye at all times.

Depending on the age and type of pool you have, pool maintenance can add significant annual cost. The expense of additional water, electricity, heating and chemicals, can easily add several thousands of dollars a year to expenses for something used primarily during the summer. So before you commit to pool ownership, make sure you are comfortable with the necessary maintenance expenditures.

On paper, installing a pool is actually a poor investment that’s unlikely to return the cost of installation. In most cases, appraisers add a third or less of the pool’s installation cost on an appraisal report.  So if you choose to install a pool or invest in a home with a pool, do it because you love to swim, you’ll enjoy the fun it can add for your family and friends and not because you want to increase the value of your home.

Choosing to buy a home with a pool is not a decision to make lightly. Make sure you weigh the pros and cons before you commit. Contact me today for a consultation. I will be happy to answer any questions you may, and/or help you find your dream home.

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Image courtesy of Coppell Pools/Flickr.com