We're considering buying an inground pool. Is it considered an investment?
Question:We have been looking at prefab inground pools. We'll probably spend around $10000. Is it worth the money? If we try to sell our house 10 yrs down the road, would it be a detriment or helpful? We live in AR and it gets pretty hot here. Also, what types of pools are best? Fiberglass, Steel, polymer, etc. Thanks!
Answers:
Check and see how much it will raise your home owners insurance before you go through with whatever you get. Some folks overlook this and come to find out that their home owner's insurance will drop coverage on the property OR will raise their rates by 50 to 100% due to the extra liability involved with someone drowning or the pool leaking, etc. Good luck and I wish I had a pool regardless of what it adds to the property!
Pools are the worst possible improvement you can make in a home; they add NO value to your property, and old ones take reduce the value.
yes. buy it!
Fiberglass so you itch a lot, and its actually a very good investment until your wife drowns
that is a good investment. if you ever want to sell your house, the pool raises the value of it.
yea I say you can invest money cause houses with in ground pools usually cost 30-50 thousand more.
Yes it would be cool to have a pool and if you sell the house it would sell faster and for more, also I think you should look on a site that as alot of facts about the types of pools, some of them look nicer some of them hold up better.
10000 for an inground is unbelievably cheap, 20000 for a small one is more likely... No, you should not consider an inground pool as an investment that you will get back if you are considering selling. Buy an above ground if you want to move they are less expensive...
If the pool is in good condition when you sell, it will add to the value of the home. It needs to be kept in very good condition though. A poorly kept pool becomes and eye-sore very quickly. I'm not sure which would be best, though fiberglass or polymer may be the easiest to keep clean and pretty.
I think that the reason for buying a pool is to enjoy it. It might carry some value at the time you sell but not nearly what you paid for it. I don't think it would be a detriment as if someone didn't want it they could fill it in and sod over it. I have had a few different pools and I prefer Gunite and a high rate sand filter. This might be different in your area.
Hey I read an article on this. Gut reaction is that it is an investment but not always.
As you live in a warm area where it will get a lot of use it could be. Choose something easy to maintain and repair. Repairs are can be insanely expensive. Prospective homebuyer oftern don't want high maintenance or anything that needs repaired. Also there is the whole safety and liability so make sure you install a sturdy fence.
If you do that you should be ok.
DO not expect to get the entire amount back but it will increase your property value if you plan on living there for at least 10 more years I would go with either fiberglass or concrete the latter will be more expensive but it will last for ever
Yes ...the right kind of pool is an asset as long as it is properly maintained. Concrete is the best choice for material if you can afford it. Also the trend these days is to go with a salt water pool for cheaper maintenence and because the salt is much better on the skin than chlorine.
GL
I've seen this type of thing go both ways. Many buyers look on an in-ground pool as a big plus, where some buyers don't want to mess with a pool. You have to go with your personal preference right now and if I was in Arizona you can bet your butt I would have a pool. Then if you decide to sell, hope the real estate agent brings around the people that definitely want a pool. I don't have an inground pool myself so as to the "type" I can't help you there.
No, it adds no value to your home and detracts in resale. Now if you plan on this being your home forever I say buy it... If you get to old to take care of it or ever just get sick of it you can just fill it in.. You could also consider an above ground. Much cheaper, I was able to pay cash for mine and my kids love it just the same and I don't have to worry about little ones falling in at parties...
I dunno if I would get an in-ground pool if I were you. You get mice and other weird things in there. I used to have an above-ground pool and those were nice. if you get an in-ground pool, then you'll want to get a fence to put around it also to prevent any large animals or kids from falling into the pool. Good luck with everything.
Go for it. I am having one installed as we speak. I have an end-unit town house and am having an in-ground pool installed. It's considered a great investment, and my townhouse will be considered a rare find because of the inground pool. Fiberglass is what I'm getting. I am using this company: http://www.vikingpools.net/home.htm...
Good Luck!
This is just an opinion based on my own experience. I don't know if an in ground pool is an investment per se. I know that it's a pretty big expense to keep up with the chemicals and maintenance. I've had an in ground, gunite (cement and plaster) pool for the last 20 years. We got it when the kids were little and it got a lot of use and enjoyment. Then there was a lull and now my grandson loves it and it's used a lot again. From what I've heard, a pool does not add to the value of a home--though it might in AZ where you can probably use it all year. Get a pool if that's what your family wants. I can't comment on the prefab pools. Talk to your neighbors that have them. Have fun.
In most markets a pool is considered an investment. Here in Arizona it is, obviously I do not know about the arkansas market. And even then it can change in different areas of the state so your best bet is to contact a few realtors in YOUR direct area and ask their opinion they will tell you the truth and give you the BEST idea of what pool is best and if it is considered an investment in your market as that is the market you will be selling your home in. That is truly the best way to decide.
It's good you don't want an above ground pool because they do not add to the value even in a place like Arizona.
I am a real estate agent in both Florida and N.Y. Depending on the area you live will determine its worth. No matter what the cost of the pool will exceed it addition to the value of your home. The pool in Florida can cost $15000 but it still only adds $10,000 to your home value. N.Y the same cost will only add about $5000. It completely depends on your location and how much the purchaser will be able to use it. I will say that an inground pool does always add value. I would suggest you speak to friends and neighbors on which type is best for AR
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