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| Buying Homes With Swimming Pools | ||
A lesson many pool owners learn the hard way is that proper pool maintenance is of primary importance. Of course, most pools are located outdoors, which makes taking care of them a bit easier, but you should also find out if your pool complies with state and local pool barrier laws regarding enhanced safety regulations.Who Buys Homes With Swimming Pools? When it comes to buying a home with a pool, most home buyers fall into one of three camps: • Home Buyers Who Won't Look at Homes Without a Pool For these buyers, a pool is paramount because a home is not a home without a pool. Pools are very popular in warm states, where they are used year round. • Home Buyers Who Won't Look at Homes With a Pool Buyers with small children are often concerned about accidental deaths by drowning. Some buyers don't want the upkeep or expense of a pool. • Home Buyers Who Never Thought About a Pool If the home has everything else a buyer desires but it also has a pool, these buyers may face a quick decision they hadn't anticipated. Some buy the house and fill the pool with rocks. Should You Buy a Home With a Pool? Studies show that most low-end and many middle-range buyers do not want a home with a pool. Higher-end homes are more likely to have pools, but some are never used. Some pools exist for decoration. If you enjoy swimming, then a pool might be right for you. But wisdom says buy a home with a pool only if you will use it. Otherwise, your sparkling pool could turn into an expensive pond for ducks. The Advantages of Owning a Home With a Pool • Many people believe pools increase the aesthetic value of their yard. • People who host a lot of parties utilize their pools as an entertainment center, and kids love pools. • Pools provide an easy way to instantly cool down on hot days. • Some people use swimming pools exclusively for in-water exercises and say pools add health benefits for them. • Swimming pools can bring added value at resale, especially in hot climates. Do Pools Add or Detract From the Value of a Home? Whether a pool adds value to a home depends on where you live. The National Association of Realtors says an in-ground pool adds about 7.7% more in value to the home's market value. However, if the climate is cold, the swimming pool makes no difference to the value of the house. http://homebuying.about.com |
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