Thursday, July 27, 2017

Pool Ownership: Good Idea, or a Money Pit?

When summer rolls around, most of us wish we had a pool in our backyards. However, there’s a lot to consider before you build your own pool. Pools can be costly, and I’m not just talking about the initial investment, but also the maintenance which they require.

Despite the cost, some people believe that pools are worth it. Here are some of the most common advantages and disadvantages of having a pool in your home.

Pool Ownership: Good Idea, or a Money Pit?

Durability

Once the pool has been built or installed, you need to maintain it regularly, just like any other part of your home or backyard. However, pools do have an ‘expiry date’ of sorts. The finish can crack and become damaged from age and exposure to chemicals or salt water. That’s when you need to consider resurfacing the pool. Even though it may be costly, pool resurfacing is only necessary once every 10 or more years if done right.

Fun

The primary reason anyone wants a pool in their backyard is all the fun you can have. Children especially enjoy pools and having one provides you countless hours of effortless fun in the summer.
Furthermore, pool parties are some of the most popular forms of entertainment for all generations. Young people enjoy loud music and swimming, whereas older people tend to enjoy just being near water with a nice dinner and some good wine.

Cooling

Having a pool right in the back yard can actually help you cool down even without dipping in. Large bodies of water tend to need more time to warm up, so they stay cool for longer in the summer heat. Just sitting in a backyard with a pool can be much more pleasant than the alternative. And ultimately, if it gets too hot, just take a swim.

Resale Value

When it comes to resale value, having a pool can be a two-edged sword. If you live in an area where backyard swimming pools are uncommon, this can deter potential buyers. People who are unfamiliar with pool ownership and maintenance may feel uncomfortable buying a house with a pool.
However, in areas where pools are common, like in the Sun Belt, having a pool is an asset. The majority of people enjoy pools and to some extent even expect one to be present.

Aesthetics

An important aspect in the decision to have a pool is that pools look amazing and they give the house an amazing aesthetic boost. If you add strategically placed lights and ornaments, your backyard can be completely transformed. Alternatively, you can create your own oasis of tranquility with selected plants complementing your pool.

Cost

The initial cost of the pool is not small, and it does require daily, monthly, and annual maintenance which just adds to the total. However, the matter of owning a pool is similar to owning a boat or any other pleasure and luxury. What you need to ask yourself is whether you can 1. Afford it 2. Find the time to use it and maintain it. If both of these are affirmative, nothing is stopping you from having your own pool.

Deciding whether to build a pool in your backyard involves weighing the advantages and disadvantages carefully. While pools offer enjoyment, cooling relief, and aesthetic appeal, they also come with significant costs and maintenance requirements.

One of the key considerations is durability, as pools require regular maintenance and may need resurfacing every decade or so. However, the fun and entertainment value of a pool, especially during summer months, cannot be understated. Pool parties and leisurely swims contribute to cherished memories and enjoyable moments with family and friends.

Additionally, pools can enhance the aesthetic appeal of your home, serving as a focal point for outdoor gatherings and relaxation. However, the impact on resale value varies depending on the region and buyer preferences.

Ultimately, the decision to invest in a pool depends on individual circumstances, including budget, time availability for maintenance, and personal preferences. While the initial cost and ongoing maintenance may seem daunting, for those who can afford it and are committed to its upkeep, a pool can provide a source of joy, relaxation, and social connection for years to come.

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