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Is Buying an Inground Swimming Pool a Good Investment?

Factors to Consider Before Buying Your Pool

One of the questions on the minds of prospective pool buyers is “Is this a good investment?” The answer to that is complicated and depends on a number of factors. First off, the most important thing to consider is that adding a pool will give your family a lot more options for entertaining and recreation without leaving home. Not all decisions are strictly financial. That being said, what really goes into what type of return you will get?

Appraisers will regularly throw out some percentage of the pool price that you can expect to get back when you sell. The problem with that is that they are working off of an average. In reality, it really depends who the buyer is, whether or not they want a pool, where you live and how much you spend on the pool relative to your home value.

If you put a $100,000 pool in the yard of a $300,000 home and you live in Wisconsin, you probably won’t get a great return, percentage-wise. However, if you put a $50,000 pool in the yard of a $500,000 home in Florida you’ll probably do pretty well for yourself. When it comes right down to it, a potential buyer looking at your home with a pool and the same home without a pool knows that if they want a pool they have to pay for it one way or another. To that buyer you might see close to 100% return. If they don’t want a pool then they’ll buy the house without it anyways.

Other factors to look at as you price out the pool are things like heaters, solar, salt vs chlorine, gunite (concrete) vs vinyl or fiberglass. These are all personal preference and depend on your budget and also your climate. A good heating system will extend your swimming season by a couple of months on each end and to a lot of people that’s very important.

Nowadays there are more options than we could even mention. That’s why it’s very important to work with a builder that’s reputable and up to date on all of the latest technology.

When it’s all said and done, buy the pool because you want the pool and as long as you don’t overdo it, you’ll definitely get years of enjoyment and also a decent return when you go to sell. Be smart, do your research and choose wisely.

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Disclaimer:

At Viking Capital, we try to provide accurate information on loans, credit scores and pool care, but it may not apply directly to your individual situation. We are not financial advisors and we recommend you consult with a financial professional before making any serious financial decisions. The content on poolloan.net is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor.

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