How To Install A Pool That Adds Value To Your Home
A home with an inground pool increases a property's market value. For most real estate buyers, the idea of owning a house with a designated pool area is a dream.
Amid the COVID-19 pandemic, the majority of Canadians sought homes with swimming pools as a way to have a sense of normalcy in life. A house with a pool implies a one-stop shop for all summer entertainment activities without leaving the comforts of one's home.
The choice to own a private pool depends on personal taste, budget, and lifestyle. It is indeed a major subjective decision from the maintenance up to the added cost of purchasing additional fixtures needed for the pool.
In Canada, the prime time use for most inground pools occurs from May to September. With that said, you are stuck with nine months of continuously maintaining the amenity without using it. However, all is not lost. There are ways to increase the property's market value and at the same time prolong pool use by just adding pool devices such as:
Swimming Pool Heaters
Adding a swimming pool heater increases the pool usage by a respectable margin. It allows pool owners to extend the swimming season while enjoying perfect water temperature every time. Many pool heaters are available in the market, from electric pool heaters to gas, solar, and heat pumps—the possibilities are endless.
Solar Blankets
A solar blanket is a more affordable option for retaining the pool's temperature conducive to swimming. It is designed to keep the pool's heat from escaping, thus extending the swimming season for a couple more weeks. The solar blankets cover the pool during cold days and are removed during the hot summer days.
Opt For An Indoor Pool
Pools are not only meant for the outdoors. Those who live in populated areas would like to keep their enjoyment private and concealed. Thus, indoor pools or jacuzzis make great real estate add-ons.
Having an indoor pool installed with water heaters is an enticing idea for prospective home buyers. It ensures that the water temperature is perfect all the time. It also eliminates weather-induced hindrances such as cold weather and rain to enjoy that occasional dip in the pool. It may come at an additional cost from installing insulation, non-slip and water-proof flooring, and a good ventilation system that annihilates moisture and steam build-up.
Key Takeaway
Homeowners need to take their time when it comes to planning a pool installed on their property. This is something that shouldn't be rushed. One must do deep research and consider the value it’ll add to their properties.
Owning a pool can be costly, with prices ranging from $20,000 to $30,000 with an additional maintenance cost of 10-15% of the initial pool cost per year. However, despite the potential downsides, having a pool has its advantage.
A house with a fully maintained pool can yield an average rate of return amounting to 10-40% of the lot's market value. Also, having a swimming pool sets the property apart from its neighbouring for-sale estates.