inground swimming pool

Pros and Cons of Owning a Swimming Pool

If you are thinking about buying a house with an inground swimming pool or having one  installed, chances are you are trying to gauge whether this will be a good investment.

Of course, in the summer when pool season is at its peak in the Midwest, your eyes - or more likely your kids’ eyes - may light up at the idea of having a pool right outside your door. But then you may start to think about the expenses and upkeep involved. You may wonder whether you should go ahead and get that house with the pool.

Here are some things to consider as you are making your choice.

Pros of Owning a Pool

  • You will be the cool family with the pool and everyone will want to come to your house. It’s true! Think about how often you went to spend hours with the friend whose house had a pool when you were a kid.
  • It’s the perfect place for parties. If you like to entertain and want your space to be open for people virtually all the time, it’s the perfect kind of investment for you. You can host kids’ birthday parties, keep your teens at home, and have a relaxing soak under the night sky any time you want.
  • It’s relaxing. You now have the perfect spot for a vacation-like atmosphere all the time. Especially if you integrate your pool with beautiful landscaping to make it look exotic.
  • It’s a perfect way to stay in shape. It can get laborious to gather up all your gear and your kids to go swim laps at the local pool, but if you have your own you can take a quick early-morning dip to stay fit almost every day without all that hassle.
  • Depending on what part of the country you live in, an outdoor pool may increase your home’s value.

Cons of Owning a Pool

  • The return on investment is not 100%. Houses with pools may be more expensive, but if you are the person installing the pool, be aware that you aren’t going to see all that money back when you sell your house. You have to have a bigger motivation than a return on investment.
  • Safety is an issue. We’ve all heard the horror stories of toddlers drowning in the backyard pool, so you will have to invest in security gates and pool covers and you will have to be vigilant. It also increases the cost of insuring your house because of all the people it attracts. You will want to be covered in the event of accidents, so secret pools are a big no-no.
  • Maintenance costs. Even if you are not the one building the pool, the expense of maintaining it is something to think about. You will need to keep it clean, repair it, and keep all surrounding areas like decks and gates under repair as well.
  • Your utility bills will go up. Obviously, this depends on how much you use your pool, but with all that extra water use, the pumps, and filters requiring energy you will be shelling out more every month in energy costs.

Takeaway

You may decide that having a pool makes the risks and financial costs worth it. However, it is a good idea to take stock of what building or acquiring a pool will involve so you won’t be surprised by what you’re taking on.