When summer is in full swing, the sun is shining and the temperatures are high, there are few things that are as appealing as taking a nice long dip in your own, personal pool. In fact, pools are so appealing that many home buyers will actively look for properties that have an existing pool present. However, before you “dive in” to this type of purchase, you should ensure you understand all the advantages and disadvantages that go along with buying a house with a swimming pool.
Pros of Buying a Home with a Pool
There are a number of people who see homes with swimming pools attractive, which influences their home purchase significantly. Some of the advantages of purchasing a home with a pool include:
- Increase Home Resale Value: If you ever decide to resell your home, a pool can tack on several thousand dollars more than what you could receive without the pool.
- Add Entertainment to the Property: Besides increasing the property value, the main pro of having a pool on your property is that you can swim whenever you want to.
- Increase Physical Activity and Exercise: With obesity rates in both adults and children higher than ever, purchasing a home with a swimming pool can increase activity helping you and your family be healthier.
- Teach Kids to Swim: While no one can be completely drown-proof, when you have a pool on your property you can teach your children to swim and minimize the potential of an accident.
Cons of Purchasing a Home with a Pool
While pools are refreshing and appealing when you are trying to find a home to purchase, there are also a few drawbacks that you should consider.
- Attractive Nuisance: In insurance terms, a home with a pool is considered an “attractive nuisance.” This means people will come to play. This can increase your insurance premiums quite a bit.
- Drowning Risks: The number one cause of death among small children is drowning. If there is a pool on your property, it is crucial that you really think about it if you have small children.
- Maintenance and Upkeep: Pools require quite a bit of upkeep and maintenance in order to keep them swimmable. It can be a huge investment to keep your swimming pool in proper, clean condition.
- Loss of Lawn Space: If there is a pool on the property, there is a good chance that lawn space has been minimized. If you want a big yard, you may have to forgo the pool.
- Expenses to Secure the Pool: If you are going to have a pool on the property you need to ensure it is secure. This will incur additional costs.
It is important to carefully consider if a pool is right for your family. Considering the pros and cons can help you do this.
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