Tips for Buying a Home with a Pool
Deciding to buy or not to buy a home with a pool is a personal choice, but there are plenty of factors to look into, that will have a huge effect over the short and long term. These could include safety, insurance and maintenance costs, among others.
Without a doubt, a pool adds value to a home, but how in particular? Data is unfortunately scarce, but location is a big factor. Thus, to be absolutely sure, pick an area that will not hurt your cause, in the event that you decide to sell your property later on.
A pool enhances a home’s aesthetics and provides a place for relaxation and entertainment, but on top of that, you have to check out many other variables before actually deciding to purchase a home with a pool. For example, is the pool enclosed or screened, heated or equipped with water features? What general condition is it in?
A home valued at $125,000 would generally cost you an added $8,000 to $10,000 for a pool. Of course, this is but an estimate, and checking with a local appraiser is best for more accuracy.
Weekly maintenance will be your biggest pool expense, but considering the abundance of companies that can service the pool for $50 to $75 a month, this is rarely a problem. Among other costs you should consider are pool suction devices, , fencing, safety alarms, additional homeowners insurance, and self-closing doors.
A home inspector is to a home as a pool inspector is to a pool. The two don’t mix, so don’t have a home inspector look at your pool.
As well, don’t hesitate to ask the seller about the company that used to service the pool. That company knows the actual condition of the pool, as well as the costs required to maintain it.
The more you know about the pool, the better you can decide whether or not the home with the pool is worth the investment. Most probably, the company would be glad to accommodate you too, as this would mean the account can continue.
Your mortgage qualification need not suffer when you buy a home with a pool. If anything, it can even help you sell much faster in the future. Homes with a pool often appeal to more homebuyers, meaning a faster sale later on and even more value to the final sale.
You should also check your local municipality’s rules on home pool use (this is known as a Certificate of Occupancy). Take note that municipalities tend to change pool regulations every now and then, so don’t depend on what your friend says or what you might have read on a website.
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