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Should You Take The Plunge And Install A Swimming Pool?

Is installing a swimming pool right for you and your family? Realtor Lauren Ridgely Swanson discusses the pros and cons....


With the summer heat at its peak, you may find yourself fantasizing about your very own swimming pool. As an experienced realtor, I have seen increased demand for homes with pools. Today's dual income trend in which both parents work can make for busy family life. Add children's busy schedules into the equation and fitting in quality family time becomes almost impossible.  Having built-in entertainment in the form of a pool allows family fun without leaving home. 

The real question is: Is a pool a good fit for your family, lifestyle, and budget?  Here are some things to consider before taking the plunge:

Pool options - Pools have a wide range of both materials and price:

- Gunite: A concrete material sprayed onto steel framework in the ground. This type of pool is long lasting, durable, and provides for many design options.  Average cost is $20,000-$50,000*. 

- Fiberglass: Pre-manufactured shell that is set into a level hole in your yard.  Many shapes and sizes are possible. Average cost $15,000-$30,000*.

- Vinyl: Outer frame covered with vinyl. Different shapes and colors are available.  Average cost is $10,000-$25,000*.

- Above Ground: These pools come in a ready-to-assemble kit. These are portable and can be moved. Average cost $1,500-$5,000*.

Other considerations- Some pros and cons to help make your decision:

- Party Central: Your home will become the place to be on hot days. This may be a pro and a con wrapped into one. It is great to know what your kids are up to all day, but you will also be responsible for any other children, not to mention feeding and cleaning up after them!

-Health & Fitness Benefits: You and your family will be burning calories swimming and playing together. Your children will likely develop great life-long swimming skills.

-Safety & Liability Concerns:  Proper fencing is required and there are optional pool alarms and other tactics for additional safety.

-Expenses: After the initial installation expense you will need to budget for fencing, a cover, equipment, and landscaping. 

-Maintenance: Ongoing maintenance expenses will include opening and closing the pool each season, cleaning, chemicals, heating, increased electric usage, and repairs.  On the other hand, if the alternative is to join a local pool club every year, you could save that cost if you had your own pool.  The total cost will depend on how much work you are able and willing to do yourself.

-Time: Each day you will need to give some attention to the pool- cleaning,
adding chemicals, checking filters, and of course playing lifeguard while any
children are present. 

-Resale: Will a pool increase or decrease your home’s value? This will depend on your location, lot size, lot layout, and other factors such as how long you plan on staying in your current home. I would be happy to come take a look to discuss resale potential. 

Stay cool! 

Lauren Ridgely Swanson

401-741-9448

www.TheRidgelyTeam.com

RE/MAX Professionals, EG

*Source: swimmingpoolideas.com



 

 







This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Tracy Moran July 19, 2012 at 12:38 AM
You should also check the impact of having a pool on your home owner's insurance rate, particularly if you want a diving board.

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