Costs of Pool Ownership
In addition to the upfront cost of building the pool and remodeling the surrounding landscape, there are also ongoing costs to take into account. According to the Wall Street Journal and SwimmingPool.com, the costs of pool building are typically in the range of $25,000 to $50,000 for in-ground pools, and $2,500 to $7,500 for above-ground pools, depending on the size and design. Expect additional costs for decks, landscaping and other poolscape elements. You should also budget a few hundred dollars a year for chemicals to keep your pool clean and safe, plus up to $100 a month for the electricity to heat your pool and power the pump. You will also have occasional maintenance costs, such as the cost of replacing filters or repairing cracks in the lining.
Your Duties as a Pool Owner
Swimming pools also take time to maintain. Your primary concern will be keeping the pool clean by removing leaves and other debris and keeping the right balance of chemicals to clean the water without the unpleasant smell of chlorine. You will also need to erect and maintain a fence to keep kids, pets and others safe.
Benefits of Pool Ownership
Like all aspects of home ownership, owning a pool means making a commitment to spend time and money on maintenance. However, a pool also has many advantages. Swimming is a fantastic form of exercise, as it works all the major muscle groups without putting stress on your joints. Of course, taking a dip is also a great way to cool off in the summer months. If you are moving to a place with a hot climate, buying a home with a pool could provide a private oasis to escape the heat.
Investing in a Pool
Building a pool is an investment, not only in your health and happiness, but also in your property. According to a study by the National Association of Realtors, an in-ground swimming pool adds, on average, about 8% to the real estate value of a property. This could allow you to recoup some of the cost of building and maintaining the pool when you sell your home. In the meantime, you can enjoy relaxing and having fun in the sparkling blue water.