Enjoy the Water

Living in Texas, hot summers are a given. If there is one way to draw us Texans out of our air-conditioned homes, besides football, is offering us water. We appreciate cool, refreshing water – be it in a lake or a pool – most of us will gladly jump in. 

Our home currently does not have a pool, however, we have been considering one for a couple of years now.  Pools are a major investment of time, money and responsibility so we are not making a hasty decision. 

We have the space for a pool, but are pools a good investment from a real estate perspective? In the Four Points area, approximately “50%” of all homes have pools. For resale purposes, a home with a pool compared to a home without, typically has a higher value.

When analyzing pools as a financial investment, it depends on the price point of your property. For example, a $500,000 house with a $50k pool would most likely be a good investment, especially when neighboring homes also have pools.  Yet a $350,000 house that puts in a $50k pool might see less of a return on its investment. Generally speaking, pools do not give a dollar per dollar return on investment when selling a home.

Timing wise, most people want to build their pool in the spring or early summer so that they can finish out the year swimming. I suggest building your pool in late summer or during the offseason when builders are less busy. You might be able to negotiate a better rate and construction will not be as rushed.

When planning a pool, here are a few ideas to think about:

  1. What is the purpose of your pool, for exercise or relaxation?
  2. Based on the size of your yard, how large of a pool would you like?
  3. Research reputable builders with proven track records, obtain referrals.
  4. Do you prefer salt water or using traditional chlorine?
  5. What amenities are important? I.e. slides, waterfalls
  6. Fences and safety measures may be needed to protect small children from falling in the pool.
  7. Consult your insurance agent to ensure you have appropriate coverage.

Ultimately, the decision to put in a pool should center on your lifestyle.  Are you going to use it? Will your family spend time swimming together?  A pool can provide a return on investment that is measured in smiles, giggles and splashes, not just resale value and dollars spent. So if you ask me, I say to “jump in and enjoy the water.”

Susan Arant's article first appeared in the Four Point Newspaper, Volume 10, Issue 22, page 4A.

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