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:
- What is the purpose of your pool, for exercise or relaxation?
- Based on the size of your yard, how large of a pool would you like?
- Research reputable builders with proven track records, obtain referrals.
- Do you prefer salt water or using traditional chlorine?
- What amenities are important? I.e. slides, waterfalls
- Fences and safety measures may be needed to protect small children from falling in the pool.
- 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.