It’s sweltering. Who can blame you if you’re looking for ways to cool down?! But if that means you’re thinking about building a pool, you’ll want to consider the financial ramifications first.
And we’re not just talking about the cost of building one, properly maintaining it, and adding it to your insurance, all of which is pricey. “The average cost in the U.S. to install, equip, and fill a 600-sq.-ft. concrete pool starts at $30,000,” said Houselogic. “Add in details like safety fences (most states require them), waterfalls, lighting, landscaping, and perhaps a spa, and you’re easily looking at totals approaching $100,000.”
If value and return on investment are on your mind (and they definitely should be), crunching some numbers before you start digging out your yard is prudent – even if you think you’re going to live in your home forever. Talking to your real estate agent, even if you have no plans of selling your home anytime soon (or ever), is also a good idea. While opinions differ – some REALTORS® will tell you that pools pay off, while others will tell you not to expect good ROI—having some knowledge of what to expect, especially in your market, will help you to make a more informed decision.
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