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I badly want a pool at my next home. What are the cons to this?
Posted on 6/13/10 at 9:23 am
Posted on 6/13/10 at 9:23 am
Asking current home owners with pools. Should I build and put in a pool or buy a home with a pool already installed?
4
Posted on 6/13/10 at 10:02 am to andyjordan78
The rule of thumb is that adding a pool does little to increase the resale value of your home, so I would say that you should definitely try to buy a house with one.
Posted on 6/13/10 at 10:22 am to andyjordan78
quote:Happy to answer but it depends to a large extent on what you're considering. We enjoy our pool year around, and enjoy it as much for the water features as for the hot tub/pool.
Asking current home owners with pools. Should I build and put in a pool or buy a home with a pool already installed?
There are many shady incompetent pool companies out there.
Get solid recommendations for the company you choose to do your work. See some of their work in person. Make an intelligent price/quality choice. Expect major redo expenses (resurfacing, tile replacement, pump replacement, etc) about once every 8-12 years. Month-to month maintenance can run from a few hundred dollars/yr if you do cleaning/chemicals/filters yourself (easily doable) on up depending on level of service. We have a pool company out weekly with ours. That can get a bit pricey though.
Posted on 6/13/10 at 10:27 am to TheHiddenFlask
quote:True for the most part; really depends though. In upper end situations, no pool can hurt resell in a big way.
The rule of thumb is that adding a pool does little to increase the resale value of your home
Posted on 6/13/10 at 1:20 pm to NC_Tigah
Its 50/50 on re-sale. 50% will buy it partially b/c of the pool and 50% wont. It does not add monetary value to the house and thats why.
Tips. When buying a house with a pool. Have it inspected by a swimming pool co/contractor. Probably would not be a bad idea to get a co like "American Leak detection" to inspect it.
Dead give away...is if you see a garden hose leading into the pool could be indicative of a pool that cannot maintain its water level.
Tips. When buying a house with a pool. Have it inspected by a swimming pool co/contractor. Probably would not be a bad idea to get a co like "American Leak detection" to inspect it.
Dead give away...is if you see a garden hose leading into the pool could be indicative of a pool that cannot maintain its water level.
Posted on 6/13/10 at 2:13 pm to andyjordan78
I have owned two homes, both had pools already installed and doubt the owners got their money out of it when selling. Also, I agree with the above poster to have it inspected by a pool company as you would have a home inspector look over your house before purchasing.
As I have told my friends with vegetable gardens...it's no more work than weeding a garden and more fun to drink beer in.
As I have told my friends with vegetable gardens...it's no more work than weeding a garden and more fun to drink beer in.
Posted on 6/13/10 at 5:44 pm to andyjordan78
I specked a number of homes with swimming pools, always got my money back; usually it's what closed the deal.
The swimming pool that doesn't add value is the one that is just a rectangular hole in the back yard.
To add value, the pool needs to part of an environment you create .. sort of Margaritaville, using landscaping and seating areas.
All the ones I did were adjacent the home, the pool was screen enclosed w/ the whole back of the house opening onto the pool / lanaii. This is standard in Florida.
You can make the pool into a real real estate asset.
The swimming pool that doesn't add value is the one that is just a rectangular hole in the back yard.
To add value, the pool needs to part of an environment you create .. sort of Margaritaville, using landscaping and seating areas.
All the ones I did were adjacent the home, the pool was screen enclosed w/ the whole back of the house opening onto the pool / lanaii. This is standard in Florida.
You can make the pool into a real real estate asset.
Posted on 6/13/10 at 6:05 pm to Fat Man
quote:This X 100!
The swimming pool that doesn't add value is the one that is just a rectangular hole in the back yard.
Posted on 6/13/10 at 8:31 pm to NC_Tigah
You need to ask LSUDAD about his thoughts on pools. I'll just tell you that my parent bought a house with a pool already there. The previous owner told my dad that the he had the pool build 12 yrs earlier and it cost him $37k and when he got the house appraised, the pool appraised for $13k. The owner told my dad he knew building a pool would cost him money when he went to resell the house. Said you need to enjoy a pool for what it is, not with the idea that you will make any money off of it.
Posted on 6/13/10 at 8:33 pm to NC_Tigah
My bad, double post
This post was edited on 6/13/10 at 8:36 pm
Posted on 6/14/10 at 6:24 am to guttata
quote:
You need to ask LSUDAD about his thoughts on pools.
He retired from TD.
Posted on 6/14/10 at 7:58 am to guttata
quote:
Expect major redo expenses (resurfacing, tile replacement, pump replacement, etc) about once every 8-12 years.
quote:I'd bet the pool was not in new condition when your Dad made the purchase.
The previous owner told my dad that the he had the pool build 12 yrs earlier and it cost him $37k and when he got the house appraised, the pool appraised for $13k.
Posted on 6/14/10 at 8:46 am to NC_Tigah
How many 12 yr old pools are? It is a liner pool and he replaced the liner the previous yr. It is also one of those salinity pools.
Posted on 6/14/10 at 9:10 am to guttata
Having to clean it.
Posted on 6/14/10 at 9:39 am to John Merlyn
I had a seller call me last week with the same type of thing. He stated that in 07 he put in a pool at "50,000" and now the appraiser only gave him a positive adjustment of 32,000. He was so mad at the appraiser and all I could say is it's his opinion of value. You’re never going to get dollar for dollar for it. It can also depend on the part of the state/area the house is in. I have seen some appraisals that have standard line item adjustment of 10,000, regardless what it cost to build. I have also seen no adjustment for a pool as the pool is a standard feature of all homes located within a certain neighborhood or the comparables used all contained a pool so no adjustments were made.
Posted on 6/14/10 at 9:42 am to guttata
quote:Many . . . if they've been redone. Could look brand new. Otherwise expected refurb price should be factored in to home sale price.
How many 12 yr old pools are?
Wasn't intending to be contradictory btw. Just pointing out life expectancy of the pool finish.
quote:Wow!
It is a liner pool
Yeah, $37K in the 1990's for a liner pool seems really high. That probably explains some of the $24K discount too.
Posted on 6/14/10 at 9:46 am to DieSmilen
quote:Exactly. That's the one scenario where not having a pool can actually be expensive.
I have also seen no adjustment for a pool as the pool is a standard feature of all homes located within a certain neighborhood or the comparables used all contained a pool so no adjustments were made.
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