Question: Is A Pool A Bad Investment?

Is a pool a bad idea?

“All pools – from a simple above-ground kiddy pool to an in-ground pool – can be dangerous and need to be properly insured and comply with local safety standards,” she says.

A pool increases the homeowner’s liability risk, so you may want to increase your liability coverage..

How much does it cost to fill up a pool?

Cost to Fill in a Pool The average price to remove a swimming pool falls between $3,000 and $10,000. The cost to eliminate an above ground model averages $2,700. An inground unit can be extracted for $9,000 to $19,000 or filled in for about $5,000.

Does having a pool increase your water bill?

Backyard pools are huge energy consumers and water guzzlers. … A typical backyard pool can account for up to 30 per cent of a household’s yearly power bill and for some households, a pool can become the largest consumer of energy in a house.

What do I need to know before buying a pool?

What to Consider Before Buying a PoolBudget. Swimming pools come in a wide range of sizes, shapes, and finishes — and that’s before you consider the landscaping options surrounding it. … Ask Questions. … Balancing Function and Form. … Size and Shape. … Materials. … Placement. … Landscaping.

Is owning a pool expensive?

Pool Maintenance Cost The average cost to maintain a pool is $80 to $150 monthly or about $960 to $1,800 yearly. For a first-time pool cleaning service, expect to spend $150 to $350 on average. The annual cost to own a pool is $3,000 to $5,000, which includes maintenance, repairs, electricity, and water.

Should I buy a house with a pool or build one?

A: In this market you should be able to find a great deal with a pool. I would go that route first. A: Generally it will be less expensive to buy a house with pool. Rule of thumb – if you build a new one you will recover only 80% of cost.

Why are inground pools so expensive?

Real estate prices usually drive the prices of swimming pools. One of the reasons that a pool might cost so much in your area is because the real estate values are high and can substantiate higher dollar value spent on property upgrades such as a pool.

What type of pool lasts the longest?

Concrete poolsConcrete pools have the longest service life, assuming it is well built, followed by fiberglass and then vinyl liner pools as a tie, more or less, for second place. A concrete pool can still be in serviceable condition, and daily use, after as much as 50 or 75 years.

What are the pros and cons of owning a pool?

Pros and Cons of Buying a Home With a PoolPros of Owning a Pool.Social benefits. … A pool is good for your physical health and mental health. … It’s a good look for your home. … Cons of Owning a Pool.High maintenance. … Safety issues. … Extra insurance costs.

Can a pool be made less deep?

For many homeowners, a swimming pool with a deep end is less than ideal. While a 7- or 8-foot depth was common among backyard pools built years ago, the trend today is a pool that foregoes the deep end. … In many cases, a pool remodel specialist can cut the water depth by several feet.

What is the average monthly payment for a pool?

Typically, you can finance anything between $5,000 to $100,000. Rates depend on your credit score and the number of swimming pool payment years. For instance, if you get $25,000 financed, at 5% for 15 years, you are looking at paying $200 each month.

How long do inground pools last?

Concrete pools are far more durable than vinyl liner pools and will last more than 25 years. Although, the interior surface of the pool needs to be resurfaced every 10 to 15 years.

What is the cheapest inground pool?

Basic vinyl liner pools are the least expensive inground swimming pool option. Vinyl liner swimming pools give you more swim area for the money and cost you less initially than a fiberglass pool or gunite pool.

Does an inground pool increase your property value?

It won’t be easy since a swimming pool can actually make your home harder to sell. Many buyers consider it a liability rather than a luxury. Under the right circumstances, however, a pool could boost your home’s value by as much as 7%, Houselogic estimates.

What is a good size pool?

It’s recommended having a depth fewer than six feet to meet most pool needs. For a family of six to eight people, an 18 foot by 36-foot pool is recommended. This should be sufficient to avoid crowding and allow for the playing of games. Rectangle shaped pools look best for this size.

What is the cheapest way to get a pool?

Overall, vinyl liner pools are the cheapest inground swimming pools that money can buy. It’s rare to find a pool builder who can build a concrete or fiberglass pool at a vinyl liner pool price. This does not mean that vinyl liner pools are never expensive.

How much does a 12 x24 inground pool cost?

The average cost of an inground, 12’x24′ fiberglass pool is around $50,000.

How much will my electric bill go up with a pool?

A typical backyard swimming pool using a 1100 watt pool pump can add up to 17% to an electricity bill. This cost can be offset by installing solar panels, which can also add value to the house.