While searching for properties for sale, you come across a house with a pool. It seems like a dream come true and an opportunity you don’t want to miss! Having your own private swimming pool can provide endless hours of fun and relaxation, but it also comes with responsibilities and additional expenses. Now, before making a big decision, one must consider a few key factors to ensure you’re ready for the commitment.
Sure, owning a home with a swimming pool is luxurious and a dream come true! However, keep in mind that it comes with responsibilities. So, before you decide to purchase a house for sale with a pool, you need to prepare for the following:
Consider the Climate in the Location
Canada is known for its diverse climate — with some regions experiencing scorching summers to freezing winters. Before you purchase a house with a pool, consider the weather in the area you’re interested in. For instance, if the location has shorter summer or colder temperatures, you might not have much time to use your outdoor pool unless you’re willing to purchase a pool heater. If the pool is heated, expect your monthly bill to be higher.
Maintenance Costs
Weekly maintenance is necessary to keep the pool clean and functional. You’ll need to invest time and effort in cleaning the pool, maintaining the pH balance, skimming the surface, changing the filters, and so on. And if you’re too busy to do it yourself, you must hire a professional pool maintenance service. It’s important to remember that owning a pool comes with additional expenses for maintenance. Fun fact: An average pool owner spends roughly $1200 a year on maintenance expenses!
Insurance Costs and Taxes
An in-ground swimming pool is sure to increase your home insurance costs due to the liability it presents. But did you know that a swimming pool can also cause your property taxes to go up?
Complying with Safety Measures
Having a pool also means taking extra precautions to ensure the safety of your family and visitors. You must consider the potential dangers of having a swimming pool around little kids and pets and even the neighbourhood kids, including installing a fence, pool covers, and alarms to prevent accidents. Additionally, you must be aware of the pool safety laws in the area and ensure that the pool meets all the safety requirements.
Effect on Resale Value
Having a pool might affect the value of your property when you decide to sell it. Truth be told — a swimming pool won’t add much value to your home if you sell the property in the future. Imagine spending around $100,000 and only getting around $7,000 in return! It’s also worth mentioning that not all potential buyers may be interested in having a pool on their property. Some people prefer above-ground pools because they are removable, in case the buyer doesn’t want them. However, the buyer may need to do some landscaping work afterwards.
The Current State of the Pool
How do you plan to use the swimming pool? Do you plan on throwing pool parties? A swimming pool can be a great addition to your home if you enjoy hosting events and family gatherings. However, if your family frequently travels or enjoys other activities, you may not maximize your swimming pool. And, of course, don’t forget to consider the weather conditions in your area, as it may be too cold for swimming throughout the year in Canada. Be honest about what you truly want and how much value a pool would add to your lifestyle.
Final Thoughts
So, are you ready to purchase a house with a swimming pool? Well, there’s no one-size-fits-all answer. While owning a pool can be a dream come true, one must consider all the factors and challenges that come with it before taking a huge step. From the climate and maintenance to hidden costs and safety measures, there are several factors to consider. So, before you dive into the idea of buying a house with a pool, make sure you’re ready for the responsibilities and expenses that come with it. Still undecided? Perhaps starting with an above-ground pool will help you assess whether owning a pool is a viable option for your family!
