THE BUILDING BLOGS
With summer here you're not the first homeowner to start daydreaming of having a pool outside their back door, especially after coming back from your friends pool party or while stacking the kids in the car to head home from the city pool. But like most people who have that same dream you probably wonder if it's worth the investment, the weekly commitment to maintenance, or the cost of hiring someone to do so. While the answer to those questions are different for each couple or person, these are three main financial and maintenance questions to ask before building a pool.
THE COST OF BUILDING THE POOL
When planning to build a new pool for your home it's important to remember that while you are improving the homes sales appeal, you are almost guaranteed not to recover the cost of the investment during resale. Considering that the average cost for a in-ground pool is roughly $49,500, and surveys reveal that people have both positive and negative feelings about their pool after building it. It is generally recommended that you make a pro's and con's list to be sure that a pool is right for you and your family.
Depending on your decisions, your pool can easily surpass $100,000 with your choice of building materials and custom additions, such as; grotto's, hot tubs, waterfall's, infinity edge's etc. as well as your building material choice of, in order from most expensive to least, Concrete/gunite, fiberglass or vinyl lined, which each have their own merits and lifespans. A lifespan that can last for 50, 25 and 10 years respectively.
If you decide to enhance your family's "at home" experience and go forward with the pool, you should immediately start to consider where in the backyard you will dig your pool. Experts recommend not to put it in the shadows or a corner of the yard but rather look for a spot that see's the most sunlight throughout the day.
And finally you should become aware of what your municipality considers a pool. If it meets the city's definition of a pool you will need to meet the city's building codes, and safety codes which may include a fence.
MAINTENANCE OF POOL
Now that your pool is built in your yard its time to start maintaining it. You have the choice of learning about; p.h. balance, calcium, Chlorine, alkalinity, water hardness etc. and using that knowledge to maintain the pools cleanliness yourself, or hiring a professional to do so. Some people maintain the pool themselves all year long, many people have a professional prepare the pool for the opening season and then maintain it themselves for the rest of the season, and there are also many who will have a professional maintain the pool all season long. If you choose to have basic maintenance on your pool serviced the rough annual cost of the maintenance will be between $1,200-$1,800.
Along with Maintenance there are utility and repair costs to consider. You can expect these costs to increase your annual expenditure by another $1,800-$3,200 depending on the size and features of the pool.
POOLS AND INSURANCE
While your home will see a jolt in excitement and relaxation your pool will increase your homes insurance liability. Insurance companies will take the added risk into consideration and increase your monthly payment for the luxury of a pool. Insurances can start from a $100,000 policy, but in the case that you need to use it, $100,000 may not be enough to cover some of the more unfortunate possibilities. One of those possibilities include a trespasser having an accident in or around your pool, which is why some cities require a fence to be installed around your pool. That being said, experts recommend to hold a liability policy up to as much as $500,000.
While there are liability and financial considerations to weigh while deciding to build a pool for your family, there are plenty of upsides to having a pool, which I would imagine you have already daydreamed of. Hopefully this blog has provided you with enough information to start your journey towards a safe and responsible fun in the sun summer around your pool and next to the barbecue with your family and friends.