With summer around the corner, it can be a great idea to build a swimming pool in your house. However, building a pool is not an easy affair. It can cost you a good sum. Hence, it is important that before building a swimming pool in your house, you do a cost-benefit analysis to see if it is worth investing funds in building a pool. Following section will brief you some points that you should keep in mind while building a swimming pool.
Things to Consider While Building a Swimming Pool
Real Estate Value
Adding a swimming pool to your house can add its value in real estate market. It has been found by a survey that building a pool in your home can boost its value by 5-6%. Hence, if value of your home is $500,000 without a swimming pool, you can expect its value to go up by USD 20k to 30k after building the pool. Though this much amount will not cover the whole cost of pool construction. It will, however, cover a portion of total expenditure, which of course matters to a great extent.
Duration for Which You’ll Reside
It is important that you have clarity on how long you will be residing in your present house. This is important because if you’re planning to change your residence in near future, there’s no benefit of building a swimming pool. On the contrary, if you have long term plans to reside in the present property, you can go ahead and build the pool. An investment in pool will not only benefit your kids, but also future generations.
It is, however, important to decide the longevity of stay in your present house. This is because there are various kinds of pools such as fiberglass, concrete etc. and durability of each pool varies from another with cost being the key factor. If you’re planning to live in your current residence for 15-20 years, you can build a fiberglass pool. On the contrary, if the house is your ancestral property where your future generations will also be living, you can consider building a concrete pool.
Impact on Kids
In case you have kids, who love to play in swimming pool, then you can invest in a swimming pool. This way, your children can enjoy some quality time with you. You can contact Compass Pools Australia for the best pool building services in Australia.
Whether you should invest in building a swimming pool or not will depend upon your family size. In case you live in a nuclear family with you and your wife being the only family members, it might not be worthy to build a pool. However, if you live in a joint family with uncles, aunts, grandparents, parents etc. living together, you can consider building a swimming pool. All the family members this way will be able to spend quality time with one another.
To conclude, whether you should invest in a swimming pool or not depends upon your individual requirement. Nonetheless, weigh the cost with associated benefits and decide accordingly.