Living here in the Sunshine State can be an incredibly rewarding experience. With warm weather all year ‘round, beaches on all sides, and friendly neighbors, it only makes sense to want to buy a house in Florida. However, trying to add value to an existing home can be challenging, especially if you’re not sure what will offer the best return on your investment.
One way many people try to increase the value of their homes is through adding a pool. The sparkling water just steps from your door has its own allure, but there are also expenses that come with both building and maintaining it. That said, is a pool really a great way to add value? Let’s go ahead and break it down!
What Are the Pros of Adding a Pool?
Adding a swimming pool to your backyard can be incredibly tempting, especially during those hot summer months when you want to take a dip to cool down. Without a doubt, it is one of the best rewards of adding a pool to your home. Who doesn’t want the opportunity to be able to splash around and cool down whenever they want?
Another great advantage of adding a pool to your home is the fact that it can help increase the resale value of your home. Data from real estate agents has shown building a pool can increase home value by up to seven percent or more. To put it into perspective, if your home sells for $250,000, then $17,500 of that can be attributed to the pool’s value.
While having a heated pool isn’t really too necessary here in Florida, it can definitely bring its own advantages. Typically, the weather here tends to be fairly warm throughout the year, but we do occasionally have our cooler days, and it could be nice to have a pool to enjoy on those days. If you’re wanting to swim at night, a heated pool can be very soothing and relaxing, as well.
What Are the Cons of Adding a Pool?
On the other hand, there are a few cons of adding a swimming pool to your Florida property. First and foremost, there is the expense of actually building and installing it. If the cost of the installation is on the higher side, it’s important to bear in mind you’re only likely to recoup about seven percent of your investment. That may not cover the entire upfront costs, though you will recover part of it.
There’s also the fact some potential homeowners do consider the fact that having a pool also equates to extra work. If you’ve owned a pool before, then you probably already know there are a few things you need to do to help keep the water clean and sparkling. Potential homeowners will also be aware of this, and the thought of having to maintain their pool might be a bit of a deterrent to them.
Is a Pool Right For Your Florida Home?
No doubt, there are quite a few pros and cons of trying to decide if getting a pool is right for your home and your lifestyle. From the added expense of installing it to the maintenance and upkeep of keeping it clean – as well as all the enjoyment of actually using it – there are many factors you’ll need to consider if you’re thinking about getting a pool for your Florida home.
Fortunately, we here at Paterson Project Management understand all of the nuances and are happy to help guide you through whether or not a pool is right for you. To learn more about how we can help you with your next major renovation project, please do not hesitate to contact us today! We look forward to helping you create the pool of your dreams in your own backyard.