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Tips for Buying a Home with a Pool The decision to buy or not to buy a home with a pool is personal, but there are many factors to consider that will have a big impact in the short and long run. These could include safety, insurance and maintenance costs, among others. There is no question about the pool adding value to a property, but how? Data is unfortunately scarce, but location is a big factor. Thus, to be absolutely sure, pick an area that will not hurt your cause, in the event that you decide to sell your property later on. A pool enhances a home’s aesthetics and provides a place for relaxation and entertainment, but on top of that, you have to check out many other variables before actually deciding to purchase a home with a pool. For example, is the pool enclosed or screened, heated or equipped with water features? How would you describe its general condition?
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A home valued at $125,000 would generally cost you an added $8,000 to $10,000 for a pool. These is a mere estimates, of course, and you’ll have to check with a local appraiser for a more accurate picture.
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Costs Your biggest pool expense is the weekly maintenance, which is totally necessary, but with a lot of pool companies charging $50 to $75 monthly for servicing, this is hardly a problem. Other costs you need to consider are fencing, self-closing doors, pool suction devices, additional homeowners insurance, and safety alarms, among others. Pool Inspection Just as a home inspector inspects a home, a pool expert should inspect a pool. It’s wrong to mix the two, so don’t make a home inspector inspect a pool. As well, don’t hesitate to ask the seller about the company that used to service the pool. That company would know the pool best and can check its quality and estimate its upkeep costs. If you know more about the pool, you can make a smarter decision as to whether buying the property is a wise investment. Of course, the company would be happy to accommodate you too, as it would mean a chance to continue the account. Conclusion Buying a home with a pool need not make a negative impact on your mortgage qualification. If anything, it can even help you sell much faster in the future. Homes with a pool generally appeal to more homebuyers, which means a quicker sale later on and even greater value to the final sale. You should also check your local municipality’s rules on home pool use (this is known as a Certificate of Occupancy). Keep in mind that municipalities are always revising pool regulations, so don’t count on what you may have heard from a friend or read on the Internet.