Jumping into a pool can be an excellent way to cool off in the summer, and it’s an attractive feature for potential buyers. If you’re thinking about investing, you might have one question on your mind. What’s the ROI on a swimming pool?
What’s the ROI on a Swimming Pool?
You can increase the resale value of your home by 7% by having a pool installed. However, some other factors, such as location, influence the ROI. For example, living in a warmer climate can increase the value. The condition of your pool can also determine how much you will profit. Those in poor shape tend to lower your ROI.
Also, a family with younger kids may consider a pool a safety concern. Consider marketing it to older couples or families with teenagers.
Keep in mind a pool can increase your energy bills and be costly to maintain. If you aren’t going to use it as much, consider other renovations, such as a kitchen remodel, to increase the value of your home.
How to Increase Your Pool’s ROI
While you can only predict how much profit you will earn back, there are some ways to make your pool a more attractive feature to buyers. The layout is something potential buyers notice immediately.
Here are some ways to make your pool more visually appealing:
- Invest in a free-form pool.
- Surround it with coral stone.
- Add water features, such as waterfalls and fountains.
To help pay for upgrades to your pool, you may need an additional source of cash flow.
Consider investing in another property to help generate more revenue. However, to be a real estate investor, you need an entrepreneurial mindset and a willingness to take risks.
Before you make a purchase, plan all your expenses and research the property. To create an influential budget, study market trends and weigh the risks and rewards.
How the Prepare for Installation
Once you have decided a pool is the right investment for you, make sure you fully prepare for the installation process. Here are some steps to help you get ready.
Research Local Permits and Requirements
Many cities require a building permit for construction, so ensure you have the correct ones before starting the installation process. Contact your city hall. Also, be sure to check your local safety codes. Some areas require you to have your pool area fenced in.
Choose the Right Location
Before contractors can put your pool into place, consider the best location for it. Having a level area will keep it from slanting. Also, be sure your site complies with local building codes and is a safe distance from any property lines.
Clear the Area
Remove all sod and other vegetation from the intended pool area. Then, use shovels and a wheelbarrow to dig out and remove the debris. Also, make sure the area is clear of any large rocks or outdoor toys.
How to Maintain Your Pool
Swimming pools require a lot of work to keep them in good shape. Be sure to practice basic maintenance to ensure yours is safe and clean.
Clear off the Debris
Skim the pool’s surface to collect any debris floating around and empty the skimmer. Make sure to dispose of the materials to prevent them from blowing back into the water. Also, consider trimming back any nearby bushes.
If you are opening up your pool after winter, you will want to clear off the covering before removing it.
Vacuum the Pool
You will want to spend about 30 minutes vacuuming your pool. Finish the cleaning by brushing off any algae from the sides with a nylon brush.
Adjust the Chemicals
You want to test and update your pool’s chemistry weekly. You will want to adjust the ph level first and make sure chlorine is above 1 part per million.
Backwash the Filter
You want to turn the filter valve to the backwash setting to redirect the water flow. If you have a sand filter, consider replacing it with a DE or cartridge system. These both clean more efficiently and are better for the environment.
Clean the Pump Filter and Add Chlorine
To wash out the hair/lint catcher in your pump, follow these steps:
- Shut off the system.
- Close the skimmer valve.
- Unscrew the cover of the trap and remove the basket.
- Empty it into the garbage.
Add chlorine with either a chlorinator or a floating container. To finish the maintenance process, check your water level.
Consider Your Options
Swimming pools are a bonus amenity for many potential buyers. However, they do require maintenance, such as cleaning out the filters. Many people often wonder if it is worth the investment. Weigh the pros and cons carefully before making a final decision.
Oscar Collins is the managing editor at Modded. He writes about cars, fitness, the outdoors and more. Follow @TModded on Twitter for more articles from the Modded team.
