Are swimming pools a wise investment for homeowners?
In this edition of our Northwest Ohio real estate update, we tackle a question many homeowners ponder: What effect do swimming pools have on property values? We appreciate Bill for sending in this query, as it’s a topic that sparks numerous discussions. So, let’s dive in and explore the pros and cons of having a swimming pool in your home.
One key aspect to consider in Northwest Ohio is the relatively short swimming season. With fewer than 90 days of optimal swimming weather due to late springs and early falls, investing in a pool can feel impractical. Compared to regions with longer pool-friendly seasons, the value of this amenity can be somewhat limited.
Despite the short swimming season, in-ground pools remain highly desirable to buyers throughout the year. The demand for in-ground pools is consistent, regardless of the weather. This demand has grown even more apparent in recent times.
Installing an in-ground pool comes with a hefty price tag and several considerations. It’s essential to plan for fencing, ongoing maintenance, potential heating costs, and increased insurance premiums. When pool contractors provide quotes, you may be in for a surprise.
While swimming pools may not be a smart financial investment, they undoubtedly add value to a home. If you can afford one and genuinely desire it, the enjoyment it brings can far outweigh the costs. Plus, when you eventually sell your home, having a well-maintained pool can be a significant selling point.
In summary, the decision to invest in a swimming pool should be guided by your lifestyle, budget, and long-term plans. While it may not be a sound financial investment, the joy and potential resale value it brings can make it a worthwhile addition to your home.
If you have questions about real estate in Northwest Ohio, whether you’re looking to buy or sell, don’t hesitate to reach out to Jon Modene at 419-466-SOLD. We’re here to provide the right solutions for your real estate needs.
