For Canadians, there’s nothing like taking full advantage of our warm summer months. We spend what seems to be endless months of cold winter weather mostly indoors, so it’s no wonder we rejoice when the temperature finally gets warmer. There’s also nothing like diving into a crystal-clear swimming pool on a scorching hot day, especially if in the comfort of your own backyard. After all, having carefree, happy times and creating great memories is what summer is all about. Whether you have a pool now, or are thinking about taking the plunge and buying a home with one, having an inground pool does come with a few key pros and cons to consider. Let’s take a look at those here:
1) Recreational use
Pros: Pools are a great way to get exercise and fresh air for children and adults of all ages. It can also help with physical therapy and relaxation. Having a pool can also be very social and encourage more quality time with friends and family.
Cons: Pools can be a dangerous place for those who don’t know how to swim. It’s required by law that you have the proper safety fencing and door locks installed on your property.
2) Materials & costs
Pros: Pools look beautiful! A well-installed pool with quality construction and landscaping is not only safe, enjoyable and appealing, it will be seen in the resale appeal of your property.
Cons: Inground pools can be expensive to put in – typically ranging from $30,000 to $65,000 & up. Lower quality materials and installation could end up costing more in the long-run in repairs. Further, having a pool may hinder the future sale of your home if potential buyers don’t want the work that goes into a pool.
Pros: Most pool owners gain a general knowledge about keeping their pools safe and clean, and the day-to-day routine is not too taxing. Alternately, they can hire a pool maintenance company to handle the maintenance.
Cons: Yearly maintenance including the ‘opening and closing’ of a pool can cost anywhere from $1200 to $2000-plus per year. If you don’t take care of the pool regularly, you can have health and safety problems arise. Improper use of chemicals or not maintaining the pools health and PH levels can lead to algae and other bacteria forming in the pool. Further, if a swimming pool doesn’t look great, it won’t get used, which defeats the purpose of installing one and can reduce your home’s value when it comes time to sell.
Pros: Getting additional coverage on your insurance policy is of great comfort when you own a pool. It keeps you financially protected if any mishaps or accidents arise. You want to keep your family safe, as well as anyone else who uses it.
Cons: Having a pool will raise your insurance fees. Most insurance policies will cover pool-related accidents, but it’s recommended you increase your liability coverage significantly. Accidents around the pool, especially during summer, can be catastrophic.
If you’re still on the fence about whether to install a swimming pool, or you’re looking for a home that already has one, a good benchmark to go by is how much a pool would add to your quality of life. Further, can you afford the initial as well as yearly costs and look after the upkeep? Why not speak to one of our experienced Realtors® at Clairwood Real Estate for more tips on the pros and cons of an inground pool and if it will add value to your home. We can also help if you are looking to buy or sell in Collingwood, the Blue Mountains, Wasaga Beach, Grey Highlands or Meaford. Go ahead and dive in! Connect with our top team today at 705-445-7085.