Before making a swimming pool investment, you ought to determine if it’s worth the price. The swimming pool is undoubtedly a huge investment. In addition, it needs consistent care and maintenance. When the time comes to decide whether you’re ready to take the plunge, you should analyze the investment and its value. Many variable factors can affect your decision, but here is why you should install a swimming pool in your Tucson backyard.
Cost of Building
It is needless to say that the cost of building a swimming pool is high. If you add more details and features to the package, it can go even higher. The average costs can vary anywhere between $30,000 and $100,000. You can save your money if you forgo some aesthetic details from the design. Here, the costs also depend on the type of pool that you choose.
For example, if you prefer a gunite pool, it will cost higher in the beginning while the cost of ownership may be low over the lifetime. Fiberglass pools, on the other hand, are low on budget but they need replacement every 10 years. So, consider this factor when ascertaining your returns on pool investment.
Value to Your Home
In the real estate market, the right pool can increase your home valuation and attract more buyers. But, it depends on the right pool, as it is. You need an inground pool to enhance the value of your home. Additionally, it should be well-maintained and designed with aesthetic values.
If you live in a warm climate and have a well-maintained pool in your backyard, you can find better rates for your properties. Some real estate experts state that an inground pool can increase your home’s value by 4-6%. Though it does not cover the entire cost of building the pool, it certainly makes up a bit.
Apart from the construction of the pool, there are additional and necessary expenses like filtration, heating system, and maintenance. You need to make up for each expense in order to get better returns on your investment. If chosen correctly, a filtration pump can save up to 80% on energy charges while you can also buy energy efficient electric heat pumps for your pool.
When it comes to maintenance, there are many things to consider. Your pool water needs proper chemical balance, sanitization, and chlorine to operate efficiently. You should set aside a reasonable maintenance budget depending on the requirements of your pool.
In most of the cases, the returns on pool investment will depend on your geographic location as well. A swimming pool offers more functional value in the area having a tropical climate that ensures more months to use the pool.
How Much to Invest?
So, the returns on pool investment will vary as per these factors and more. You should ask your pool builders about what you can expect from the project. Think about what you want in your pool and center your investments round the necessary features. After all, a swimming pool is not just a financial investment. Rather, it is a place where your family will spend a lot of time together. The outcome should be worthwhile for these goals and wants.