Putting in an in-ground pool might seem like a guaranteed way to boost your home’s resale value, but you might end up being disappointed. These pools don’t always translate into higher values on homes.
It’s important to weigh the pros and cons before deciding whether to get one:
- Location: Where you live can make a difference between getting a higher return on your investment or getting nothing in return. If you’re in an area where it’s warm or hot almost all year, having a pool is a big advantage. You might want to focus on boosting your home’s value in other ways, such as remodeling, if you live in a place where the pool would only be used for a few months.
- Cost: In-ground pools can cost up to $40,000 to install, and you’ll be facing higher property taxes once you have one. You’ll also be dealing with higher liability insurance payments.
- Maintenance: Although these pools are fun and relaxing, they also require a lot of maintenance that potential buyers might not want to do on a regular basis.