Looking at the True Cost of Installing a Pool

freeimage-7757332-webWith Memorial Day weekend just around the corner, it’s swimming season. And while The Woodlands boasts some excellent community pools, the warmer weather may have you dreaming of hosting pool parties at your own home next summer. But what are the true costs of installing an in-ground pool and what type of return on your investment can you expect to see? Here are just a few aspects to think about when budgeting for this type of project:

  • Consider the materials and features you would like for your pool. For example, do you want a plaster surface or are you looking to upgrade to a Pebble Tec or Pebble Sheen surface? Are you looking for a pool that is deep enough for diving? Would you like water features or a spa? Also, determine whether or not features such as heaters, lights, pumps, and filters are included in the quote you receive from the pool installation company. It may also be a good idea to get several quotes, but don’t necessarily go with the cheapest bid. Rather, choose a company with a reasonable bid who has been in business for a number of years and has a good track record in the community. Ask around – the best information you will gather is from neighbors and friends who have been through this process.
  • Factor in repair costs for sod or other landscaping. In most cases, heavy equipment will be coming in and out of your yard, hauling away dirt and bringing in materials. This will likely damage your lawn and, possibly, other landscaping. So, setting aside a budget for this is a must.
  • Budget for an enclosure. In The Woodlands, a fence is also required around your pool, so this should be factored into your cost estimate as well.
  • Think about maintenance costs. You will also need to allot for pool maintenance equipment and professional cleanings and chemicals. In addition, you can expect higher electric bills and increased home insurance premiums as a result of having a pool.
  • Expect the return on investment of a pool to be measured mostly by your own enjoyment. Even here in the Sun Belt, your home value will only increase by a portion of the total cost of the full pool installation. Having a pool appeals to many buyers, but others may see it as a feature that will cost them extra in maintenance costs and higher energy bills. Some families with young children may also have safety concerns.

Now all this certainly doesn’t mean that installing a pool is not a worthy undertaking if you and your family will gain significant enjoyment from it. We certainly have enough warm weather for you to make good use of it. However, it is important to understand the true cost of ownership when making an informed decision about installing a pool for your home. It may also be a good idea to talk to friends and family members who have a pool and consult with a realtor familiar with your area when taking on a project like this.

 

Image: http://www.stockfreeimages.com/

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