Though installing a swimming pool may seem like a sure bet in terms of resale value, you must first crunch the numbers to figure out whether it is even worth it. Generally stated, install a swimming pool if you want one and will be in the home long enough to enjoy it. However, as an investment in market value, there are better ways to go. The ROI will generally be between 15% and 25%, which is not very much in resale value. Depending on the size, the depth, and the accessories, the installation costs will run you between $5,000-$20,000 for an above-ground pool and $50,000-$100,000 for an inground pool. Moreover, those figures do not include the costs for chemical balancing and other ongoing maintenance.
RENOVATING YOUR SWIMMIN UR SWIMMING POOL
If you already have a swimming pool, you will need to ensure that it is in perfect condition before you have any open houses or viewings. Check for the following pool faults to determine whether your swimming pool needs renovations: Liner, decking, and other materials may have worn down over time. Plumbing, filter, pump, and any old mechanical or electric system must be upgraded to current standards. Old design or styling that no longer looks good needs to be replaced. You can speak with your real estate agent about the current state of your pool, ask their opinion, and ask for help in finding someone who can renovate and repair your pool for you before you put your home on the market. An updated, beautiful swimming pool can help to add a fair percentage to its ROI and add value to your home.
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