Tips for Buying a Home with a Pool

The decision to buy or not to buy a home with a pool is personal, but there are many factors to consider that will have a big impact in the short and long run. Among others, these may include maintenance, insurance and safety costs that come with pool ownership.

There is no question about the pool adding value to a property, but how? Unfortunately, actual data is scarce, but location plays a major role. Hence, to be totally sure, select an area that is not going to hurt your cause, if ever you decide to sell the property years down the road.

A pool adds to a home's aesthetic, relaxation and entertainment value, but aside from that, there are many other variables you should look into before finally deciding to get a home with a pool. For example, is the pool enclosed or screened, heated or equipped with water features? What general condition is it in?

A home valued at $125,000 would generally cost you an added $8,000 to $10,000 for a pool. These is an estimate, of course, and it's always best to check with a local appraiser for more accuracy.

Costs

Weekly maintenance will be your biggest pool expense, but considering the abundance of companies that can service the pool for $50 to $75 a month,  this is rarely a problem. Other costs you need to consider are fencing, self-closing doors, pool suction devices, additional homeowners insurance, and safety alarms, among others. Read https://www.reference.com/business-finance/explore/real-estate to gain more info about real estate.

Pool Inspection

A home inspector is to a home as a pool inspector is to a pool. The two don't mix, so don't have a home inspector look at your pool.
Also, remember to ask the seller which company used to service the pool. That company knows the actual condition of the pool, as well as the costs required to maintain it.

Knowing more about the pool helps you make a wiser decision as to whether or not you should buy the property. Of course, the company would be happy to accommodate you too, as it would mean a chance to continue the account.  Know about Joe Manausa Real Estate here!

Conclusion

Buying a home with a pool need not make a negative impact on your mortgage qualification. If anything, it may even help you sell faster. Homes with a pool often appeal to more homebuyers, meaning a faster sale later on and even more value to the final sale.

Also check with your local municipality for rules on home pool use (called Certificate of Occupancy). Take note that municipalities tend to change pool regulations every now and then, so don't depend on what your friend says or what you might have read on a website. Purchase the best property available today !