Southwestern Ontario can get really hot and humid in the Summer. If you don’t have a pool, you have probably considered installing one or adding it to the list of criteria for your next move. However, be aware of the associated costs. If you are wondering if a pool is suitable for you, read our tips on how to weigh the pros and cons of owning and installing one.
The cost of installation is the biggest factor to consider. You need to take into account all of the labour that has to take place with the installation. Site preparation, liners and pumps are obvious costs when it comes to installing a pool. But all of these can add up to an expensive bill. Consider the costs of extras such as buying a heater, a solar cover and a cover for the winter. Budget additional options such as waterfalls, lights, fountains and hot tubs or spas. Don’t forget that some sort of patio or deck will also have to be installed around the pool.
You might not get a return on your investment. A pool can be a selling feature to people who want one. But in a seasonal climate many buyers may not be interested in purchasing a house with a pool. Considering it can only be used a few months of the year, some buyers will not want to take on the extra maintenance and repair costs. This is why it is crucial you are installing one for the right reasons. It is a very expensive home improvement that does not necessarily add value to your home much like other renovations.
Whether deciding to install or purchase a home with a pool you need to consider the cost of maintenance. You will have to open and close your pool each year if you live in a climate like Southwestern Ontario. Time and money needs to be invested into buying chemicals and ensuring the water quality is acceptable. Ask yourself if you are willing to spend the time doing these things and if you aren’t if you are willing to pay a company to look after the maintenance. Over the years, things like liners and pumps need to be replaced and you need to be prepared for these costs.
Check the by-laws and be aware of liabilities. Many municipalities have by-laws requiring that pools are secure with a surrounding fence and gate. You should be aware that if someone drowns or is injured, it is the responsibility of the owner. Consider the risk and costs associated with keeping your pool secure.
If you have the time and money to own a pool but would like to forgo the initial cost of installing it, buying a house with one can be a better option. However, the pool should be inspected for leaks and to make sure it has been installed and maintained properly. The surrounding yard should also be inspected to make sure it complies with the by-laws of the municipality.
If you do decide to install a pool, it can be a great way to make your backyard a place for spending time with family and entertaining guests. Educate yourself on the costs associated with it (both money and time). It isn’t necessarily a home improvement that will get you the best ROI but if it is something that you will enjoy then it can be well worth the investment.
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