A pool is great for entertaining your children or just for relaxing after a hard day’s work. It is also a must-have home addition for those hot Las Vegas summers. If you are buying a house with a pool, there are a few important questions to ask before you commit to a purchase.
7 Questions to Ask When Buying a House with a Pool
Before buying a home with a pool, be sure to learn about the following:
There are three types of in-ground pools, each with different costs and benefits to consider.
Vinyl-liner: These pools are popular and relatively easy to build. However, they can be easily damaged and require resurfacing every five to ten years, which can cost several thousand dollars.
Concrete: These pools are highly customizable and durable but require constant chemical treatment to prevent algae growth. They have the highest average cost during their lifespan out of all three pools.
Fiberglass: These durable pools require little maintenance but have a higher upfront cost. They are also limited in size due to transportation regulations.
An older pool may have higher maintenance costs than a newer one. It might need to be resurfaced or it may have circulation issues. Ask the owner to see records of its history to learn about any underlying issues.
Research the pool’s builder and learn about their quality of work. Read reviews from customers online to see if they are responsive to client needs. Once you know the builder you can also consult them for any repairs or upgrades you would like to make.
Home Advisor reports that a pool’s average monthly cost is $245. However, this can vary by hundreds of dollars depending on a pool’s size and type. You can reduce your utilities expenses by choosing an energy-efficient pool heater and pump.
In the summer you might need to buy more cleaning supplies such as chlorine or bleach. This can cost you a few dollars out of pocket plus your time, or about $100 per week with a cleaning service.
Impact on Homeowner’s Insurance
A pool is considered an “attractive nuisance” and poses a hazard to young children. Most homeowner policies can cover a pool for a modest monthly fee.
However, your insurer might classify your pool as part of your home or as an additional structure, which can affect your compensation should you file a claim.
Your pool will have to conform to federal, state and local safety regulations and building codes. You may have to build a fence with proper signage around your pool to prevent children from entering it unattended.
The National Association of Realtors reports that a pool can add eight to thirteen percent to the value of a home in the Southwest. Concrete and fiberglass pools generally have a higher resale value than vinyl-liner pools.
Luxury amenities and especially a pool can be a great addition to your home, but it’s important to know what you are getting into before you buy one. A real estate agent can help you ask the right questions to help you make the best decisions for yourself and those you love.