You might be wondering whether a swimming pool will add any value to your house. If yes, then in what ways? Well, you would want to know the answers to these questions before you reach out to a masonry contractor to set up a contract for pool building.
Well, there are a number of things that you also need to take care of. Overall, the coverage, repairs, and maintenance of swimming pools can have its costs. However, down the road, if you plan to sell your house, you are likely to get a good price for it.
Will a swimming pool add value to your house?
According to most experts, if your pool is well-kept, it will boost the value of your house. This is especially true for in-ground pools. However, this is not always the case. In the end, the value of your house will also depend on a wide range of other factors.
Furthermore, you simply cannot expect to recover all the costs though. That would be a very unrealistic thought. Rather, you can certainly get a good price and recover some part that you spent. Other than that, a pool is simply meant to add quality and vibrance to your life. So, consider it an investment on yourself. If you are only aiming to make profits on a house sale, then you might be in for disappointments.
Costs of building pools
Well, the costs of building a swimming pool can be anywhere between $20,000 and $60,000. This would also depend on the material that you are using and the type of swimming pool that you are installing. After all, not all pools cost the same.
If you are planning to a fiberglass swimming pool, then this price is the norm. However, if you want to install a concrete or unite swimming pool, then you may have to spend up to $100,000. Though, the prices will begin from $35,000.
The former will suit you much better and will also have lesser maintenance costs. Before choosing any type of swimming pool, you must understand the maintenance costs and other factors. This will help you in making the right choices. Otherwise, you may simply be throwing your money in the drain.
Typically, the annual costs of maintaining a swimming pool can be between $1200 and $1800. However, higher-end swimming pools might cost more. These swimming pools will cost up to $5000 in maintenance.
The maintenance simply involves adding chemicals and buying some additional equipment that will keep your swimming pool in top shape.
Insurance costs
Well, apart from the building and maintenance costs, you will also have to consider the costs of insurance. When you have a swimming pool, you may have to pay a higher insurance premium. Policies vary, of course, but they will typically cover up to 10% of the replacement costs of any outdoor structures such as swimming pools.
Just ask the insurer about what will be covered in the insurance before you start paying the premium. This way, you will have a good idea about what to expect from your insurer.
Conclusion
So, is it worth it? Well, we would say that installing a swimming pool in your house is definitely worth it. You will be able to enjoy an outdoor activity with your friends and family. In the current pandemic, this is indeed a great addition to your house as it will allow you to have some nice leisure time.
Since pool contractors Long Island are active nowadays, reach out to them today and get in the talks to build a swimming pool. Just choose the best companies for that, and you will be good to go.
