Pool Installation Considerations | Things to Consider Before You Invest
Swimming pools are a wonderful place to enjoy one’s backyard. However, they generally are not an investment in which you will recoup the money spent. This article covers some items you may want to consider before investing in a residential swimming pool when looking for Malibu luxury homes.
Purpose. What will be your pool’s main purpose? Will your pool be mainly used by kids or is it being installed as an architectural feature? Are you looking to create a relaxing retreat space? Consider these questions when planning a pool to establish a clear sense of purpose that will help in your planning.
Get beverly hills realtors’s stories in your inbox
Join Medium for free to get updates from this writer.
Cost. Keep in mind that pools range anywhere in cost between $20,000 to $50,000 and up (Source). To this, you should add at least $150 to $250 for pool maintenance, supplies, and regular cleaning per month. If you are someone who travels a lot you may enjoy coming home to a relaxing pool — but if you will only spend a few weeks in that home — and are planning to resell it sometime in the next decade, you may be making a bad investment. Opt to spend that money on a nicer hotel. Do the math and see which option is best for your lifestyle.
Permits. Most places require you to have the proper building permits when doing any type of construction. This will require contacting your local city hall. Be sure to check this prior to starting pool installation.
Insurance. Inform your insurance company. Having a pool on your property may affect your homeowner’s insurance, and even if it does not, your insurance company should be informed that it is being installed. Pools have a chance to be a hazard, so you may need to purchase homeowner’s insurance on your property to better protect yourself against unforeseen accidents.
For more questions regarding pool installation, contact a Beverly Hills realtor with experience in the buying and selling of residential property.
