Owning a pool may offer some perks, but don’t forget to keep the associated expenses in mind before diving into this decision.
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If owning a pool is one of your homeownership goals, you must be prepared for the associated costs. Buying a home that already has a pool eliminates some expenses, but you’ll still need to budget for upkeep. Chlorine and saltwater pools both require regular maintenance, which will either involve cleaning them yourself or hiring someone to do it for you. Opting to install a pool yourself also carries some challenges. Building a pool on your property will cost tens of thousands of dollars, and you’ll also need to secure a permit with your city. Water bills, the cost of electricity to run the pump, and other similar expenses should be accounted for, as well. These are a few items on the list. Here’s a list of a few more costs to consider.
Homeowners insurance premiums Pool furniture A heating system Cracks and leaks Will I get the cash back when I sell?
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