Swimming Pools and Spas as a Home Improvement Investment

If you're looking for a way to boost the resale value of your home, adding a swimming pool or spa may be a great option. Adding one or both of these amenities to your property will allow you to enjoy them while you own the home and potentially boost the resale value when you decide to sell. Studies show that adding a pool or spa can increase the value of your home from 5-15%, depending on your geographic location.

Of course, you may be concerned about the cost of these additions, not to mention the ongoing upkeep and maintenance expenses. Both a swimming pool and a spa come with pros and cons, with outdoor pools offering seasonal swimming and spas providing year round relaxation. If you're trying to decide whether to add a pool or spa to your own home, here is a closer look at each option and the pros and cons to making this home improvement investment.

SWIMMING POOLS:

If you decide to add the pool, you'll need to consider several questions at the start. What type of pool will work best for your property? How often will you be able to use the pool? Are you investing for your own benefit or for added resale value? Do you want an above ground or in-ground pool?

THE PROS - Adding a pool to your property provides home recreation and exercise. Your pool can be enjoyed for at least three months a year in most climates, offering an excellent way for the whole family to get exercise. Enjoy night swims, pool parties, or simply relaxing with friends and family members while beating the heat.

Another pro is that currently swimming pools are more affordable than ever because of the current building construction economy. You can install one for a fairly reasonable price while increasing the resale value of your home. Many buyers are often more attracted to pool homes as well.

THE CONS - Safety is a factor and you'll need to be diligent and prepared to supervise when children are around. You can be held responsible for any injuries that occur, so property safety is important. Pools come with maintenance. They have to be maintained correctly to ensure health issues don't occur. The proper use of chemicals is essential and keeping up with the pool maintenance such as sweeping and cleaning has to be scheduled.

SPAS/HOT TUBS:

Spas and hot tubs can be added to your home with a swimming pool or they can be added on their own. Many people love the idea of a spa because it can be used at any time of year. You have the ability to choose between indoor and outdoor spas, both of which come with their own pros and cons.

THE PROS - By spending a faction of the cost of a swimming pool you can enjoy a nice spa. You can enjoy soaking, relaxing, and relieving pain and stiffness, no matter the weather. Spas and hot tubs also make homes more appealing to buyers.

THE CONS - Spa also require maintenance and chemicals and cleaning to ensure trouble free operation. They also have more electrical equipment to operate the jets that is prone to breakdown.

As you can see, the addition of a swimming pool or spa can definitely offer you some great benefits. Take the time to do your research and consider both the pros and cons to decide if one or both options will work for you.


------

Bill McCormick is an experienced real estate agent and owner of a Re/Max Executive Realty office covering the market in the metro-west Boston area. Bill specializes in Homes for Sale in Upton, Mendon, Milford and Grafton Massachusetts towns. His website has more tips for house sellers and buyers at http://www.billmccormick.com