Lessons Learned About Sales
Buying a Home with a Pool To buy or not to buy a home with a pool is a personal decision, but there are various factors to take into account, having a big financial impact in the short and long run. Among others, these may include maintenance, insurance and safety costs that come with pool ownership. There is no question about the pool adding value to a property, but how? Data is unfortunately scarce, but location is a big factor. Hence, to be totally sure, select an area that is not going to hurt your cause, if ever you decide to sell the property years down the road. A pool adds to a home’s aesthetic, relaxation and entertainment value, but aside from that, there are many other variables you should look into before finally deciding to get a home with a pool. For example, is the pool screened or enclosed, heated or with water features? What is its general condition?
Figuring Out Homes
A home valued at $125,000 would generally cost you an added $8,000 to $10,000 for a pool. These is a mere estimates, of course, and you’ll have to check with a local appraiser for a more accurate picture.
Homes – Getting Started & Next Steps
Costs Your biggest pool expense is the weekly maintenance, which is totally necessary, but with a lot of pool companies charging $50 to $75 monthly for servicing, this is hardly a problem. Other costs you need to consider are fencing, self-closing doors, pool suction devices, additional homeowners insurance, and safety alarms, among others. Pool Inspection It is important to hire a pool inspector to inspect a pool, just as a home inspector must be hired to inspect a home. It’s wrong to mix the two, so don’t make a home inspector inspect a pool. Also, remember to ask the seller which company used to service the pool. That company knows the actual condition of the pool, as well as the costs required to maintain it. If you know more about the pool, you can make a smarter decision as to whether buying the property is a wise investment. Of course, the company would likely be happy to work with you too, as it would mean that the account can be continued. Conclusion Buying a home with a pool need not make a negative impact on your mortgage qualification. If anything, it could even help you sell more quickly. Homes with a pool often appeal to more homebuyers, meaning a faster sale later on and even more value to the final sale. You should also check your local municipality’s rules on home pool use (this is known as a Certificate of Occupancy). Keep in mind that municipalities are always revising pool regulations, so don’t count on what you may have heard from a friend or read on the Internet.