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Is it a good idea to put a pool on your property?

By Rikki Cook

When a pool will be a good investment

The first thing to consider is, of course, the climate! Do you live in a place that is warm or very hot during the summer? The next thing you have to consider isn’t the geographic location of your house, but the location of your neighbourhood.

Consider the value of the neighbourhood itself. People who can afford the upkeep of a pool likely are not going to move to a neighbourhood that is below their price range. Conversely, people who are moving to a less expensive area probably can’t afford the pool. Either way, you’ve potentially decreased the value of your home as you’ve alienated two groups of people. Consider your neighbours during this decision making process. Do many of them have pools? If your house is one of the only ones without a pool on the block, then your home will look less attractive to buyers.

When a pool will be a bad investment

A pool is a bad investment when you are going to have to spend a lot of money on the maintenance of it. Look around your property. If there are a lot of seasonal trees, or if the yard is in a lot of shade, a pool is probably going to be a lot of work. You also have to be wary of the trees on the property. Growing trees means growing roots – roots that could grow right into the pool’s lining, creating costly damages.

Are you thinking about moving soon or staying put? If you’re planning on staying in your home and enjoying the pool for an unforeseen length of time, then it might not be a good idea to build for value’s sake. Pools inevitably decrease in condition over time. New property owners will therefore likely ask when the pool was put in, and when it was last renovated. If it’s been 15 years since you last touched up the lining, then the pool probably isn’t going to be worth it to new owners, so they’ll move on.

No matter what, if you decide to build a pool, make sure it follows Queensland’s government regulations. If you have any more questions about if a pool is going to be worth your money, contact the team here at Ray White Alexandra Hills. We’ll help you decide if you want to put a pool in, or, if it’s a bad idea, we’ll help you find a place that already has a pool.

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