Also, it should be noted that even the best of the current above ground swimming pools do not increase your property taxes<\/a> or add any value to your home or property, as they are not permanent fixtures like an inground swimming pool is.<\/p>\n\n\n\n If you\u2019re thinking about installing an inground pool or above ground pool in your home or if you\u2019re simply wondering how much value an inground pool provides, this post is for you! There’s a limit to how much value an inground swimming pool can add to your home. Under optimal circumstances, an inground pool can increase your home’s value by around 7-8%.<\/p>\n\n\n\n The typical homeowner will spend at least 13% of their home’s value to build and construct an inground pool. This basically means that the value your inground pool will add to your home is unlikely to match the expenses it took to install the pool.<\/p>\n\n\n\n There are, however, other factors that can influence the value of your home in conjunction with having an inground pool. The two most prominent factors are the location of your property and your neighborhood. Let\u2019s discuss each factor in detail.<\/p>\n\n\n\n The value of your home greatly depends on where you live. In other words, an inground pool can add more value to your property if you live in a sought-after area. As Real Estate agents Like to say “Location, Location, Location<\/em>“.<\/p>\n\n\n\n In sunny locations like Arizona, Florida, Hawaii, or California, an inground pool can easily attract potential buyers.<\/p>\n\n\n\n Generally speaking, in warmer climates, homes with pools tend to be sold quite effortlessly.<\/p>\n\n\n\n Your investment will likely be more solid if you live in a neighborhood where swimming pools are commonly found.<\/p>\n\n\n\n In fact, if someone doesn’t own an indoor swimming pool in an area where everyone else does, it might take away from the home’s marketability. This is important to keep in mind and should be a small factor if you are on the fence with installing an inground pool. If you\u2019re thinking about installing an inground pool on your property, it\u2019s important to keep in mind that there are annual costs that you\u2019ll need to pay for upkeep, from electricity to maintenance to insurance.<\/p>\n\n\n\n The annual utility bill for heating a swimming<\/a> <\/a>pool<\/a> costs between $500 and $800. Running a circulating pool pump will also add to the costs; around $300 per year, to be specific.<\/p>\n\n\n\n Installing a pool can be costly initially, but it is important to know that pools have significant maintenance costs. According to Realtor.com, pool cleaning costs around $1,200 to $1,800 per year.<\/p>\n\n\n\n The cost will vary depending on where you live. It can also vary depending on whether you\u2019ll be cleaning the pool yourself, using a quality<\/a> <\/a>pool cleaner or pool cleaning robot<\/a>, or if you\u2019ll hire a pool cleaning service.<\/p>\n\n\n\n In colder areas, a pool will not be in use for most of the year, which translates to fewer costs. If you live in the warmer areas, however, you’ll likely have more upkeep and greater costs.<\/p>\n\n\n\n Pool services will filter, adjust, and clean your pool. They normally cost between $80 and $150 a month. This depends on how thorough the service is as well as the size of your pool.<\/p>\n\n\n\n Professional pool services typically charge anywhere from $150 to $300 for launching a pool at the beginning of the summer season and suspending at the end of the year during wintertime.<\/p>\n\n\n\n You might want to consider increasing your liability coverage in your insurance policy. This will let you pay a lesser amount on insurance.<\/p>\n\n\n\n Most underwriters require you to apply locked gates and child-proof fencing to prevent children from wandering off unsupervised.<\/p>\n\n\n\n In some areas, adding an indoor pool causes the annual taxes to increase, but it won’t add to your home’s selling price.<\/p>\n\n\n\n For that reason, it’s best to keep your total building costs between 10% to 15% of what you paid for your home. This is to avoid investing too much in a pool that won’t pay you back.<\/p>\n\n\n\n See some of our team’s most commonly run into FAQs regarding inground swimming pools and what you need to know before deciding to install one.<\/p>\n\n\n\n Adding a pool to your home will increase the chance of drowning accidents. With that said, you have to increase your insurance liability to cover all medical and legal expenses associated with pool-related incidents.<\/p>\n\n\n\n Yes, you can build it yourself if you have building experience. However, it\u2019ll likely take months to complete, as you\u2019ll need to carry out excavation, backfill, liner installation, hardware installation, and plumbing. That said, it’s always best to hire contractors to help you build it.<\/p>\n\n\n\n On average, installing an inground swimming pool costs around $35,000. The cost of the pool will boil down to its type, size, shape, and customization.<\/p>\n\n\n\n Small fiberglass pools, for instance, cost around $18,000, whereas large concrete counterparts can cost around $60,000.<\/p>\n\n\n\n If you plan to install an inground pool, expect to pay anywhere between $28,000 and $60,000 for the complete installation.<\/p>\n\n\n\n There are many types of inground pools; most popular of which are vinyl liner, fiberglass, and concrete. Vinyl liner pools cost about $35,000 and are the cheapest. Fiberglass and concrete pools cost around $40,000 and $50,000, respectively.<\/p>\n\n\n\n Inground pools are expensive because they involve many components and require a great deal of skill and effort to be installed. Not to mention that the larger the pool, the more expensive it\u2019ll be.<\/p>\n\n\n\n Note that there are multiple ways to finance the installation of a swimming pool, including bank and credit union financing.<\/p>\n\n\n\n A swimming pool is a great amenity to our house. It certainly enhances and adds value to your home, as well as fun and enjoyment for your family Friends. However, the value it\u2019ll provide is unlikely to match its expenses, so it is recommended to not look at it as an “investment”. However, there are many options to repurpose your old swimming pool<\/a> down the road if you ever get tired of it or decide you don’t want to deal with the maintenance and upkeep anymore.<\/p>\n\n\n\n So should you install an inground pool on your property? If it is within your budget, and it\u2019ll bring satisfaction and enjoyment to you and your family, then you should certainly consider it!<\/p>\n\n\n\n Also, checkout Dave Ramsey’s two cents on getting an inground swimming pool and how it relates to the value of your home below-<\/p>\n\n\n\n
<\/p>\n\n\n\nHow Much Value Does an Inground Pool Add To Your Property?<\/strong><\/h2>\n\n\n\n
Your Location<\/h3>\n\n\n\n
Your Neighborhood<\/h3>\n\n\n\n
<\/p>\n\n\n\nOngoing Inground Pool Payments & Costs To Consider<\/strong><\/h2>\n\n\n\n
Electricity Costs<\/h3>\n\n\n\n
Cleaning & Maintenance Costs<\/h3>\n\n\n\n
Heating and Filtration Costs<\/h3>\n\n\n\n
Insurance Costs<\/h3>\n\n\n\n
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<\/figure>\n\n\n\nFrequently Asked Questions About Inground Swimming Pools<\/strong><\/h2>\n\n\n\n
Does having a pool affect your homeowner\u2019s insurance?<\/h3>\n\n\n\n
Can I build an inground pool myself?<\/h3>\n\n\n\n
How much does it cost to get an inground pool?<\/h3>\n\n\n\n
What is the cheapest inground pool?<\/h3>\n\n\n\n
Why are inground pools so expensive?<\/h3>\n\n\n\n
Our Final Thoughts On An Inground Swimming Pool Adding Value To Your Home<\/strong><\/h2>\n\n\n\n