If you are in the market for a new home, a pool often sounds like a great idea, especially in Florida. Pools are in such high demand right now that pool contractors have waiting lists and there is a shortage of maintenance items like chlorine. But like anything else, there are pros and cons to owning a pool
Pros of a Pool Home
A pool can be a lot of fun and can increase a family’s social life. It can also be used for exercising, relaxing by the water, or just enjoying aesthetically.
Having a pool in Florida can increase the value of your home. When it is time to sell, your property may be more in demand or get a better price than a home without. It depends on location, the condition and type of buyers.
Cons of a Pool Home
There is ongoing maintenance required for a pool. It can take several hours per week to maintain a pool yourself and you need to know how to have the exact chemical balances and how to clean all components properly. If you hire a pool service company, you will spend from $75 to $150 per week. Along with the work there are many supplies needed and it can be expensive.
You must make sure your pool meets existing codes and safety requirements. You may have to install a child safety fence or door alarms. The pool light codes have been updated so older pools must be changed to reflect these new codes.
Homeowner’s insurance may be higher to cover a pool in a regular policy. And if someone is injured relating to the pool, you may need additional liability coverage which could increase the rates.
Even though many look for homes with a pool, when time to sell, there are some buyers who do not want that extra expense or liability, so it can limit the amount of prospective buyers, especially in a senior community.
A pool in Florida is a great addition to the home, but be sure to think about all the facts strategically rather than emotionally before making a final decision.