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ARE SWIMMING POOLS REALLY AS DESIRABLE AS SOME SELLERS AND REALTORS WANT YOU TO BELIEVE?

 BUYING A HOME WITH GOOD RESALE VALUE:

Found a house that you really like but unsure if you will regret buying it because it  has a pool? 

Why do many people have trouble selling them later...why do many fill them in....why are they typically bought by people who never had one before....why can they greatly increase your living expenses and become a huge

Typically, the addition of an in-ground pool does not affect the resale value of a residential property. For some a pool is a detriment and frequently  a  potential buyer will expect to get estimates for having the pool removed (filled in) and getting landscape in its place and that these costs be  deducted  from the asking price when they make their offer.

Should you buy a house with a pool or not? Important considerations include:

• What are the costs for chemicals, cleaning and regular pool maintenance, and who will perform that work? f you aren't able to paying the extra money for better chemicals  then you will have red, stinging eyes, bleached hair, and damaged swimwear 

• How will the cost of your homeowners insurance change and will you need extra liability coverage because you have a pool?

• How will you keep out uninvited guests, such as kids who can't swim and are too young to recognize the danger? Will you need to install a fence with a locking gate? How much will it cost? 

• Will you drain the pool in the off-season or buy a cover? Will the cover support the weight of a child?

  • in-ground pools usually are taxable as property improvements so check first about possible property tax assessments
  • pool buyers should talk to their insurance agent to find out about additional homeowner coverage for the new pool. Pool safety should be a major concern before you make your decision. Drowning is the No. 1 cause of death in children younger than 5 in Florida and California and the No. 2 cause in a dozen states.
  • having a pool will limit the number of possible sales of your home because many people with small children will not want the risk while older people may not be able to use them. Couple this with the many yuppies (professionals)  whose lives are too busy to mess with taking care of one.
  • you may hurt yourself, financially,by buying one.
  • Swimming pools may be a hit in California but in Missouri they are a headache, since you don't get to use them for the full 12 months but you have the liability  and insurance costs.
  • long with the cost of insurance and property taxes your water, sewer and electric bills will be higher
  • Yard sizes are smaller in modern homes than in older homes, but there should still be a decently sized front and back yard. for resale value Do not buy a house where a large portion of the entire back yard is taken up by a swimming pool, for example. where the backyard is wall-to-wall pool, it can actually discount the property's value,
  • And if you really want to gag go to a search engine, such as google  and type in swimming pool infections. YUK! (My favorite is the one about watery diarrhea..) Type in swimming pool e-coli . That is enough to not only keep you from buying a pool and also from ever going to a neighbors for a swim!
  • Also having a pool can increase your cooling costs. Ever notice how quickly heated water will warm a cold kitchen or bathroom? In the summer when it is hot guess what is happening right outside your door, surrounding you with extra heat....and you set yourself up by buying it!
  • uninformed buyers have bought homes with pools that they find must have work done by the end of the very first season they use the pool, due to unscrupulous

    Sellers who have made it appear to be in perfect condition when in reality it was going to be extremely costly to fix have "suckered in' many an unsuspecting (usually first-time pool owner).

     

     

    Modern thinking is: it is much smarter to save the extra money from all the liabilities of having a pool and take a really nice vacation each year.

    Swimming pools used to be a status symbol for homeowners, (Think how many of us used to watch the Clampetts with their "cement pond")  but in most cases they have turned into a drawback when it comes time to sell a home. Safety seems to be the number one area of concern for prospective buyers.

    Realtor Bryn Hilton of Coldwell Banker,who deals exclusively in luxury homes finds that many of his clients shy away from homes with swimming pools (including even a very small pool holding only 20, 000 gallons)  even if they like the house.

    "For most of my buyers, it has come down to the whole safety issue if there will be small children living on the property," Hilton said. "However, I also had one buyer who liked the concept of having a home with a pool, but he was worried about the liability and maintenance costs. If the neighbor's child climbed over the fence and fell in the pool and was injured, my buyer was concerned about being held liable and a lawsuit developing." (Hey, I wasn't going to mention the "West Nile" and contamination factors that go with that!)

    In today's market, Hilton said, buyers are looking for a backyard that is private and conducive to entertaining and outdoor dining. They like yards that have an abundance of greenery, an outdoor entertaining area and some privacy.

    "Lush landscaping, stamped concrete patios, cobblestone pavers and landscape lighting are all elements that my buyers respond positively to. Also, a built-in barbecue with outdoor counter space seems to be very desirable with today's buyers," Hilton said.

    The selling points for backyards are pretty simple, according to William Phillips a broker Dallas—and pools are not very often on the list.

    "The pace of life is just getting so out of control that most folks are looking for a yard they can relax in. Space, privacy and freedom from noise pollution are of utmost importance, probably because these are items that are becoming so hard to find in Silicon Valley," Walker said. "For families with kids, space for the kids to safely play is also a huge concern. From there, the attractiveness of the landscaping, ease of maintenance and space for hobbies such as gardening and barbecuing all come into play as well."

    Phillips said pools are not the draw or status symbol they once were. "Now swimming pools are like boats—they're lots of fun; however, it's much better to have a friend that has one than to have one yourself. The most common objections are the added liability, the hazards for children, the added upkeep and the space constraints they put on the yard."

    Phillips still gets buyers who are specifically looking for a pool, but they are far outnumbered by buyers who adamantly refuse to look at anything with a pool.

    "The vast majority of buyers will take a pool if the house has one but they aren't specifically looking for one. For this reason, a pool really adds no value to a property, unless you're talking about upper-end homes with large lots and very elaborate pools. For most, though, there is no value added, and in some cases where the backyard is wall-to-wall pool, it can actually discount the property's value," he said. And forget the old-fashioned kidney shaped ones.

    Walker has a pool of his own but wasn't looking for one when he bought the house. he would just as soon fill it in and have a big, open backyard,.

    Realtor Andrea  Rice-Collins of Coldwell Banker also believes swimming pools are a liability for resale.

    With the experience of 31 years in real estate, John Clinton of ReMax said swimming pools are not considered an asset in most cases. 

    Clinton tells clients that if they really want a pool, they should buy a house with a pool because they will get the pool free or at a very nominal cost compared to the cost of putting a new one in.

     

    By the same token, make sure you really want it as many clients have ended up hating them with all of the drawbacks they have. It can be expensive to just fill them in to get out from under all the liabilities they bring.


    Psychology Today July/Aug 2005 Page 21 University of Florida researchers have confirmed what avid swimmers already know: A dip in the pool works up an appetite. Swimming in cold water spurs swimmers to consume almost 50% more calories after exercising than people who swim in warm water. The difference may explain why people trying to lose weight have LESS success with swimming than with cycling or jogging. ILLNESSES CAUSED BY SWIMMING POOLS

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