While installing a swimming pool may be a good idea for summer, it might not add much value to your home advises Berry Everitt, MD of the Chas Everitt International property group.
He explains that home owners need to be prepared for the fact that pools take a lot of maintaining and no matter what it costs to install a pool, you’ll only get a maximum of about 15% of the outlay back in terms of the value added to your home if you decide to sell the property.
This is compared to up to 100% of the outlay on a new garage and up to 300% of what it costs to the paint the house inside and out.
'You should be very sure before you build a pool that your family and friends will love it and use it a lot – and that you are going to live in your current home long enough to enjoy it yourself and justify the building and maintenance expenses.'
Source: thepropertymag
