Three Things You Should Know Before Buying A Home With An In-Ground Pool

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Many house hunters think they want a home with an in-ground pool. They picture themselves spending summers relaxing by the water and hosting the coolest pool parties on the block. Unfortunately, once people buy homes with pools, they are often hit with some surprises that make them question whether buying a house with a pool was really the best choice. By being aware of these "surprises" now, you can make a more informed decision as to whether buying a home with an in-ground pool is really a good choice for you.

Your homeowner's insurance rates will be pretty high.

Insurance companies set their premium rates based on risk. A pool makes you a pretty risky prospect, so your homeowner's insurance premiums will be much higher than they would be if you did not own a pool. Depending on where you live, having a pool may add between $50 and $75 per month to your insurance premium.  Certain factors may increase your insurance rates even more. For instance, if the pool is visible from the street, your rates may be higher because the insurance company has to account for the possibility that someone will wander into your pool and become injured. If the pool has a diving board or water slide, the risk of injury is greater, and your insurance costs will be, too.

Municipalities usually have safety and building regulations regarding pools, and you will be required to follow them.

Some towns and cities require that pools are surrounded by fences of a certain height. In some areas, self-latching gates are required. Pool covers may be mandated by law during certain hours to prevent children from falling in, or items such as diving boards may be illegal. If the pool you purchase is not up to code, you may be required to make changes to it upon purchase of the property. If the municipality changes its requirements, you may need to make costly changes to the pool in the future, too. These regulations are usually more strict for in-ground pools than for above-ground pools because of the risk of someone falling in.

Many people don't use their pools as much as they think they will.

It's sort of an unspoken secret among pool owners. Many see their high-maintenance, costly pool in the backyard and feel guilty for not using it more. Before you buy a home with a pool, ask yourself if there is a less-costly alternative. Does a friend have a pool you could visit when you want to swim? Is there another less-costly backyard amenity, such as a grilling area or a volleyball court, that would be just as much fun? Removing an in-ground pool is a much bigger deal than taking down an above-ground pool, so once you purchase it, you had better be committed to using it.

If you decide it's worth the cost and maintenance effort, and if you really do intend to use it often, an in-ground pool can be a joy to own. Just make sure you take time to think through this decision before you commit to owning a house with a pool. If you want more information about how a pool could influence the value of a home or the costs that may come into play later, it may useful to work with an experienced real estate company like Century 21 Dynamic Realty. They will most likely be able to also address any questions you have about other yard or home features that can affect a home's value or insurance rates.      

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5 May 2015

The Perfect Vacation Home

Ever since I was a child, I’ve loved vacationing in the mountains. When I visit the mountains, I enjoy breathing the fresh air, sitting by a cool creek, and eating some delicious food. I would love to buy a small cabin in my favorite mountain town. Whenever my husband and I need a break from our hectic schedules, we could visit our cabin. However, in order to finance this type of purchase, I would need to be able to rent out the cabin to tourists when I’m not staying in it. On this blog, you will discover how a real estate agent can help you find the perfect vacation home for your family’s needs.