A pool in the backyard is a fan favorite and big wow-factor when it comes to increasing a property’s market value. For most real estate buyers, a home with a pool is a dream come true. And it’s never been truer than during the pandemic, when Canadians sought out homes with pools for extra relief and normalcy as COVID raged on.
So, if a pool is the epitome of at-home summer entertainment, why not get one? Having a private pool depends on a few factors; personal taste, budget, and lifestyle. It’s also a cost that will be needed to consider when calculating ongoing maintenance after installation.
However, if you’ve made your mind up, we at Larsa Developments want to give you our two cents, to make sure that you’re making the best choices for your long-term benefit, to not only enjoy the pleasure of the pool but also increasing the equity of your home with a few little additions so you can enjoy it year-round.
1. Swimming Pool Heaters
Adding a swimming pool heater is a must-have on your list. The prime time use for most inground pools in Canada is from May to September. But with a swimming pool heater, you can extend your swimming season in perfectly tempered pool water long before and after the May-September window. There are many options on the market, from electric to gas, solar and pumps so you can find what works perfectly for you.
2. Solar Blankets
If you don’t have the budget to get a full-on heater, look into a solar blanket. Solar blankets are more affordable options for retaining the pool’s temperature and keeping it swimmable. It’s designed to keep heat from escaping, which means you can expect to get a few more weeks out of your pool. It’s best to use them on cold days and they can then be removed in the summer months.
3. Go Indoors
Pools don’t have to be outside. For those who live in densely populated areas with more eyes than they prefer, indoor pools or Jacuzzi’s can mean private enjoyment while still adding to your real estate value.
Indoor pools are especially enticing for prospective home buyers in Canada because that means the water temperature is perfect all the time, and the pool is open year-round. It may come at an extra cost when installing insulation, non-slip, water proofing flooring, and a good ventilation system that eliminates moisture and steam build-up, but it is a worthy investment.
Final Thoughts
Getting a pool should be a calculated investment rather than a whim of desire. It isn’t the type of decision you want to rush. Owning a pool can cost anywhere from $20,000 to $30,000 CAD with an additional maintenance cost of 10-15% of the initial pool cost per year. But it does have its advantages. Homes with pools can yield an average ROI of 10% to 40% on the market value and sets it apart from the neighboring competition.
If you’re considering installing a pool, contact us and let us help consult you on the best way to move forward – so you know what you’re getting into and how it will add to your property.