On average, back in 2020, installing an inground pool cost around $35,000, with most pool costs ranging between 28,000 and 55,000. But now it’s 2022, and pool costs are higher with the pandemic and inflation on the rise. Even with the rising costs, an inground pool can add value to your home in the long run. We will show you how here.
If you’re thinking about adding a pool to your home, there’s a range of design options to consider. Inground swimming pools are a popular choice, with one notable benefit being that they can increase the value of your home. This is because they can be very appealing to potential buyers.
With that in mind, there are a few other factors to consider to ensure an inground pool is suitable for your home. Keep reading for more about how they can increase your property’s value.
How Does an Inground Pool Increase the Value of a Home?
There are plenty of different types of pools; on average, an inground pool can add around 7% to the value of a home. With that in mind, it will cost more than this to install an inground pool in most cases.
Two main factors can affect how much a pool will increase the value of your home. The first of these is the location. Pools are best suited to warm areas, and Texas can get very warm in the summer, making pools desirable to potential buyers.
The other key factor is your neighborhood. Pools are generally a better investment in areas where most other homes also have a pool. It’s also worth noting that it can become harder to sell if your home doesn’t have a pool, and most of the other ones nearby do.
Other Costs to Consider
The overall cost of a pool will depend on the inground pool design. With that aside, there are also other costs that come with owning a pool.
Inground pool maintenance is essential and often costs hundreds of dollars (or even over a thousand) each year. This can vary depending on how much maintenance you do yourself and how much you use your pool throughout the year.
You also need to consider things like electricity and heating costs. These will be dependent on different inground pool features you may have. There will also be filtration costs to ensure your pool stays clean.
You need to consider these costs, along with the cost of installing pools, to get an idea of the overall cost you’ll be looking at. You can then weigh this against the value added to your home to help choose your pool design.
Are Inground Swimming Pools Worth It?
It ultimately comes down to personal preference. The cost of inground swimming pools is more than the value it adds, so it’s not worth getting one simply to add value to your home. However, an inground pool may be the best option if you want personal use.
Inground pools are longer lasting than other types and are generally more desirable to potential buyers. Backyard Pool Specialists provide professional pool services, including maintenance, renovation, and construction. To find out more about our services, click here to contact us today.