{"id":1120298,"date":"2019-06-10T16:07:31","date_gmt":"2019-06-10T16:07:31","guid":{"rendered":"https:\/\/dailyreckoning.com\/?p=107494"},"modified":"2019-06-10T16:07:31","modified_gmt":"2019-06-10T16:07:31","slug":"7-reasons-not-to-buy-a-house-with-a-pool","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1120298","title":{"rendered":"7 Reasons NOT to Buy a House with a Pool"},"content":{"rendered":"

This post 7 Reasons NOT to Buy a House with a Pool<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n

A friend of mine recently confessed that he\u2019d made a big mistake buying a home with a swimming pool.<\/span><\/p>\n

He said if he had a do-over, he would never have considered a house with a pool in the backyard knowing what he knows now. <\/span><\/p>\n

I asked why, since it seemed to me like a good investment at the time \u2014 with his two young boys and daughter \u2014\u00a0 <\/span>I would have guessed the pool was getting a lot of use. <\/span><\/p>\n

But after an hour long chat, it became pretty clear that the list of cons for owning a swimming pool clearly outnumber the pros. <\/span><\/p>\n

Here are my friend\u2019s 10 biggest regrets to owning a swimming pool:<\/span><\/p>\n

Regret #1: Costly Maintenance<\/b><\/span><\/h2>\n

Whether you hire a pool maintenance service or do it yourself, there\u2019s no cheap way to maintain a pool. If you do it yourself, you have to buy equipment, vacuums, nets, hoses, and add chemicals. These expenses all add up. And if you get someone else to clean your pool, you\u2019re looking at close to $500 per month. <\/span><\/p>\n

The average cost to maintain a 14 ft. by 18 ft. pool is $125 per week. Service includes skimming the water’s surface for floating debris, vacuuming the pool floor, brushing the pool walls, cleaning the filter, as well as checking the water and pH levels.\u00a0<\/span><\/p>\n

On top of that, you need to adjust your budget based on where you live. If you\u2019re in temperate areas like Washington or Ohio, pool season typically starts around Memorial Day and ends just after Labor Day. <\/span><\/p>\n

But, if you live in Florida or Arizona, pools are year-round affairs that suck your wallet and time dry. <\/span><\/p>\n

Regret #2: Repairs <\/b><\/span><\/h2>\n

In addition to regular weekly maintenance, your pool will occasionally need repairs. It could be something minor like a small leak in the lining that you can patch up yourself or you might be on the hook for a costlier repair. <\/span><\/p>\n

On average, you\u2019ll pay $200 to have a professional come repair a tear in a vinyl liner. If the entire liner needs to be replaced, expect to pay a minimum $1,700 for parts and labor. <\/span><\/p>\n

If you have issues with your pool\u2019s plumbing, which can lead to problems with your pool filter pump and heater, you\u2019re looking at around $1,000 to have someone come look at the issue and fix whatever is wrong.<\/span><\/p>\n

A good tip if you\u2019re considering buying a house with a pool is to ask the seller lots of questions about previous repair work. If you find out there\u2019s been quite a few small repairs, that\u2019s a warning sign there could be something larger to come. <\/span><\/p>\n

Regret #3: Higher Energy Bills<\/b><\/span><\/h2>\n

If you think your energy bills are high enough in the heat of summer, look at someone\u2019s bill who owns a pool. My friend says he pays an extra $300 a year in electricity to run his pool pump and whatnot. <\/span><\/p>\n

And if your pool is heated, you\u2019re looking at spending an average $100 – $600 a month! If you have a heat pump, you\u2019re on the low end. If your pool uses an electrical resistance heater, you\u2019ll be paying even more. Gas heaters are also common and will run you about $200 – $400 a month. <\/span><\/p>\n

Regret #4: Safety Risks <\/b><\/span><\/h2>\n

According to the Consumer Product Safety Commission, nearly 300 children under the age of five drown in swimming pools every year. A lot of cities require safety barriers to be installed around residential pools to prevent accidental drownings.<\/span><\/p>\n

A pool fence for an above-ground pool starts at $50 per panel at Home Depot. In-ground fencing will cost you a lot more. You can also get door alarms and other safety features that add up. <\/span><\/p>\n

Regret #5: You Might Need Additional Insurance<\/b><\/span><\/h2>\n

Insurance providers like to call residential pools \u201cattractive nuisances.\u201d Because your liability increases when you own a pool, you may need to bump up liability coverage on your homeowners policy. <\/span><\/p>\n

A good idea would be to look into buying personal umbrella insurance. If you ever get sued, the umbrella policy kicks in once you\u2019ve exhausted your homeowners liability coverage, which usually maxes out around $100,000-$300,000. You can buy a $1 million umbrella liability policy for as little as $150 a year.<\/span><\/p>\n

Regret #6: The Resale Value Is Not What You Think<\/b><\/span><\/h2>\n

Adding a swimming pool to your backyard should boost your home\u2019s resale value, or at least that\u2019s what you\u2019ve been told. The reality is homeowners with pools only saw a 48% return on investment at resale, according to the National Association of Realtors\u2019 newest remodeling impact report. <\/span><\/p>\n

In contrast, a new wooden deck would recoup 80% of the cost at resale. So although a pool is nice to have, it\u2019s not going to increase the resale value of your home by much. <\/span><\/p>\n

Regret #7: Water Attracts Wildlife<\/b><\/span><\/h2>\n

This might not sound like such a bad thing if you love animals. But when a raccoon is swimming in the same water you dunk your head in every morning, it\u2019s not so nice. <\/span><\/p>\n

Not to mention mosquitoes and other water-loving bugs will be drawn to your backyard oasis. <\/span><\/p>\n

Skimming the surface to remove bugs helps, but it\u2019s time-consuming and you spend less time actually swimming than you do cleaning. <\/span><\/p>\n

Bugs also attract larger animals, like raccoons and birds, which carry some nasty parasites that can contaminate the water. Ducks and geese droppings also can lead to illnesses like Salmonella and E. coli. <\/span><\/p>\n

And if you live where there\u2019s alligators and snakes, you might find an unwelcome guest one morning making a home in your pool. <\/span><\/p>\n

There you have it. A few things to consider before buying a house with a pool. That said, a pool is still a personal preference. <\/span><\/p>\n

Lots of people find the pros outweigh the cons so it\u2019s up to you to decide what\u2019s best.<\/span><\/p>\n

To a richer life,<\/p>\n

\"Nilus<\/p>\n

\u2014 Nilus Mattive
\nEditor, The Rich Life Roadmap<\/i><\/p>\n

The post 7 Reasons NOT to Buy a House with a Pool<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This post 7 Reasons NOT to Buy a House with a Pool<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n

A friend of mine recently confessed that he’d made a big mistake buying a home with a swimming pool. He said if he had a do-over, he would never have considered a house with a pool in the backyard knowing what he knows now. I asked why, since it seemed to me like a good […]<\/p>\n

The post 7 Reasons NOT to Buy a House with a Pool<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[366,2095,2784,2842,461,923],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1120298"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1120298"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1120298\/revisions"}],"predecessor-version":[{"id":1120299,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1120298\/revisions\/1120299"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1120298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1120298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1120298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}