What to consider before installing a pool in Lapeer Michigan…The decision to build an in ground pool isn’t one to take lightly. Apart from the installation costs, which typically run into the tens of thousands of dollars, you have to factor in ongoing maintenance expenses as well as insurance and tax implications. And you can’t be assured of recouping your investment when you sell. While a pool may be attractive to some buyers, others might be put off by the upkeep or safety concerns.
The average cost in the U.S. to install, equip and fill a 600 square foot concrete pool starts at $30,000. Add in aesthetic details like waterfalls, lighting, landscaping and perhaps a spa and you’re easily looking at approaching 6 figures.
Decide on a filtration and heating system:
The filtration pump is the biggest energy hog in a pool system, so you want to get the most efficient pump possible. The good news here is that new, variable speed pumps use up to 80% less energy than old single speed pumps, cutting operating expenses dramatically. At about $1,500 these cost more up front but some local utilities offer rebates through participating pool dealers. You can further cut energy costs by setting the pump to run at non peak times, when rates for electricity are lower.
Account for ongoing maintenance expenses:
All pools require that the water be balanced for proper ph, alkalinity and calcium levels. They also need sanitizing to control bacteria and germs, which is where chlorine has traditionally entered the picture. These days you have a variety of options, including systems that use bromine, salt, ozone, ionizers or chemical compounds that can be less irritating to skin. Chlorine remains the most popular because the upfront costs are reasonable and you don’t have to be as rigid about checking the levels on a set schedule. But as far as your wallet is concerned, they all even out in the end.
Factor in insurance and tax implications:
A basic homeowners insurance policy typically covers a pool structure without requiring a separate rider but you should increase your liability from the standard amount. It costs about $30 a year to bump coverage from $100,000 to $500,000. Many underwriters require you to fence in the pool so that children can’t wander in unsupervised. In some areas, adding a pool may increase your annual property taxes but it won’t necessarily add to your home’s selling price.
references: houselogic, julie sturgeon, NAR