Kenneth Bargers Blog

Pool Owners: Be Prepared to Pay

The water temperature may be just right, but the cost of buying and operating a pool is scalding. 

Anyone who contemplates owning a pool should expect it to cost at least $3,000 a year, or $5,000 if they turn the job of maintaining it over to a pool service, estimates Susan Elser, a certified financial planner in Indianapolis. 

Installing a pool along with the required extras like a high fence costs at least $25,000 and probably $50,000 is a better estimate. And in most parts of the country, it isn’t likely that pool owners will get their money back when they sell. 

“I question whether it adds anything to the [sale price],” says Ed Rose, a financial planner at Bayside Wealth Management in Pensacola, Fla. “It may contribute something, but you’ll never get your money out of it on the resale.” 

Source: The Wall Street Journal, Brett Arends (08/11/2010)

August 18, 2010 - Posted by kbargers | home maintenance, real estate | bargers solutions, bayside wealth management, brett arends, ed rose, florida, home selling, indianapolis, kenneth bargers, pensacola, pool installation, pool maintenance, pool value, realtor, susan elser, wall street journal