Considering a swimming pool for your investment property can be a valuable enhancement. Whether it’s a single-family home or multi-unit residence, a pool can add appeal, especially in warmer climates where outdoor amenities are sought after. Despite concerns about the costs of installation and maintenance, the long-term value of a well-planned pool can be worthwhile. Here, we’ll discuss the primary types of in-ground swimming pools, including their costs, maintenance needs, and benefits for property value.
Types of In-Ground Swimming Pools
- Concrete Pools Concrete pools are the most established type, offering nearly unlimited customization. Builders can adjust the depth, size, and shape, making them ideal for unique or larger spaces. They are highly durable and resistant to sharp objects, but they require significant upkeep due to their porous surface, which is prone to algae buildup. Concrete pools are not suitable for saltwater systems, as salt can erode the material. Installation costs are the highest for concrete, ranging from $50,000 to $100,000, but their flexibility in design can make them a valuable investment in the right property.
- Fiberglass Pools Known for durability and low maintenance, fiberglass pools are a quick-to-install option. They typically take only a few days to install, and their non-porous surface resists algae, reducing the need for chemical treatments. Fiberglass is compatible with saltwater systems, making it a good choice for modern pool builds. Initial costs for fiberglass pools range from $45,000 to $85,000, making them less expensive than concrete. They also offer a lower long-term cost, with a 10-year projected maintenance cost of about $3,760, significantly less than concrete. However, fiberglass pools are prefabricated, meaning size and shape options are limited.
- Vinyl Liner Pools Vinyl liner pools are the least expensive upfront, with costs ranging between $35,000 and $65,000. However, the liners require replacement every few years, adding maintenance costs of around $4,000 per replacement. Vinyl liners are slightly porous, making them more prone to algae buildup and needing chemical treatments. They can be a budget-friendly choice for properties where installation costs are a major consideration, though long-term maintenance should be factored in.
For properties in warm regions, a swimming pool can enhance the property’s appeal to renters and buyers, potentially leading to higher occupancy and selling prices. Pools can become an outdoor focal point, increasing the attractiveness of a property, especially if other amenities complement the pool area. A well-maintained pool can contribute to long-term value and enhance the lifestyle appeal of a property.
Adding a swimming pool to an investment property is a decision with both upfront and ongoing costs, but with the right planning, it can become an asset that attracts buyers and tenants alike.
