Home renovation and real estate shows almost always paint backyard pools in a positive light, but the reality is that pools represent serious maintenance, repair, and insurance costs that you may not think about when buying. Remember that a pool does not add much if any ‘value’ to the house, because just as there are people with positive feelings towards pools, there are also people with firm negative feelings.
Whether you plan to install a pool (which, by the way is a bad idea if you’re trying to make your money back in home value on the upgrade), or you’re looking at a home with a pool and thinking “what a deal”, you should remember a few things. Aside from the huge initial cost of putting in a pool, you have to think about the heavy maintenance costs of owning one. Repairing cracks, re-sealing it, repairing siding, and the cost of regular cleaning, chemicals, filtration systems, water, replacing pumps and motors. These things quickly raise the cost of having a pool.
You must have insurance when you have a pool (if you are wise). Be aware that insurance companies are not fond of insuring homes with swimming pools, as no matter what kind of pool it is, they can be dangerous. Of course, this article should also point out the positive light here.
Having a pool is supposed to be a positive experience, so understanding what you’re getting into cost wise, you’ll have less stress later on, because you expect it already. When you consider buying ga home with a pool, just make sure that you have an idea of the general monthly fees to maintain it, and maintain it as well as you can to prevent any avoidable repairs.
Be sure to reserve your right to regularly inspect and maintain the swimming pool or hot tub without notice to the tenant. You will need to access the pool during business hours only to perform your maintenance duties and it is always a good idea to give your tenant notice that you will be inspecting. If you decide to keep a regular maintenance schedule, it would be a nice thing to do to attach a copy of the schedule to the swimming pool/hot tub addendum.