To many people, nothing spells out high-end living like owning a Denver million-dollar luxury home with a spacious outdoor pool. The idea of spending lazy afternoons reading a book or having a snack by the pool with family and friends is usually enough to entice people to invest in pool-equipped real estate. Pools are often touted as a fine addition to home features because of the relaxation they provide to their owners.
However, owning a poolside property isn’t always a relaxing experience. In fact, people will have to deal with additional responsibilities when they start owning a pool-equipped home. They have their own set of peculiarities that first-time homeowners should look into before considering a purchase.
Dive into the Positives
One of the peculiarities that pools have is their effect on home value. Real estate professionals agree that pools do not exactly add value to a luxury property unless the home itself is located in an area where most homes have pools. Having a pool can affect how fast a home can sell, especially in a locale with many pool-equipped properties. They can be pricier in such locations after all, due to the high demand for poolsides.
On the other end of the spectrum, an early pool investment can save the homeowner from money spent on backyard renovation, design and construction. There is less hassle to deal with from the get-go since the pool is already in place. The homeowner can thus focus on maintenance and cleaning, unless he or she intends to redesign the pool in the near future. The pool becomes available for immediate use as soon as the new homeowner moves in.
Negatives Bubbling Up
Of course, for every benefit of getting a poolside property there is bound to be an equivalent drawback. The expected main drawback will always be the maintenance and cleaning costs. Outdoor pools will have to be regularly drained and cleaned to keep them safe and healthy. Owners will also have to be warry of clogged drainage valves or pipes to avoid a buildup that can damage the property. Indoor pool owners will also have to worry about heating and moisture problems.
Another major but sometimes overlooked drawback to owning a poolside home is the insurance issue. Pools can be dangerous to unsupervised individuals, with risks going as minor as slipping to as major as drowning. Poolside homeowners will have to worry about the extra insurance costs that they have to pay for. Prospective investors will have to take that into account before going into any deals.
Weighing It All Down
Like any other luxury home purchase, prospective homebuyers will have to weigh in the costs and benefits of owning a poolside property. Their added costs can take a good chunk out of the home’s general maintenance budget. The fact that they still need an upkeep even when not used can also lead people away from buying homes equipped with pools. However, their potential extra value can make them a worthy investment in the long run, so long as the owner can keep things up.
In the end, it all comes down to how the pool will be utilized in the end. After all, Denver is a generally cold, and an outdoor pool would spend most of the year drained and unused. The homeowner must decide whether to keep with the purchase anyway, or to go for a different home instead. Comfort and luxury can give way to utility and long-term value in the end.
Luxury homes with pools can be a unique kind of home purchase in Denver, but they can have a detrimental effect in the long run. Weigh the pros and cons carefully before investing in a poolside upscale home, and never forget to consult with a local real estate expert to see how much worth the investment can be.