Summertime in Texas is HOT. So naturally, backyard swimming pools are plentiful across the Lone Star State and they sure come in handy on those sweltering days when the A/C just won’t cut it. But when it comes time to buy a home, are swimming pools a value added aspect or just a money pit that homebuyers aren’t prepared for?

You’d think a swimming pool would greatly increase the value of a home. Why wouldn’t someone want one? Well, look at it like this – weekly chemical treatments, higher utility bills, constant pool skimming, and higher insurance rates. Your first inclination when buying a home with a swimming pool isn’t all the time and money you’ll have to put into it. It’s the hot summer days and the cold daiquiris. But don’t let the benefits of pool ownership keep you from remembering the inherited responsibilities. Pools are very time consuming and costly.

Before you plunge into a home with a swimming pool, do your due-diligence and make sure it’s feasible for you and your budget. Don’t get duped into thinking a pool is an easy investment. It takes a lot of sweat and liquid equity to maintain its value. Keep in mind – many DIY projects are possible for pool owners which will save you a bundle each season.

For information on the mortgage and housing industry in Texas, please contact us at ELGLoans.com