Summers coming – time to invest in a pool?

Inviting on long hot summer days, definitely a hit with the kids and perfect for entertaining, a pool is a popular lifestyle choice for many homeowners. But is it a good renovation idea when looking to add value to your home?

As with any new and exciting renovation idea, it’s a good idea to talk to the experts before taking the plunge into pool ownership. Organise a property appraisal with two property valuations (one with and one without a pool) and then look at how popular pools are in your suburb to determine whether, and how much, a pool would add value to your home. Climate is key when it comes to pool desirability – a third of homes in the tropical Northern Territory have a backyard pool compared with only 4% of homes in cooler Tasmania.

Average cost to build a pool
So how much does it cost to build a pool? Well it’s definitely a big ticket item but as with most home renovation ideas, the size, location and choice of finishes will have a big impact on the final price and payment method. Here are some of the choices that contribute to the overall cost of installing a pool.

Type of pool
Two common types of in-ground pools are concrete and fibreglass. Concrete pools offer more choices in shape, design and finish. And fibreglass pools can be more affordable as the prefabricated shells are delivered in one piece and are quick to install, but the shapes available are more limited.
The location of your pool and excavation required also has a big impact on costs, so take time to assess your block. Today’s trend in indoor outdoor living means smaller rectangular pools positioned close to the house are becoming more popular, especially in urban areas where space is at a premium.

Landscaping
Connecting your pool with your outdoor entertaining areas helps create a resort feel, but the costs involved with landscaping can become a large chunk of your budget. Tropical garden designs including hardwood timber decking, paving, feature walls, water features and tropical planting all help blend your pool blend with the surrounding landscape.

Finishes
And then there’s the wide range of pool coping and tiling options, from marble and mosaics, to pebble finishes and even crushed quartz. The size and position of your pool will also determine how much pool fencing you require by law (contact your local council for the latest regulations). Frameless glass is fashionable but traditional options such as tubular fencing are more affordable.

Equipment
Basic pool pumps and filtration systems are often included in a package but costs can increase when considering automated cleaners and sanitising systems. Heating your pool all year round will obviously add to your budget.

Next steps: choosing your pool builder
So it’s time to hire a pool builder. Hidden costs can often cause disputes so make sure you make a list of questions to ask a pool builder to understand what’s included. Obtain quotes from at least three builders, check licences with your relevant state or territory government fair trading department and make sure you follow up references. Make time to inspect one or more pools built by your preferred contractor and talk to owners about their experience.

Call Suzanne, Owun or Costa on 02 9517 1818, or email newtown1@mortgagechoice.com.au to discuss your options. Or, if you feel like dropping in at our office, we are located at Suite 106, Flourmill Studios, 3 Gladstone Street, Newtown 2042. Be sure to share our blog on Facebook and Twitter and let others join the conversation!

Posted in: Lifestyle

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