So you’d like to go for a dip on your own property. PennyGem’s Justin Kircher takes a look at what installing a pool does to the value of your home.
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00:00so you'd like to go for a dip on your own property here's a look at what installing a pool does to
00:09the value of your home getting a pool was a big moment in christmas vacation with this bonus check
00:14i'm putting in a swimming pool but the expensive project might not do much for your property value
00:21okay it's likely a better investment than the jelly of the month club but with an average cost
00:26of around 28 grand for installing an in-ground pool according to home advisor you might not see a
00:31return hgtv says an average 14 by 28 foot in-ground pool can add five to eight percent to the value
00:37of a home but with the cost your property value will already need to be north of 550 000 for it to
00:43really pay off according to redfin it does matter where you live as hot weather areas like california
00:49texas and florida unsurprisingly see the home value go up however the outlet found that a pool in
00:54colder climates like boston for example can actually detract from the property value of course once a
01:00pool is installed the costs do keep coming as home advisor says the price tag for utilities and
01:05maintenance can range from 500 to 4 000 each year there's also the matter of insurance with fox
01:11business saying that the insurance information institute recommends adding 300 to 500 000 more
01:17to your liability coverage
01:18you