Talking Points …
- As the weather heats up, some home buyers may be considering purchasing a home with a pool.
- If a home that is in foreclosure has a swimming pool that has been neglected, it’s possible that it’s hiding years of neglect, bad siding, algae, and other mysterious damage.
- It can be difficult to estimate what pool repairs may be needed during a basic home inspection. If the home is a short sale, the pool may be sitting for months longer and cost more than the buyer initially estimated.
- On the other hand, a pool may add extra value to the property, as well as years of personal enjoyment. Adding a pool to an existing home generally is not advisable for a buyer who does not plan to living in the home for long term. Dollar-for-dollar, buyers will never recoup the costs of adding this amenity.