Installing an inground pool is a renovation project that many homeowners consider. It is necessary to understand, though, that this can be one of the most expensive projects to take on!
The average pool costs just under $50,000, including the basic filtration system, water fill-up, and stone coping around the edge. This cost does not cover any expenses related to the required fencing, decking, and other pool-related items. These additional requirements can add up to another $40,000.
In other words, you can expect to pay anywhere from $80,000 to $100,000 to install an inground pool!
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Is Paying for A Pool Worth It?
When it comes to the resale value of your home, installing a pool can significantly increase what your property is worth. This is especially true if many houses in your neighbourhood already have pools - you want to make sure that your home price is comparable to those homes around you.
On average, installing an inground pool will increase the value of your home by 6%. similarly, a home with a pool can be sold for $110,000 more than a house without one!
To add the most value to your home, consider incorporating custom pool features. Choose options that best suit the shape and size of your backyard, and add things like water features, unique shapes, and custom spas. The goal is to make potential buyers feel like they're getting a luxury feature in their home.
You must also ensure that you meet all of the building and zoning requirements and that you have safety features installed.
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