In-ground swimming pools
In-ground swimming polls produce similar results to aboveground pools, but the money involved is much greater. Depending on the site conditions and size of the in-ground pool installed, you could pay up to $30,000 for the improvement. With hard bargaining and some compromises, you may be able to get by with an out-of-pocket expense of $20,000. If you will agree that an average investment in an in-ground pool is $25,000 (and this figure is considered low by many standards), you stand to lose at least $12,500 when you sell your house.
Let?s say you have the pool installing use it for five years before selling your house. You will be paying approximately $2500 per year, not counting maintenance expenses, for the privilege of swimming in your private pool. If this fits into your budget and desires, fine, but don?t say I didn?t warn you of the poor pay off on the pool when you sell the house.
Some statistics indicate that pools return only 20% of their initial investment. If this is the case, your annual cost is been $4000. According to the license appraiser I talked with, a pool could return anywhere from 0% to 50% of its original cost.
If polls are such poor investments, why do so many people have them installed? Some people have no idea what their personal swimming pleasure is going to cost in the long run. Others are aware of what they?re doing, but are willing to pay the price for what they want. As long as you are aware of the potential shortfall of your investment, buying a swimming pool can be a lot of fun.
There?s nothing like a good bit of artwork to add to your poolhouse. If you?re looking for someone nationally recognized but still affordable, try Charley Harper.
Windows & Doors
If you?re in Cincinnati, Cincinnati doors can help you with any window and door needs you may have as replacing your home?s windows and doors, if they?re in need of repair, can dramatically improve your home?s value.
Tennis courts
Tennis courts are not as common as most residences as swimming pools, but they fall into the same category of personal enjoyment improvements that are very unlikely to pay for themselves. The cost of equality court hinges on many factors: site condition, type of construction, quality of construction, and so on. But a good court can deflate your bank account by at least $20,000 and a cost of $30,000 would be unheard of. Again, as long as you?re willing to pay to play, investing in a tennis court is fine, but don?t expect much return on your investment.
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