Your pool
as an investment
One of the
Most Expensive purchases
Any swimming pool will probably
be the 2nd or 3rd most expensive thing that you buy and so
it is worth while examining whether it will be a good investment
or not. There is a quite comprehensive article on this in
our blog dated May 2008.
Fibre Glass
and Modular Panel Pool Kits are just a Waste of Money
Please bear in mind that if
you buy a glass fibre or modular panel pool kit, and it costs
15 to 20,000 euros and it has a 10 year guarantee then it
will actually be costing 1500 to 2000 euros per annum in depreciation.
Fibre Glass
and Modular Panel Pool Kits will have Negative Values in 10
years
Furthermore such pools will
actually have a negative value because they will need to be
removed eventually. This involves getting a fibre-glass pool
out of the ground (a crane will not do it because of suction
from the soil), cutting it up and loading it into a truck
and then backfilling the hole. This will cost at least 5000
euros and possibly 6 or 7. The costs for a modular panel pool
may be a bit less.
Perhaps it
is better to buy a smaller high performance pool?
If you just want a pool to
sit by and for the children to play in we suggest that you
consider the installation of a small high quality pool and
spend any further money that you might have available on labour
saving devices like automatic pool chlorination, automatic
PH control, robot cleaners and heat pumps to extend the swimming
season. In most cases the argument that bigger is best does
not apply to swimming pools (this is the exact opposite of
what every other pool installer will tell you)
Most Fibre
Glass and Modular Panel Pool Kits are installed by sub-contractors
Luke and I are professional
civil engineers that actually get out onto the sites and install
the Bluepools that are"Built for
Life". We do not pressurise you to sign the contract
and then hand it on to a crew of pool installers that are
incentivised by bonus schemes to get it done as quickly as
possible and move on to the next one.
Please remember that we both
passionately believe that the pools that we install are the
best value available. In 10 years time you will still have
a pool that enhances the value of your property and will not
be thinking "How much is it going to cost to get rid
of that useless hole in the ground!"
From the Bluepools
Blog
Does the installation
of a swimming pool increase the value of a property?
May 7th, 2008 by willwitt
This is a leading
question that many of our clients are very interested in after
we have provided a pool installation proposal.
So how can you
assess whether the pool that has been offered to you is good
value for money?
There is one universal
truth that applies in every country in the world - “If
the pool is of poor quality it will reduce the value of your
property”
How can you
assess the quality of a pool proposal from a pool installer?
You need to answer
these questions;
1. Is the pool
guaranteed for life or is the guarantee for a fixed period
and hedged with weasel words like “Manufacturers Guarantee”?
(this means that only the pool components are guaranteed -
not the pool installation - so if poor soil conditions cause
the walls of your pool to collapse do not expect the kit supplier
to do anything about it)
2. Is the pool filtration equipment equipped with a sand filter
and guaranteed to have the capacity to filter the whole pool
in 6 hours or less (This is the minimum required to ensure
that the water is not polluted - the filtration equipment
for many kit pools will take 12 hours or more)
3. Are you absolutely sure that the pool will not float out
of the ground in winter? (Fibreglass and ceramic pools are
very prone to this)
4. Does your pool have a heavy structure designed by an engineer
- If not and you have a high water table or clay in your garden
the pool will possibly collapse the first time that it is
emptied
5. Is the pool rectangular in shape? - many people only like
the classic lines of rectangular pools
6. Are the pool coping stones attractive and accurately laid
with regular joints that line up with the paving that surrounds
them?
7. Are you sure that the paving around your pool will not
subside (the avoidance of susbsidence needs special precautions
that cannot be provided with any panel wall kit)
8. If your pool does not have a liner - are you sure it does
not leak? - the pool must be kept full of water to maintain
it in good condition and this is very difficult and costly
if the pool leaks
9. And last but not least - can the pool installer show you
other pools that he has built and introduce you to the owners.
If you can answer
yes to the 9 questions above you almost certainly have a proposal
for a good quality or high performance pool - so let’s
move on to other considerations. These factors will all tend
to be different depending on the country or area that the
pool is being built in.
The affect
on property value following the installation of a high performance
pool
(i) A quality pool
will always add value to an upmarket property but it will
be difficult to prove that the whole investment in the pool
will be recouped - hence the better the value of the pool
the higher the return.
(ii) Investment
buyers for holiday lets view a pool as essential because the
rates for holiday lets can normally be increased by between
50% and 100% - but pool heating will also be essential - especially
in the UK (Click on Pool
Insulation to find about using your pool as a Solar Heater)
(iii) Most private
buyers of an upmarket country property want a pool - but they
hate the mess and risk involved in getting one built.
(iv) An up market property with a pool will sell faster than
one without if the properties are more or less comparable
in price.
(v) The pool is valued higher if it is seen to be an integral
part of the house by being close to it and connected by hard
paving - as most can be.
In France where
we have been building pools since 2004 it is our experience
that the cost of the pool will be recouped on the sale of
the property if it is a quality installation in an appropriate
property.
The following link
seems to prove it
www.homemove.co.uk
Will Witt
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