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Thinking of splashing out on a pool? Is it worth the investment?

Written by Lachlan Elder | Oct 6, 2024 10:00:00 PM

Having your own pool is enticing in Sydney, where the summer months stretch long and hot. Whether for fitness or a family hangout spot, a pool promises a lifestyle upgrade. But before diving into the deep end, it’s worth asking—will it be a sound investment for your Northern Beaches property and lifestyle?

What are the pros and cons of adding a pool to your property?

Installing a pool is more than a luxury—it can significantly enhance your home’s appeal and day-to-day living. However, it’s important to weigh up both the advantages and drawbacks before committing.

The pros

1. Family fun and entertainment: A pool creates an instant backyard oasis, perfect for family gatherings, BBQs, and keeping kids entertained for hours. 
   
2. Fitness and wellbeing: Whether you’re an avid swimmer or are looking for a low-impact way to stay active, a pool is great for cardiovascular health. Regular swimming can also improve strength and flexibility without straining your joints. 

3. Boosts property value: Many Sydney buyers and tenants see a pool as a major asset. With proper landscaping and thoughtful design, a pool can add value to your home and help it stand out in a competitive market. 

The cons

1. Ongoing maintenance: Having a pool involves ongoing care and responsibility. Pool chemicals, cleaning equipment, and water bills add up quickly, especially if you’re considering hiring a pool service to reduce the workload.

2. Environmental impact: Pool water usage can be significant, and with water restrictions a reality in times of drought, being mindful of how you maintain your pool is key. A water-efficient filtration system or a pool cover can help minimise water loss and ensure you're doing your bit to preserve this precious resource.

3. Safety concerns: Pools are fun but have significant safety risks, especially for children. You must ensure your pool area is registered and complies with stringent NSW safety regulations

4. Limited appeal for some buyers: Not all prospective buyers and tenants see pools as a plus. In contrast, some prefer a low-maintenance backyard or are concerned about costs. This is something to consider if you’re planning to sell or rent your home soon. 

Owning a pool is much like caring for a pet—it brings joy to your life but requires time, effort, and costs. So assess whether you're ready to take on the responsibility before diving in.

Where to get started?

If you're convinced that a pool is right for your home, the next step is planning. 

1. Set your budget: Pool prices increased about 30% during the pandemic and vary widely depending on several factors:

  • Size
  • Material: fibreglass or concrete.
  • Position: above-ground or in-ground.
  • Landscaping: predominantly your choice in pavers and fencing.
  • Extra features: heating, lighting, a pool cover, or a water feature. 
  • Ongoing maintenance expenses.

2. Work with professionals: Find a reputable pool builder through SPASA with experience working in Sydney’s climate who understands local council regulations. They’ll work with you, ensuring your pool complements your home's design.

3. Ensure compliance with regulations: When you use a SPASA supplier, they provide a contract that guarantees your pool complies with current legislation.

How much will a pool add to my home’s value?

If you plan to stay in your home long-term or are looking to attract premium tenants in the Northern Beaches, a pool can be worth the investment. HouseLogic says a pool can potentially boost your home’s value by 7%, while the 2023 Domain End of Year Report highlighted that “pool” was the most-searched term for Australian buyers last year.

All up, adding a pool to your home is more likely to be a lifestyle choice than investment one. There’s no doubt that having a pool at home can elevate your lifestyle, and when the time comes to sell, a beautiful pool set in inviting gardens is always going to appeal to buyers. 

Are you thinking of buying or renting out your Northern Beaches home?

Speak to the LJ Hooker Mona Vale team, and we can share valuable insights into what tenants and buyers are looking for in the Upper Northern Beaches.