Maybe you have a swimming pool, or maybe you’re thinking of installing one in your backyard. Either way, you’re probably familiar with several commonly held beliefs about swimming pools. People often claim pools are expensive, they reduce your property value, they’re only worth having if you live in a warm climate.

Are they right? Let’s look into these questions more closely.

1.  Swimming pools cost too much to install.

The cost of installing a swimming pool varies depending on its size, type and location.

In ground pools typically cost more to install than above ground pools. This is largely because of the work involved excavating the site, moving and installing plumbing, electrical and other utilities.

Do you need to remove trees or demolish an old concrete patio? Installing an inground pool often means adjusting landscaping, as well as creating some sort of pool deck. This can considerably increase the cost of the project.

Conversely, it is much easier to prepare your yard to install an above ground pool. Little to no excavation is required, aside from leveling the ground and possibly digging a trench for electrical and water lines.

However, there are many affordable options available and the cost of owning a pool may be offset by an increase in property value. Which brings us to the next misconception:

2.  A swimming pool won't enhance the value of my home.

The accuracy of this statement depends on the value of your home, the age of your pool and the total cost of installation.

Above ground swimming pools aren’t usually included in your home’s appraisal. However, a well-maintained inground swimming pool could increase the value of your home up to 7%, depending on a variety of factors. For instance, a swimming pool may attract buyers and affect your home value more favorably if you live in a warmer climate.

Further, a study by the National Association of Realtors found that homes with pools sell an average of seven days faster than homes without pools.

3.  A pool won't fit in my backyard.

What type of backyard swimming pool are you interested in? If your top choice is an above-ground pool, you’ll be happy to know there are many styles and sizes available. For the smallest yards, you can even choose a metal frame pool or inflatable pool that can be erected and taken down seasonally.

Installing an in-ground swimming pool in a compact yard may be trickier, but a fiberglass pool, such as a cocktail pool or plunge pool, may be an option for homeowners with limited space. Check property regulations regarding setbacks and easements to see if installing a fiberglass pool shell is a possibility.

4.  Backyard swimming pools are expensive to maintain.

No doubt, there are costs involved in maintaining your pool. First, there’s the initial layout for pump, filter, hoses and possibly a pool heater. An array of pool chemicals from chlorine to water balancers, shock and algaecide will be part of your regular maintenance routine during pool season.

You can open, close and maintain your pool on your own, or hire a service to take care of these tasks for you.

On the bright side, advancements in technology and increased competition in the pool industry have made pool ownership more affordable. Energy-efficient pool equipment, improved water treatment methods and automation systems help reduce maintenance costs over time.

For instance, remote chemistry monitoring systems enable you to react more quickly to water chemistry fluctuations, saving money by using fewer chemicals.

5.  Swimming pools are only suitable for warm climates.

Backyard swimming pools may be more common in warmer climates, but families around the country enjoy pools. Swimming is great exercise and a pool is a natural spot for kids’ parties and backyard parties. For homeowners around the country who enjoy swimming, weather limitations are a small part of the equation in the decision to own a pool.

Even in areas where summer is shorter, pool heating systems such as solar panels, heat pumps or gas heaters can maintain comfortable water temperatures and extend the swimming season.

If you really enjoy swimming, don’t let common misconceptions dampen your enthusiasm. As with any home investment, you’ll need to weigh the pros and cons before deciding to install a swimming pool. However, a pool that’s the right size for your yard and family could be the best investment you make in your summer fun!

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