Backyard Money Pits

Friday, August 13, 2010 - 10:06am

Are pools becoming a financial drain on homeowners?

One of America's most endearing status symbols, the backyard pool, may be taking a back seat to practicality.

Financial advisers and even real estate agents say homeowners can sink a lot into building and maintaining a pool without increasing home value.

"Not only in terms of not increasing the value and getting back the money you spent but having a limited audience to who you can sell your home for, somebody who really wants to maintain that pool," explains financial adviser and former pool owner Susan Elser.

Building a pool can set you back $25,000 $50,000, and that doesn't include things like a concrete skirt around the pool or a fence to keep it safe.

Then there are maintenance costs, chemical and cleaning expenses that add as much as $4,000 a year.

Pool owners also complain their kids often head to community pools because that's where the other kids are.

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