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From: slb@drutx.UUCP (Sue Brezden)
Newsgroups: net.consumers
Subject: Re: House improvements--swimming pools
Message-ID: <37@drutx.UUCP>
Date: Fri, 27-Sep-85 10:01:27 EDT
Article-I.D.: drutx.37
Posted: Fri Sep 27 10:01:27 1985
Date-Received: Sun, 29-Sep-85 08:09:15 EDT
Organization: AT&T Information Systems Laboratories, Denver
Lines: 35

>>  	    improvements make for a high appreciation rate, and others 
>> 	    actually detract from the value of a house, such
>> 	    as, for instance, an inground swimming pool)
>> 
>Why is this the case?  It seems counter-intuitive to me.

I don't know for sure, but it seems like the upkeep on a pool
would be a detriment.  There are chemicals, filter pump and heating
costs, and the effort of cleaning it and getting it covered and 
uncovered.  In this area, the cost of water can be non-trivial 
(depending on which suburb you live in).  Also, I believe that your 
liability insurance rates can be higher.  There is always the chance 
that some neighborhood kid will get in there and drown (there were 
several cases like that in Denver last year).

In addition, there are a lot of people who are just not interested
in swimming.  They would not want to buy the house (it's not easy
to rip out a pool) and this makes your market smaller.

What other "improvements" can detract from property values, and 
which improvements are good ones to make?  Does anyone out there
have any information on some? 
-- 

                                     Sue Brezden
                                     
Real World: Room 1B17                Net World: ihnp4!drutx!slb
            AT&T Information Systems
            11900 North Pecos
            Westminster, Co. 80234
            (303)538-3829 

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