My wife and I are going live in Austin TX where is gets very HOT. We are going back and forth on the idea of putting in a pool in our back yard or purchasing a new boat to enjoy the lakes here in Austin. Their are pros and cons to both, and they will each cost about the same price. One i can take with me when if and when we move and the other i cant. One we can easily enjoy 7 days a week while the other we cant. The pool seems to make the most sense, however I am concerned that I will be throwing away half the cost of the pool when we decide to sell the house. No one is going to give you 40-50k over the price of the house because it has a pool. So I am torn, pool or boat?
2007-01-29 02:57:41 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
well think do you plan to live in your house for then next 15 yrs if so you'll make most of the mony back for adding a pool
assuming that housing prices are going up in Austin
2007-01-29 03:14:27 · answer #1 · answered by silver_princess16_03 4 · 0⤊ 0⤋
Oh man, that is a tough one. The pool won't really add much (if anything) in the way of value....some even look at it as a liability. Boats are a lot of fun, but you also need to factor in the maintenance, docking, and gas costs of the boat. With the boat, you'll make some of the money back (not sure what the re-sale value is on boats). It will depend on the make, model, condition and year of the boat. Personally, I would rather have a boat than a pool. Just remember, this is more of a "lifestyle investment", rather than a "what will I make when I sell investment".
2007-01-29 03:10:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you plan on living in your house for 15 years or more, i recommend the pool. Like you said it will be used alot more. and who knows in 15 years someone might want a house with a pool already in and be willing to pay 10-20k more for it. Your not getting a pool or boat as an investment. It is for entertainment purposes. Get the use out of it you want, deal with the selling later.
2007-01-29 03:05:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You are absolutely right- pools do not increase the value a whole lot. Old saying is the best times to enjoy a boat is the day you buy it and the day you sell it. With a pool your going to be stuck at home alot with the boat your out and about. Not much of an answer but its the best I can do.
2007-01-29 03:56:13 · answer #4 · answered by sylviavnpttn 5 · 0⤊ 1⤋
It really depends on what the pool is going to cost. I live in FL and had one put in a year ago for 30K....it is beautiful......18ft x 30ft, 3-6ft deep, has a waterfall, two swimouts and large steps that people can sit on.....we LOVE it!! Think about this also...the maintenance on a boat and gas is very expensive, maintenance on a pool is easy and cheap (provided you do what you're supposed to do). Plus....a pool provides a place for the family to gather on weekends, it's relaxing during the week and all you have to do to enjoy it is step outside!!!!!
2007-01-29 03:04:27 · answer #5 · answered by Lori W 2 · 0⤊ 0⤋
Hello,
You analyzed the situation perfectly. It seems it is a personal choice only you can answer for you. Someone else would come to a different conclusion. Do you or your wife have a preference. You would like to have both but, you can't. There is no right or wrong here.
2007-01-29 03:08:24 · answer #6 · answered by J. J. K. 2 · 0⤊ 0⤋
Don't forget that boats depreciate as well!!
2007-01-29 03:34:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yeah you should install it immediately.
2007-01-29 03:08:50 · answer #8 · answered by xeibeg 5 · 0⤊ 1⤋
JUST GET ONE!
2007-01-29 03:04:46 · answer #9 · answered by Mike C 2 · 0⤊ 1⤋