Is It Worth It to Install a Pond in Your Backyard?
Have you been dreaming of a backyard oasis complete with a water feature like a pond? Ponds are an exciting way to welcome new visitors to your backyard like dragonflies, koi fish, songbirds, and other wildlife. However, before you start digging up your backyard, you need to consider whether it’s actually a smart investment.
When it comes to increasing the value of your home, you need to be careful what you wish for. A new pond might be a marvelous addition to your dream backyard, but will it pay off in the long run by increasing your home’s value? In this guide, we’ll break down the pros and cons behind your dream backyard pond.
Will a Pond Add Value to Your Home?
First and foremost, you’re probably wondering if an outdoor pond will actually improve the value of your home in any way. An amazing backyard is sure to be a big hit with homebuyers, right? In reality, it might not be so cut-and-dry.
A backyard pond functions a bit like a work of art. It’s not functional in the same way as a pool, yet it’s still expensive and difficult to maintain. Defining the value of art isn’t an easy task, though you can put a value on the expense of building and maintaining a pond (hint: it’s pricey).
According to a property appraiser, a water feature like a pond isn’t guaranteed to add value to your home. If you’re already in a higher value neighborhood, adding a pond might boost your home’s value by setting you apart from the competition. On the other hand, in lower value neighborhoods, a water feature might just be seen as extra work for the homebuyer. With that in mind, you’ll need to decide how your neighborhood fits this narrative.
Pros of Having a Backyard Pond
Now that you know how your backyard pond might affect the value of your home, it’s time to talk about why you might continue with your backyard water feature. Here are some of the unique benefits of having your very own pond in your backyard:
- Visually appealing and adds interest to your landscape
- Can include colorful fish, plants, and other design elements
- Add an atmosphere of relaxation
- Create a welcoming space for outdoor creatures and fish
- Serve as an environmental conservation area
These are some of the many great perks you’ll find if you install a pond in your backyard. However, no home feature is perfect. There are also unique challenges that come along with your pond.
Cons of Having a Backyard Pond
As you might have guessed, backyard ponds are no walk in the park. Unless you can afford to have someone install and maintain your pond for you, you’ll need to have both time and money to put towards construction as well as ongoing maintenance. If you choose to have fish in your pond, this will be an extra expense to consider. Here are the main cons of a backyard pond:
- Costly to build, starting at $1,500 and going up to $10,000
- Might not be permitted based on local building codes
- Expensive and complicated to maintain
- Needs constant cleanup and filtration
- Can attract pests and unwanted bugs
Ultimately, you’ll need to decide for yourself if you think a pond will add real value to your home and your lifestyle. Think beyond the appearance of the pond. We can all agree that ponds are relaxing and lovely to look at, but do you have the time and money to commit to maintaining a pond sufficiently? If not, it might be worth considering a different type of water feature.
If you do choose to install a pond in your backyard, it can be a great addition to any outdoor space. Who doesn’t want their own oasis away from it all? Either way, make sure you think through the costs and value in the long-term as well as the short-term.