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It is fairly common to get a home improvement or home equity loan to cover it. But please think about having a pool seriously. I had a pool and came to regret it after a few years. It was a pain to keep clean. We had to keep purchasing chemicals – our pool cleaner broke a few times – the water would be too cold and my kids wouldn’t want to swim in it (couldn’t afford to heat it for the few times they did swim) – a neighbor’s dog found a way to tunnel under the fence and then fell into the pool (we were there and quickly rescued it). When we went to sell the house it made our home more difficult to sell – most buyers didn’t want a pool. If I had it to do again I’d purchase another hot tub, but not a pool.

If I have spent 5-6 lakhs on Home Improvements from the time I have brought this property and during the time of sale when I am calculating the Capital Gain, how do I account or show the expenses on Home improvement and also the cost incurred for advertisement, Chartered accountant fee etc? Please Advice