Does A Pool Add Value To a Home?
12 Apr Does A Pool Add Value To a Home?
Can a swimming pool add or subtract from the value of your home?
This is a very common question that is asked when people are contemplating an investment in an inground swimming pool: Will the pool add value to my home, or make it harder to sell? This post from Home Improvement Pages explores this question head-on using data and research, the only objective way to find the answer. As with any investment, the costs and benefits always need to be weighed out in advance before making a final decision. With a swimming pool, or any luxury item, there are many intangible assets such as memories and recreation that have to be weighed into the positive column, and are sometimes difficult to quantify in dollars and cents terms.
Here is an excerpt from the post:
When you’re renovating with a view towards adding value to your home, the subject of a swimming pool may come up. Can a swimming pool add to the value of your home or will it be a waste of money? It depends on a variety of factors. In one instance, a swimming pool might add to the value of your home. In another instance, it can make your home hard to sell and will be a waste of money.
Why Build a Swimming Pool?
In general, a swimming pool is a good investment if you have room for it and want to use it while you’re living in your house. First you need to explore your options. An in-ground swimming pool can be very costly, with a range of prices from $35,000 to over $100,000. An above ground pool is less expensive. The pool shell may set you back around $3000 to $7000 (including pumps and filters), but you’ll also need to consider decking and fencing. For more information, read Swimming Pool Prices: the Cost of Splashing Out on a Pool. If you’re seriously considering installing a pool for your own use, get quotes from swimming pool builders in your area.
If you build a pool when you move into your home, you can enjoy it for years and it may add value to your home when you sell. If you build a pool with a view towards increasing the value of your property, you need to ask some questions first.
Are Home Buyers Looking for Pools in Your Area?
Pools are popular in some locations, but not in others. Your local real estate agent can tell you if buyers in your area are looking for swimming pools and how much extra they are willing to pay for them.
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