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Do Pools add Value to a house?

By
Real Estate Agent with Gardner Realtors, Licensed in La.

In New Orleans the answer is yes and no. For a pool like the one shown above it adds very little value except if the buyer want one. It is a deal if the purchasers value one. When it come to a new pool the it does have value but never as much as the seller thinks. Not a lot of homes have pools here because I think its too hot and we have plenty of water around us. I mean it gets hot and humid here, it rains a lot. I know other areas are different so wanted to toss this question out. This house was a victim of Katrina and has been put back togeather again. 4304 State Street Dr.

 

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Ken Cook
Content, coding, marketing, host. - Marietta, GA
Content Marketer/Creator
Value? Very little. Sellability ... now that's a different story. Ask any appraiser the value of a swimming pool. In my experience it's never more than about 1/4th the cost of adding the pool. HOWEVER if you have a buyer who really wants a pool then it increases the likelihood that you will have a favorable sale. As for me? No thanks! I've had a pool and I'm done with them. Ken Cook
Aug 31, 2006 03:39 PM
Scott Morrison
Call Realty - Chandler, AZ
Arizona Real Estate Expert
Eric, this has nothing to do with pools, but how is the real estate market in New Orleans?  It seems like it would be a huge mess to try to sort.  Are people selling their damaged properties and if so are there many investors trying to buy them?  I haven't heard anything on the news and I am interested in learning.
Aug 31, 2006 03:45 PM
Bonnie Erickson
Tangletown Realty - Saint Paul, MN
In Minnesota pools do not add value for obvious reasons.  Installation, maintenance, and operation cost for only 3 months use is unrealistic.  Many time buyers see a pool and reject the house.  Some don't want the liability because their own children could get hurt or neighbors, etc.  Others have heard the costs associated with pools and don't want to fork out that much when a good neighborhood pool can accomplish the same thing for a pittance of the home pool cost.
Aug 31, 2006 04:17 PM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
This is a crazy market. Some areas are hot! Some areas you cant give them away! Many people have lost their jobs and have left. Many homes are totally destroyed. Anthing nice under 250 sells if high and dry. the more expensive things in many areas sit. 50% of the medical community is gone. Doctors bought nice homes as an example and they are bailing out. Many new people are coming like pioneers. Investors want steals but you have to wait. I almost quit answering their calls they are so unrealistic. its like a quilt. Crazy
Aug 31, 2006 04:22 PM
Adam Dalton
Century 21 M&M and Associates - Turlock Real Estate - Turlock, CA
Realtor - Turlock Homes
I think that theres a big difference in monetary value and desirability.  The value of the pool is in the eyes of the buyer.  The price of the pool is mostly dependent on the market.
Aug 31, 2006 05:12 PM
Christopher Smith
TREGO REALTY - Cedar Rapids, IA
Eric, I'd say if you live in the south and have a longer swimming pool season, then I say yes, definitely.  When I lived in Austin, Texas for 19 years, I would have killed for a pool.   Now that I'm living in Cedar Rapids, Iowa, a pool really doesn't make sense because the season is too short.
Sep 01, 2006 06:56 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Eric, went back to see how long you have been here, a bit longer than me.

Mar 06, 2022 09:25 AM
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