Hello once again, Blogees...
The question is: does a pool add value to real estate? The answer is, generally, yes. At least in our area. The next question is: how much value does a pool add? The answer to that: not as much as it costs to put in a pool.
I've worked with many Buyers that want a pool, and even some that would not consider a home without a pool. I've also worked with Buyers that would not consider a home WITH a pool. In fact, my brother-in-law just purchased a home here recently and fit into that camp (much to my disappointment, I wanted a pool in the family and we are at least two years away from ours being built!).
Depending on the size and quality of the pool and the home, a general rule of thumb is that the pool can add about half of its cost to the value of a home. A $20,000 pool equates to roughly $10,000 in property value. So, if you're thinking a pool is a great investment, you may want to re-think that idea...at least financially. If you're going to add a pool, do it because you want one for your family, and make sure you'll be in the home a while to get more out of your investment.
We, as an example, just dug an enormous hole in ou back yard and are praying hard for a monsoon. This cost us at least $8 for the used shovel, and we are hoping to recoup at least $4 on our re-sale. Call me an optimist, but I think we'll get it, too--but we're real estate professionals and not mere mortals.
Of course, as always if you have questions, please call the real estate authority in Central Texas, the Real Estate MarketPlace at (254) 953-5911. You may now go back to your regularly scheduled lives...
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