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What will adding a swimming pool do to the value of my home?

By
Real Estate Agent with Keller Williams Realty

What will adding a swimming pool do to the value of my home?


Every geographic location will have pros and cons to adding a swimming pool to your property.


To some buyers, a pool may be a liability. Maybe a family with young children may see this as a safety hazard. Where as a family with older children or a retired couple may find this as an asset. Swimming pools are also looked at as another added expense.


As far as increasing the value of your property, you may want to talk to a local real estate professional about this. In most cases, you won’t recoup the cost of installing the pool, if any. I do believe that it can help sell your home because the pool feature will stand out above others in the area, but only if you have a buyer who desires a pool.

Questions to ask yourself and your real estate agent....

How many months will the pool be open?

How much use will we get out of the pool?

Will the pool take up all of the yard?

Would we be better off using local /neighborhood public swimming pools?

Can we afford the maintenance and upkeep of the pool?

 

Are there other homes in the neighborhood with swimming pools?

Is there a demand? Are these homes selling any faster?

Are swimming pools increasing the value of homes in this area?

 

 

 It is important to do your research prior to committing to this large investment. An in ground pool in our area can cost $25,000-$40,000 plus! This is a lot of money you may not see a return on!





 

Tanya Ramos

Keller Williams Realty

www.FortBraggHomeConnection.com




Show All Comments Sort:
Bruno & Noel Tarquinii
Bowie, MD
www.search4homes.us

Tanya: Thanks for this informative post. There are certainly many factors to consider about the addition of a swimming pool in a house. They may or may not increase home value depending on the location of the house and the functionalities that the pool will serve.

Mar 19, 2013 09:44 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good information for home owners. they should add a pool for enjoyment and not expect to recoup the cost.

Mar 19, 2013 09:51 PM
Tyler Smith
Realty ONE Group Unlimited - Elizabethtown, PA
Homes for Sale - Elizabethtown, PA

The most cost effective way to buy a pool in Lancaster County, PA is to buy a home that already has a pool. In general, pools don't add any value in my area.  

Mar 19, 2013 09:54 PM
Tanya Ramos
Keller Williams Realty - Fayetteville, NC

Thanks Bruno. When we added ours 7 years ago, we didn't do any research. Didn't occur to us that it wasn't going to bring value to our home. Luckly we have been stationed here this long to enjoy the pool!

Gita~ I agree. It's like a boat, sometimes its just better to have friends who have one:)

Tyler~ yes, especially when you live in a place that the pool will only be open a few months of the year. Im from Wisconsin, and it wouldn't be smart to add a pool there unless it was indoor and heated,lol.

Mar 20, 2013 10:26 PM