Profile picture for Mandovr

Is it worth installing an inground pool in my backyard? Will it add value to my property?

Is it worth installing an inground pool in my backyard? Will it add value to my property? Any advice would be greatly appreciated.....
  • September 02 2010 - Atascocita
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Answers (12)

 In most cases I agree with the other comments. Having a pool put in to just add value to your home is not a good idea.  However, you do see buyers who will require a pool. But the majority of buyers are not. A pool is expensive on the up keep and many buyers will look at it as a liability, and expense they just don't want to add to their budget.

 Per money invested, you would do better to upgrade your kitchen and/or bathrooms.

  • April 23
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  • April 23
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Profile picture for PamSitterly
Yes, I see homes with pools selling faster than those without, all other things being equal. I also see disappointed home sellers who did not realize the hit they were going to take on the sale of their property because they added teh pool. The only reason to install a pool is for your family's enjoyment.
Pam Sitterly
  • November 16 2010
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An inground pool will add value to the home but with a resale of the home you will not get back everything you paid for it.  I find there are just as many buyers who don't want a pool as there are that do.  If you plan on staying in the home for a while and will enjoy having an inground pool then by all means have it installed but if you are wanting to install it just for resale value then I would hold off. 
  • September 05 2010
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Profile picture for The LaPeer Team

"There are just as many buyers who do not want pools as those who want pools."

I would beg to differ on this in our area. I don't know exactly what subdivision you live in, but in most subdivisions in the Houston Metro area (including Atascocita) a home w/a pool, given everything else about the properties is about equal, seems to sell faster than those without. There are other factors that need to be considered, so this is generally speaking. You can contact me if you want me to pull comps that are specific to your subdivision.

  • September 03 2010
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Profile picture for Mills Realty
You will add value, but not the full amount you put in to it.  Put the pool in because you want to enjoy it, but don't look at it as an investment.

Simon Mills
Mills Realty
  • September 03 2010
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No, one thing that has remained static over the years is: pools have very little value.  There are just as many buyers who do not want pools as those who want pools.  Accordingly, pools have little impact on property value.  There are many other areas where you can spend a dollar and have it impact your value in a positive manner. 
  • September 03 2010
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I agree with the agents above - first and foremost put the pool in for your enjoyment rather than perceived added value.  With that said, if you do decide to go forward with it, try to balance the amount of yard space and pool space -- potential buyers with children may still want a space for their kids to run around, swing on swings, etc.  -- you wouldn't want to eliminate part of the buying population by eliminating the "green space" in your backyard!

  • September 03 2010
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Profile picture for The LaPeer Team
A kitchen or bath remodel at the same price or even less usually makes the biggest difference to buyers. But in the Spring, it seems like everyone wants a pool; they just don't want to pay the higher price for one!
  • September 03 2010
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On the flip side, it could deter some buyers.  While I personally would love to have a pool, there are others out there that don't want the maintenance and hassle to deal with, so if you're considering putting a pool in, I agree with Cindy: Do it because you want one, not for an investment.  There are much better ways to get a return on your investment if you are looking to improve the house for sale.
  • September 03 2010
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I agree with Cindy.  You will never get your entire investment back.  Will it make the home more sellable? that would depend on the neighborhood and the price range you are in.

Appraisers usually only add 10%-15% of the home's value for a pool.  Of course this depends on how elaborate the pool (diving vs play pool)l, decking and landscaping are.

Naima
  • September 02 2010
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Profile picture for The LaPeer Team
You add a pool for your personal enjoyment. Rarely do you get your money back for a pool when you sell your house. In fact, many buyers want homes w/pools already b/c they know they are paying far less for that pool if it is already there vs. putting one in after the sale. Having said that, you may (the other factors that are equally/more important) sell your home for a little more and/or faster.
  • September 02 2010
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