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does a pool add to the value of your home

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February 23 2012 - Milpitas
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Dear Ma huggie,

It's funny about pools because I personally love them and would buy one the next time I'm in the market. Apparently my view is not widely held by others who find them a danger, nuisance and un necessary expense. It all depends upon the buyer though but you do have to think long and hard about putting one in.
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March 09 2012
Pools in that area is not popular anymore. Often the appraisers will not add or value. When it comes to sell, it may be problematic as many home owners do not want the hassle and cost to maintain it.

Americans finally realize it is one source to curb cost. I will use someone else's pool but I do not wish to maintain one.

Sam Shueh, mab, cdpe, reopro, pe
Keller Williams
[website removed by Zillow moderator]
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March 08 2012
In Silicon Valley/Milpitas area ... there really is no additional value for having a pool.  If you do have one,  then addressing the safety aspects as well as confirming the functional aspects are important.  If you are looking to sell a home with a pool --- getting the inspection up front before putting the home on the market is of great value,  as buyers who do see value in having a pool will have an easier time making a quality offer -- if they know up front -- that there is NOT a 10,000 dollar repair bill waiting for them
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February 24 2012
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If the appraiser is not able to support an adjustment for the pool, they will not give the pool any value. This means that they must find a home with a pool that has closed within 1 year.  Anything older and,more than likely, most of the emphases will be given to the recent sales. If the pool is outside the area, more than likely, the homes in the immediate market area will be given more emphases.  Many time, let's say you are able to suport a $5000 or $10,000 adjustment. in some cases, the range of value may be high and comps will be let's say between $200k and 250K, so an adjustment like this may not even move the needle or change the value.
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February 24 2012

When looking at the value that an inground pool can add to your home, you must look at a number of variables: from the pool being screened or enclosed, being heated, having water features, as well as general condition of the pool. A general guide, would be 8-10k for a home valued at 125k, 14-15k for a home valued at 250k, and approx. 20k for a home valued at 500k. This is merely a generalized guideline that often an appraiser would utilize when valuing a property with a pool or without for a report.

*The numeracial data provided is a guide, please reach out to a local appraiser in your immediate demographic to discuss value as it pertains to your location.

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February 23 2012
in AZ, yes a pool adds value, but nothing close to what they cost. Maybe 50% if you are lucky!

If you want a home with a pool, buy one that already has one, as it will be much cheaper than buying a home and adding a pool. 
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February 23 2012
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It depends how you define value. If you purchase a pool for $35,000 and your home is worth $200k, do you think that your value should be $235,000?  Many times, it will be less, because you will not get the full cost of the value of your inground swimming pool in most cases.

Here's is a guide. 

If you are refinancing, there is a high probability that you will not get the full value from the inground swimming pool. Norther climates will be more difficult to to keep the value and the value will flucuate more because of the lack of data in this area. 

Make sure that the pool is in good working order and if possible, have the pool full of water and/or have the pull fenced off so that it will not be considered a safety hazard.

If you are selling, make sure your pool is in good working order. if it is broken, there is a good probability that your pool will decrease your value. Make sure that the home is full of water and/or it is fences off or covered so that it is not a safety hazard.

If you are buying, make sure the pool is well cared for and that the lot is larger enough so that you do not offset the pool with a small yard.  Make sure that the pool is fences off or can be covered. If not, you may have to purchase this material at a later time.  

If your home is a high end home for your area, you will have a better change in recouping your value just because there will be more homes with in-ground swimming pools in your area.

Hint, I appraise quite a few homes in Washington State with in-ground swimming pools that are REO owned.
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February 23 2012
I guess I also look at it like a lot of recreation related expenses. If  you buy a boat for instance, it will begin to depreciate instantly, it is not an investment, it's about enjoyment. A vacation is the same way. So, I would only add a pool for my family"s enjoyment, not as an investment in the home. I would hope it wouldn't decrease the value of the home, but I'd be aware it might not add value...
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February 23 2012
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I'd listen to the agent from the Bay Area (as well as people like wetdawgs with personal experience selling our own homes with pools within a few miles of  Milpitas)
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February 23 2012
Yes. Homes with a in ground swimming pool and spa, sell for more dollars than comparable sized homes without a pool and spa. Best wishes!
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February 23 2012
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Define "pool". Even "in ground" really doesn't cover it. Swim-up bar? Connected jacuzzi? Integrated in with the rest of the landscaping?

My personal opinion is that most of the pools I have seen really don't add value - too generic and doesn't add to the aesthetics of the landscaping - just a "cement pond". Some, I'd even consider that the downside (i.e., maintenance, insurance, etc.) would de-value the house.
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February 23 2012

Even in Florida buyers expect a pool in some neighborhoods but it adds very little value. It does increase the appeal to buyers when selling. Most homeowners add a pool for there enjoyment.

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February 23 2012
Of course there are buyers like me who want a pool. I am even looking at homes that are less appealing in other ways, or that need serious updating BECAUSE they have a pool. But one of the reasons for doing that is because updating and even adding on can increase value while the expensive addition of a pool hardly ever adds to the selling value of a home.
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February 23 2012
Profile picture for wetdawgs
In Milpitas there is a huge buying population who don't purchase houses with pools.   So, at best it will be no impact, at worst it will be a negative impact on value.

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February 23 2012

In the Bay Area, an in-ground pool typically does not add a great deal in terms of the overall value of your home. In many instances, home buyers consider a pool a negative because of the additional work and expense it creates. It is also sometimes viewed as a cause for concern by home buyers especially if the home is in an area that is sought after by families with young children.

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February 23 2012
An inground pool should add to you home's value unless it's in an area where pools are not the fashion.  An above ground pool does not add significant value.
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February 23 2012
 
Related Questions
does a pool add to the value of your home
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Latest answer by Dorene Slavitz
March 09 2012 | 16 answers
  • Asked by mahuggie
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  • February 23 2012
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