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Answers (7)
- Tanya Ericksen-Troska, "TanyaEricksenTroska"
- Contributions:54
Bottom line, do your research. Different market yeild different results. And, something else to consider, there are many insurance companies who place higher liability on homes with pools making the property more expensive to insure, or in some case, uninsurable. You'll want to check with a few different companies to get a quote. And, then of course, make sure that the pool is properly secured. There are even varying city/community regulations on this. This is where a real estate professional can assist. They can make the contacts for you, or free you from the tedious research.
I would never recommend, for example, that someone in the Twin Cities put in an in-ground pool in the hopes of increasing their property values. However, if it was the calibur of home; an executive estate, whereas the consumer expects that feature as standard for that calibur of home, or if you're in a community (let's say Florida) where it's a 'standardized' feature, it may make the home more salable. But, not necessarily higher in value. There is a distinct difference. And, every market is different. -- So, again, it's a matter of knowing what you're getting in to.
I would never recommend, for example, that someone in the Twin Cities put in an in-ground pool in the hopes of increasing their property values. However, if it was the calibur of home; an executive estate, whereas the consumer expects that feature as standard for that calibur of home, or if you're in a community (let's say Florida) where it's a 'standardized' feature, it may make the home more salable. But, not necessarily higher in value. There is a distinct difference. And, every market is different. -- So, again, it's a matter of knowing what you're getting in to.
- Randy Elliott, "RandyElliott"
- Contributions:55
From what I've seen and what I've been told by an appraiser, NEVER put a pool in and expect to get out of it what you put into it. As far as cost goes.
Typically, I've seen a home's "value" never be more than $5-$15k in increased value with a standard in-ground pool. And usually never more than $15-$25k in increased value with a specialty pool with all the bells and whistles.
I'm referring to this current market and not when everyone acted like their pool was filled with cash or they were swimming in money. Pardon the puns, but I couldn't help myself. :-)
Typically, I've seen a home's "value" never be more than $5-$15k in increased value with a standard in-ground pool. And usually never more than $15-$25k in increased value with a specialty pool with all the bells and whistles.
I'm referring to this current market and not when everyone acted like their pool was filled with cash or they were swimming in money. Pardon the puns, but I couldn't help myself. :-)
- Stan ThePoolMan, "Inground Pool Guy"
- Contributions:1
Pools typically return equal to their investment, less if the development has a shared pool. In warm climates and in areas sought out for retirement, they can return more. Depending on the quality of the pool construction it could change, 15x30 good quality pool in coastal SC, add 30K - 45k
Even in very hot areas, you should not expect to break even on your investment. In the South and Southwest, a pool might help to move your home faster(or it might not!), but it will not increase the value of your home past the initial cost of putting the pool in. The exact added(or detracted) value will all depend on the condition of the pool and the functional utility of the pool recreational area.
- Nathan Perz, "NathanPerz"
- Contributions:61
Given the expense and the liability, I, personally, would never buy a house with a pool. It may improve the value of your property but you will almost certainly never get out of it what you put into it.
- Kaye Norenberg
- Contributions:824
We owned a house in Arizona that was difficult to sell until we added a pool. If you are in Nevada this may be the case as well. In Ohio the pool would add little or no value.
One feature that we added to the pool at little cost was the addition of two jacuzzi jets on the bench area. It was very relaxing while we watched the kids.....
One feature that we added to the pool at little cost was the addition of two jacuzzi jets on the bench area. It was very relaxing while we watched the kids.....
- Jim Stevenson, "therealtorguy"
- Contributions:1111
Depends on the area of the country you are located in. In Michigan, a pool may even detract from the value of the home because of the maintenance cost vs the time you are actually able to use it. In hotter areas, you should get a decent return on your investment.
how much value does a pool add to your home?
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