One of the things to factor into the decision to build or renovate a pool is the impact it will have on the value of your home. For that reason, people often ask...
Does a pool increase the resale value of my house? If so, how much?
The short answer is, it depends on several factors.
1) The condition of the pool. A beautiful, well-maintained pool can add tens of thousands of dollars to the value of a home. On the other hand, a pool in disrepair can actually decrease the resale value because some potential buyers will see it as something they need to fix up. Some potential buyers may even take a home off their list of consideration if it's in poor repair.
2) Climate. Here in the Tampa Bay area where it's warm enough to swim 8-10 months a year, pools get much more use and are more highly valued. In fact, some parents with kids 5-18 years old may consider a pool a "must have" to keep their kids entertained and getting excersie during the summer. In other parts of the country, pools are less important and less valued.
3) The neighborhood. In the Tampa Bay area, most homes in neighborhoods above the median price range have swimming pools. So, not having a swimming pool can hurt a home's resale value. In lower-priced neighborhoods where buyers are more price conscious, the value of the pool is more likely to get squeezed out.
4) The amenities. For many people, buying a home is not really about the house itself, it's about the lifestyle. When people see a backyard, can they envision themselves grilling in an outdoor kitchen? Serving drinks to friends behind an outdoor bar? Hosting evening parties with guests gathering around a fire pit hearing the soothing sounds of water features? If they can, they're likely to pay more for your home.
If you're considering building or renovating a pool for your home, contact us at Grand Vista Pools. We can discuss with you in greater detail how to maximize your pool's value.
