How Much Does a Swimming Pool Increase a Home’s Value?

When considering whether to build or remodel a Tampa swimming pool, one thing you may be thinking about is how much it will increase the value of your home.
 
If your value of your home will increase by as much as or even more than the cost of the pool, you can think of it as an investment.  But if the value of your home will increase by significantly less than the cost of the pool, you'll probably think of it more as an entertainment or lifestyle cost.
 
For that reason, people often ask…
 
How Much Does a Tampa Swimming Pool Increase a Home's Value?
 
The value increase is difficult to quantify because it depends on a several factors.  I'll explain these factors so you can evaluate your situation for yourself:
 
1) Condition. A beautiful, well-maintained pool can add tens of thousands of dollars to a home's value. On the flip side, a pool that's in bad shape can actually be worse than no pool because some potential home buyers will view it as a repair expense. Some potential buyers may even take a home out of consideration because they don't want any part of the cost and hassle of renovating a pool. 
 
2) Amenities. For many people, buying a home is not as much about house itself but about the lifestyle it makes possible. When potential buyers see a home's outdoor living space, can they see themselves grilling in an outdoor kitchen? Serving drinks to friends around an outdoor bar?  Hosting evening parties with guests gathering at fire pit with sounds of water features in the background?  If they can, there's a good chance they will pay more for your home. 
 
3) Climate.  Here in the Tampa Bay area, the temperature outside is warm enough to swim 8 to 10 months each year. As a result, Tampa swimming pools are used more often and are more in demand than in colder climates. Some parents with kids may even consider a pool a “must have” to keep their kids busy and physically active during the summer when it seems too hot to do other outdoor activities. Further north, swimming pools are less important and thus less valued. 
   
4) Neighborhood. In the Tampa area, most homes at and above the median home price have swimming pools. In these neighborhoods, not having a pool can hurt a home’s resale value. On the other hand, in lower-priced neighborhoods where home buyers are more price-conscious, the value of a pool is more likely to get "squeezed out."
 
Are you are thinking about remodeling or building a swimming pool in Tampa, Tarpon Springs or Trinity? contact us at Grand Vista Pools. We can discuss with you in greater detail how to maximize your pool’s value.

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