One factor to take into consideration when building or renovating a pool is the effect it will have on the value of your home. For that reason, people often ask…
Does a Pool Add Value to a Home?
The truth is, its a difficult question to answer because it depends on a number of factors:
1) Neighborhood. Here in the Tampa Bay area, most homes at or above the median price range have swimming pools. As a result, not having a pool can hurt a home’s resale value. In lower-priced neighborhoods where home buyers are more price conscious, the value of the pool is more likely to get "squeezed out."
2) Condition. A beautiful, well-maintained pool can add tens of thousands of dollars to a home's value. On the other hand, a pool in poor condition can decrease a home's value because some prospective buyers will view it as a repair expense. Some prospective buyers may even take a home out of consideration because they just don't want to deal with .
3) Climate. Here in the Tampa Bay area where the temperature outside is warm enough to swim 8 to 10 months each year, swimming pools get more use and are more desired than in cooler climates. In fact, some parents with kids 5-18 years old may consider a pool a “must have” to keep their kids busy and physically active during the summer. Further north, pools are less important and thus less valued.
4) Amenities. For many people, buying a home is not so much about house itself but about the lifestyle. When prospective buyers see a backyard, can they see themselves grilling in an outdoor kitchen? Hosting evening parties with guests gathering around a fire pit with sounds of water features in the background? Serving drinks to friends from an outdoor bar? If they can, there's a good chance they will pay more for your home.
If you are thinking about 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.