Having a swimming pool in the backyard is wonderful for families or homeowners who enjoy cooling off in the crystal clear water provided right outside of their door. Pools provide homeowners with a form of entertainment and relaxation, especially when it’s hot outside and air conditioning just doesn’t suffice.
But with yearly maintenance, upkeep, and other considerations, are pools an investment that serves as merely an entertainment option, or do they increase the resale value of your home?
A Pool’s Value and Cost
Pools aren’t always a cheap investment. This especially applies to those who need a total landscape overhaul in their backyard in order to have an in-ground pool placed. This can be a costly project to say the least, but the results are often more than worth it. Pools are often invaluable to most homeowners, but it’s not just because of the use they’ll be getting out of them during the summer months- When it comes time to selling your home, a pool adds incredible value.
The Added Resale Value
A pool adds tremendous resale value to the home. When you go to sell your home, the appraiser will compare your home to others in the area. Even if your home remains a comprisable size and your yard is similar to neighboring houses, the resale value will be higher than your local competitors.
It’s hard to say exactly how much resale value a pool will add to your home. It all depends on the home’s comparables, the area in which the home is situated, and the desire for pools in the area. However, custom home improvements often offer a substantial increase in value.
Much like redoing your kitchen or bathrooms, installing a custom pool gives you an edge above the competition that other’s don’t have. Unlike kitchen renovations that aren’t looked upon as highly by people who don’t spend a lot of time cooking or entertaining, a pool is a widely used asset that can be everyone in the home.
If you are trying to increase your homes resale value for future sale, adding a pool will be a great addition. Consult with a professional and see how much adding a pool will run you. If you already have a pool, make sure that it is well-maintained and that you spruce it up as much as possible before your home is appraised for resale!