Ignite FB Tracking PixelHow Does Putting In A Pool Add Value To Your Home? - James A. Wood

How Does Putting In A Pool Add Value To Your Home?

by James A. Wood 11/25/2018

If you’re trying to decide whether or not you should put a pool in at your home, there’s a lot to think about. You don’t want to regret spending a sizable amount of money. You may picture a life of luxury with a pool, but there’s a lot involved with the installation of it. It can be quite an ongoing investment to put in a pool. Maintenance, repairs, and more are involved. Depending upon the climate you live in, you may need to put a cover on the pool during the offseason as well.


When Putting In A Pool Is A No-Brainer


If you live in a warm climate like California, Florida, Hawaii, Or Arizona, it makes total sense to invest in a pool. these places get the maximum benefit from pool installation since the pool can be used the whole year through. 


If you have a large yard and are able to accommodate both a pool and some yard space, it’s also not a bad idea to put in a pool. The important thing is that you understand that you’re not always going to get a return on your investment when you sell your home. Not all homebuyers like pools and often the presence of a pool can even deter some buyers from even looking at the home.


Questions To Ask Regarding Return On Investment:


  • Does a pool fit in with the neighborhood?
  • Is the pool in good condition?
  • How old is the pool?

The idea with homes that have pools is to attract the right buyers. Many times, families with young children stay away from properties with pools since they see it as a safety hazard. Other home shoppers may fall in love with the property because of the pool. The important thing about putting in a pool is knowing that you as a homeowner will enjoy the feature. 


Costs


The average cost to put in a pool in the US is around $30,000. That’s just a basic pool. You’ll probably need to add a few more details like fencing, pool furniture, and more landscaping. That can cause the total investment to rise significantly. The type of pool that you choose also has an effect on the cost of the project. Don’t forget about the added energy expenses of running a filter and putting a heater in the pool. 


Insurance


When you have a pool, you’ll need to change the type of insurance that you have. The pool can increase your insurance costs significantly. There also could be certain requirements set forth by the insurance company, such as the pool needing to be fenced in. 


While adding a pool to your home may make your life more enjoyable, it may not add to the value and return you get on your home. Don’t over invest in an amenity that won’t give you the returns your looking for unless you’re prepared and know that you as a homeowner will truly enjoy the pool.

About the Author

Author
James A. Wood
James is the Managing Broker of Gateway Realty Group, with over 24 years of sales, finance, and management experience in the real estate industry. He has a reputation for his friendly customer service and ability to guide buyers to obtain their dream home, and assist sellers to a smooth, stress free sale of their home. James understands that purchasing or selling a home is one of the most important decisions in a person’s lifetime. James is passionate about educating buyers and sellers to ensure that customers are comfortable during the sales process. James’s knowledge and expertise is attributed to his diverse experience in the real estate industry where he was President of Kensica Mortgage Banc and Midwest Mortgage & Financial Services. His background includes asset management, negotiating sales, and leasing of residential real estate property. James has experience working with first time home buyers to savvy real estate investors. James is currently a licensed real Estate Managing Broker in Illinois & Florida, Community Association Manager (CAM) in the state of Florida and Licensed loan originator in Illinois. When choosing James as your Realtor you can be assured that you will receive the most professional, prompt, and courteous service imaginable. James have always brought abundant energy, creativity, dedication, experience and personal knowledge to each transaction. You can be assured that he will stay on top of all the details of a deal, to provide a smooth and easy going transaction.