The question most homeowners who are considering building an in-ground pool ask at some point is, “Does a pool increase my home’s value?” This is, of course, beyond the value and joy of pool parties and daily exercise.
The truth is that a well-maintained pool can add significant value to a house, especially in certain parts of the world. The warmer the climate, the greater the value of a pool. California, for example, is a state where people almost expect a pool, which means that to be without one nearly automatically makes a home less desirable.
Now, there are many factors that go into how much value a pool adds. For example, if it’s an above-ground pool, it might actually detract from your home’s overall value. It all depends on the type, design, how well-maintained the pool is, if there are any special features, and more. A swimming pool can be a smart investment in your home and personal life, but it’s important to know what you’re getting into, especially if you’re considering financing, such as a home equity loan.
Pool Types and Designs
In-ground pools are typically more valuable than above-ground pools. There’s a lot more space with an in-ground pool for customization, features, and beauty. If you have a well-designed, properly installed, and well-maintained pool, it will enhance the beauty of your backyard and make your entire property more desirable.
With a bit of assistance, you can have a stunning, in-ground pool built in your backyard for a reasonable price and in not very much time. Your investment (and your return) depends on the type of pool you get.
Architectural and Infinity Pools
Among pool types, architectural and infinity pools have the greatest impact on a home’s value. They should match your home’s design, have clean lines, and be built with high-quality materials such as marble, tile, and custom stone. These tend to do best in high-end markets where a large pool isn’t the only consideration.
Custom Inground Pools
Custom inground pools never fail to draw the eye. With a custom pool, you can make it fit your home’s aesthetic and needs precisely. You can add as many features as you like, each of which will increase the pool’s worth, and, consequently, your home’s worth. Selling a house means entering one of the most competitive markets. Going with a custom pool can quickly increase your home’s resale value and make you stand out in a crowded market.
Features such as hot tubs and spas, tanning ledges, smart pool tech, waterfalls, lighting, and fountains make a pool stand out in the market. The only limit with a custom pool is your imagination. You can add fire pits, outdoor kitchens, sitting areas, landscaping, and more.
Jacuzzis and Hot Tubs
Hot tubs and jacuzzis are excellent extended features of a well-designed pool, but they’re also valuable on their own. A built-in spa means year-round relaxation and luxury. There’s no waiting for public pool season, driving to the gym, or visiting your friend too often.
Consider Your Location and Climate
As mentioned at the start, the location of your home plays a significant role in how much value a pool will add to your home. Warmer climates have a much higher demand for pools than cooler climates. Not every state in the US will see much sense in having an outdoor pool, given cool summers and harsh winters.
Even if you find a pool worth it when you might have only a few warm months a year, that doesn’t necessarily mean a prospective buyer will feel the same. Your home’s value will only increase with a pool if the location and the climate make it a luxury.
Pool Safety and Sustainability
Before you take out a personal loan and dive in, it’s important to note that safety is always worth considering. Whether a pool is in use or not, safety must be part of the conversation. There are obvious risks associated with pools, especially if you have children and pets.
Most people do well enough with vigilance and proper training, such as lifeguard or CPR certification. However, there are additional steps that you can take to ensure everyone you care about stays safe. You can install a fence or barrier, as well as a pool cover that completely eliminates any chance of water access. Some people choose not to include features such as diving boards, which can increase the risk of injury.
As long as you’re willing and aware, you can go ahead with any features that you’re comfortable with. Added safety features also tend to increase the value that a pool adds to a property.
Maximizing Home Value with a Pool
So, in short, does a pool add value to a home? It certainly can. In fact, adding an inground pool can increase your home’s value by as much as 10%. 7% is a more typical number, since most of us aren’t adding all the fancy features on the market, but when combined with your personal enjoyment and the health benefits you reap, 7% is significant.
Let us leave you with some final thoughts.
If you’re wavering between an in-ground pool and an above-ground pool, always choose in-ground. You cannot get the same lasting value out of an above-ground pool that you can out of an in-ground.
Make sure you consider the size of your space. You likely don’t want to take up your entire yard with the biggest pool you can fit into it, but you might. Even if you do, future buyers might not be as excited by that option. Think about how you can make your yard seem bigger by balancing the size of your pool with landscaping, features, and custom designs. The more effort you put into this, the more attractive the space will be to you and others.
Another thing to note is that pools are especially valued in family-friendly neighborhoods. Families look for spaces where their children can play, exercise, get sunshine, and invite their friends. A home with a pool is the perfect place for a growing family.
Consider your budget: What you can put upfront, and what you can spare monthly. DIY Pools and Spas can get you a lot of pool for your money, but you don’t want to overextend yourself when it comes to installation or pool maintenance. A pool will increase your home’s value only if you maintain it well. A dilapidated pool in need of resurfacing, redesigning, and a hearty cleaning will only make people walk away more easily.
Property value and resale value are greatly influenced by the time and care you’re willing to invest. Don’t underestimate your own power, even though many factors are at play.