Installing a swimming pool can add significant value to your home and enhance your family’s enjoyment of the outdoors. Who doesn’t want a pool in the backyard? Though the decision to install a pool seems easy, there are important things to consider. What size will the pool be? How will the pool add value to your home? What type of pool is right for your home? Let’s take a look at a few important considerations.
Before installing a pool, you will need to determine your desired pool size and type. Prices for in-ground pools vary based on these factors. If you’re installing a pool with the intention to add value to your home, there’s more to consider than the pool itself. Accentuating a swimming pool with custom landscaping can add value, but also adds cost. Prior to making a decision, first determine your level of ongoing investment in the pool. Without continuous care and upkeep, a pool’s value rapidly declines.
Determining the value added to your home from a pool installation depends greatly on the appraisal. Unless there are other homes with pools available for comparison, homeowners can expect an average appraisal rate of 25% of the cost of the pool. Additionally, the quality of a pool’s construction plays a large part in the appraisal process. For homes with poorly-maintained or installed pools, this amount may be much lower. In order to receive the best appraisal rate and maximize the value of your pool, swimming pools should be expertly installed and receive proper care.
Before You Sell
If you plan to sell your home in the future, having an in-ground pool will be an attractive option for many buyers. However, not everyone wants a pool. Potential home buyers who do not swim or have small children may not like the idea of having a swimming pool. Also, if your swimming pool is cracked, not working or simply has not been properly maintained, potential buyers may not want the hassle of improving or replacing a pool.
Overall, adding a pool to your home is a great investment as long as you consider all the factors. Above all else, a pool creates a fun excuse to spend quality time with the ones you love most. That’s priceless!