Whether or not they plan to move sometime down the road, most homeowners are interested in increasing the value of their property. One popular option is a swimming pool installation. A pool will give the family a backyard paradise throughout the warm seasons of the year, but how does it affect home value?
How to Gauge a Pool’s Return on Investment
The short answer is that pools are a good investment and adding one will increase the value of your home. However, in some cases, it may not do so beyond its cost, meaning you won’t make every cent of your money back. This is fairly normal in home renovation projects. However, the good news is you get to enjoy your pool while you’re in your home and still get a bump if you sell the property.
If circumstances are right, your swimming pool installation might increase the value of your home by about 7% when you sell. If 7% of your home’s price is less than the cost of the pool, you probably won’t make all of your money back when it’s time to sell, but if it’s a few years down the road, the value of years of enjoyment will be built into your investment.
A pool also requires maintenance. You’ll need to run a filter, which will slightly increase your electricity bill. You may want to enlist professional pool service technicians to open and close your pool or come in once a month to adjust chemicals.
Factors That May Impact a Seller’s Decision
There are circumstances that can make a pool more attractive to homebuyers and increase its value. For instance, if you live in a neighborhood where pools are common, your home will stick out without one. Also, you’re more likely to get a better return on investment if you live somewhere warm where the pool can be used more of the year.
Most importantly, the pool might be worth it just for the fun, relaxation, and heat relief it brings to your family. Buyers love homes with pools, and it’s often easier to sell the property quickly if you have one.
To boost your home’s value and start enjoying your own personal oasis, turn to Practical Pools & Ponds LLC. The company was voted one of the Big Beautiful Baldwin Bests® of 2020 and has been serving the South Baldwin, AL, area for nearly 20 years. Trust only the best with your swimming pool installation and rest assured that the team will be there for you whenever you need supplies or maintenance. Visit their website to learn more about their services or call (251) 945-4769 to talk about your pool dreams today.