Is a Swimming Pool a Good Investment?
Popular nationwide residential contractors - Talk To An Expert - Blog - While it may seem obvious that the best return on investment on a pool would occur in states with lots of sunshine and longer swim seasons (which is true), some of the most popular states for pools also include several cold-weather states. a straight dollar amount. If you're looking to add value, inground is the way to go. You're looking at an increase of 7%-30% on your home's resale value. In these cases, homeowners see the greatest returns on their investment when they focus not entirely on the pool but the complete backyard. This becomes very attractive to potential home buyers. While your pool will increase the market value of your home, the majority of that value will be in perceived value vs. For example, adding a $10,000 pool will not mean your home's value will increase by $10,000. While an above ground pool can be an added incentive for about 75% of buyers, the pool itself will not be added into the value of the home. Those numbers are for inground pools specifically. This could lead to longer time on the market when it comes time to sell, and therefore a higher probability of price cuts if you can't sell at your asking price. This will also take into account where you live; if the swimming season is extremely short (like in Maine) the return percentage will be lower than an area with a long swimming season (like Florida). Free contractor estimates - ceiling finishing, wall repair service, plaster installation, drywall patch, sheetrock replacement. These pool owners look to make their outdoor area usable and entertaining all year long with other elements outside of the pool. Additionally, a well-kept pool will add value to home whereas a pool that has "let itself go" due to poor maintenance and little to no upkeep would more likely deter potential home buyers. On the other hand, a beautifully kept sparkling clean pool could be that little something extra that sets your home apart from the rest. Another way to look at this is if most homes in your region or neighborhood have a pool, but yours doesn't, not having a pool can be considered a negative by any prospective home buyer
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