The Impact Of Pools On House Values

Adding a pool to your home can be a significant investment, but does it increase your property's value? The answer is not so clear-cut. While a pool can increase your home's value, it may not always recoup the installation, maintenance, and repair costs. The impact of a pool on your property value depends on various factors, such as location, climate, neighbourhood, and buyer preferences.

Above-ground pools are seen as an afterthought and can be a liability

Above-ground pools are generally not seen as an asset when it comes to home value. In fact, they can be considered a liability in some markets. While they may have been a pandemic craze, with many people opting for them as an alternative to closed country clubs and public pools, they are not seen as being as upscale or sophisticated as in-ground pools.

The quality of an above-ground pool can also impact its value. Some are built as an extension of the home, while others can look like an afterthought. The location matters, too. In places with warm temperatures year-round, like Florida, an above-ground pool can add value. However, in other locations, homebuyers might feel that the amenity is unnecessary and takes up valuable yard space.

Above-ground pools are also not allowed in many homeowners' associations and are typically found in rural settings and older neighbourhoods. They also don't tend to last as long as in-ground pools.

If you're considering an above-ground pool, it's best to think of it as an investment in your own enjoyment rather than a scheme to increase your home's value.

In-ground pools are more likely to increase property value

Real estate experts estimate that an average in-ground pool can add anywhere from 5% to 10% to the value of a home. For example, if a property is valued at $350,000, a pool could increase its value by approximately $21,000 to $35,000. However, it is unlikely that the full cost of installation, upkeep, and repairs will be recouped.

The value added by a pool can vary based on factors such as location, the quality of the pool, market demand, and climate. In high-end neighbourhoods where pools are the norm, a pool can boost a home's value by up to 7%. Similarly, in warm climates where a pool can be enjoyed year-round, a pool can add value to a home.

The style and size of the pool also matter. The pool should complement the style of the house and neighbourhood, and it should not take up the entire yard. A well-maintained pool can indicate that the rest of the property is also well-cared for.

In addition, the presence of a pool may help attract a specific type of buyer, such as adults without children who may be interested in the luxury of a pool, or families with children who would enjoy the entertainment and convenience of a private pool.

Overall, while an in-ground pool can increase property value, it is important to consider the costs and responsibilities associated with pool ownership, as well as the specific circumstances that may influence the impact on a home's value.

Pools may not be worth the cost of installation and maintenance

Pools can be costly to install and maintain, and they may not be worth the expense. The cost of installing a swimming pool in your yard can start at $30,000 for a 600-square-foot concrete pool, and that's before you factor in additional expenses such as fencing, lighting, and landscaping. On top of the initial outlay, there are also ongoing costs to consider, such as utility bills, maintenance, and repairs.

The pump and heater, for example, can add around $100 to your monthly utility costs. Then there's the cost of opening and closing the pool for the season, which is recommended to be done by a professional and will set you back around $500 per visit. Even if you maintain the pool yourself, you can expect to spend around $600 on chemicals during the swimming season, or $15 to $25 per week if you use the pool year-round.

The size of your pool will also impact maintenance costs. Larger pools typically require higher maintenance costs due to increased demand for resources, chemicals, and efforts to maintain water quality and structural integrity. The type of pool you choose also matters—in-ground pools, for instance, are usually more expensive to maintain than above-ground pools due to their larger size and permanent installation.

Specialized pools, such as indoor or saltwater pools, have lower maintenance costs per hour, but these savings can be offset by the higher upfront costs of installing such pools. Overall, the average cost of pool maintenance is $180 per month during the season when the pool is in use, with total upkeep ranging from $115 to $354 per month.

In addition to the financial burden, pools also require regular time investments for maintenance and repairs. Skimming the pool for debris, cleaning wall tiles, and testing the pH level should be done weekly, while more intensive tasks such as vacuuming, inspecting equipment, and checking filters should be done at least once a month.

While a pool can be a great addition to your home, it's important to carefully consider the costs and time commitments involved before taking the plunge.

Pools are more valuable in hot climates

Pools are often seen as a luxury, but they can also boost your home value. In hot climates, a pool can be a significant advantage when selling a house. Here's why pools are more valuable in warmer locations:

Year-Round Enjoyment

In hot climates, such as California, Florida, Arizona, and Hawaii, a pool can be used for a more extended period throughout the year. This is in contrast to colder regions, where pools may only be used for a few months. As a result, buyers in these warm climates may be specifically looking for homes with pools to provide relief from the heat.

Increased Demand

In hot climates, there is often a higher demand for homes with pools. This is reflected in the fact that in some housing markets, it is considered a deficit if your home is the only one without a pool. Therefore, having a pool in a hot climate can make your home more desirable and competitive in the market.

Outdoor Living and Entertainment

A pool can enhance your outdoor living space and entertainment options. In hot climates, a pool can be a central feature for hosting gatherings and enjoying the outdoors. It can be part of an outdoor entertainment area, including a full kitchen, spa, or pool deck. This adds to the appeal for buyers who value outdoor living and entertainment.

High-End Neighborhoods

In warmer climates, pools are often seen as a standard amenity in high-end neighborhoods. If you live in an upscale area where most homes have pools, not having one could make your property less desirable. Therefore, a pool can be a valuable feature to attract buyers looking for luxury and convenience.

Family-Friendly Feature

While pools may be a concern for families with toddlers due to safety reasons, they can also be a significant advantage for families with older children. In hot climates, a pool provides a fun and convenient way for families to spend time together and entertain their kids' friends. This can be a strong selling point for buyers with children who are looking for a home in a warm climate.

In summary, pools are more valuable in hot climates because they cater to the specific needs and desires of buyers in those regions. They provide a functional way to beat the heat, enhance outdoor living, and offer entertainment for families. However, it is important to note that a well-maintained pool will always be more attractive to buyers, regardless of the climate.

Pools are more valuable in high-end neighbourhoods

Pools are often seen as desirable features that can significantly increase a home's attractiveness, especially in high-end neighbourhoods. In these affluent communities, a pool can be a standard amenity, and not having one could make your home less desirable to buyers. This is particularly true in warmer climates, where a pool can be enjoyed year-round and is seen as a necessity rather than a luxury.

In high-end neighbourhoods, pools are in greater demand as homeowners can afford their upkeep and maintenance. The presence of a pool in these areas can increase a home's value by up to 7%, or even 10% according to some studies. This boost in value is influenced by the size, design, and quality of the pool, with larger, custom-designed pools with high-end features likely to command a higher resale value.

Additionally, in competitive real estate markets, a swimming pool can set your home apart from others, attracting a broader range of buyers and potentially increasing the asking price. This is especially true in premier neighbourhoods where pools are common and expected.

However, it is important to note that the value added by a pool is dependent on various factors, including the local market demand, the condition of the property, and buyer preferences. While a pool can be a valuable addition to a home in high-end neighbourhoods, it may not always recoup the full cost of installation or upkeep.

Frequently asked questions