Experts are divided on how much a pool can contribute to the value of a home. A HouseLogic study suggests an increase of 7 percent, at most, under ideal conditions, while HGTV reports that the average underground pool can increase your property value by 5 to 8 percent. Under ideal circumstances, installing an in-ground pool can increase the value of your home by up to 7%. Considering how much it costs to install a pool, this means that it probably won't increase the value of your home as much as it costs you to install the pool.
Will a swimming pool add value to your home? The pool itself matters. If it is well maintained, the answer is more likely to be yes. If it hasn't been cleaned in years, the answer is probably no. This is something you'll want to consider when deciding what type of pool would work best for your property if you decide to have one installed.
In addition to the cost of monthly pool maintenance, higher costs may be required to keep your pool in good condition for the long term. There is no simple answer to how much value is added to a home with the addition of an in-ground pool. In places where there are fewer pools than the average, the value of the home could increase dramatically because they have something unique to offer in the market. Just as finding the right time for the best time to sell a home and choosing the right paint colors can increase the value of your home, adding a pool can bring a lot of added value to your home.
You simply want to be prepared for the responsibility and costs that come with maintaining a pool, as well as the fact that it could deter some buyers if you decide to sell your home in the future. While some buyers may be discouraged by the cost of maintaining a backyard pool, it may not affect those looking for a luxury home on the market. Real estate experts estimate that an average 14x28 foot in-ground concrete pool can add 5 to 8 percent to your home's real estate value. When you have a pool, you can make your home a more pleasant place to be, something you really can't put a price on.
Inspired to improve their quality of life while spending much more time at home than usual, many Americans chose to install above-ground pools to help them have a refreshing and cool summer. One of the most important factors that can determine whether or not an above ground pool will increase the value of your home is quality. Many factors influence the value a pool has in your property, including your own enjoyment. However, pool installations aren't the cheapest upgrades you can make to your home, and that's even before you consider the cost of maintenance and repairs.
Gelios adds that while a group may be attractive, it doesn't increase value by an enormous amount, often no more than 8 percent at the upper end, he explains. If you hire a pool service, your maintenance costs will be slightly higher than if you do it yourself.