Adding a pool to your house can significantly increase its value. Swimming pools are attractive features that potential buyers look for when shopping for a home, and they provide a great way to relax and entertain guests.
One of the main benefits of having a pool is the ability to cool off on hot summer days. Pools can also be used for entertainment. In fact, many people entertain guests in their own pools.
The Cost
Adding a pool to your home can add value, although it may be a costly project at first.
You need to weigh the costs against the benefits. Whether or not a pool makes sense for you depends on where you live, your budget, and the type of pool you choose.
Adding a swimming pool can increase the value of your home by 7 percent, according to the National Association of Realtors. However, if you are planning to sell your home soon, a pool won’t necessarily raise the value of your property.
Some communities will require a permit for a pool. This means you’ll need to get multiple bids for your project.
Depending on your location, you may need to install a fence around your pool. This can cost between $13 and $25 per linear foot, depending on the material you choose. You’ll also have to pay for self-closing gates.
The cost of building a pool can range from $35,000 to $100,000. You’ll also need to buy chemicals and pool equipment.
Pool Location
If you have an in-ground pool, you may get some extra money, but it won’t be as much as the price of the pool itself.
When choosing the location of a pool, you should keep in mind where the sun is in the day. You don’t want to overbuild in an area where the sun never comes out.
Another factor to consider is the climate. While swimming pools can be a big perk in warm climates, they can be a liability in colder climates. You’ll likely have to spend more on paving, fencing, and other maintenance costs.
In-Ground Versus Above-Ground Pools
In-ground swimming pools are a great way to add value to your home and provide a luxurious outdoor space for relaxing, entertaining, and exercising.
1. Installation Cost and Effort
In-ground pools require more work in terms of installation, maintenance, and upkeep than above-ground pools. However, the long-term benefits often outweigh the initial cost. While above-ground pools are often less expensive and require less work, they are not as durable or aesthetically pleasing as an in-ground pool.
2. Materials
In-ground pools can be made of concrete, fiberglass, vinyl, or other materials. Concrete is the most traditional form of pool construction and is typically more expensive than other options. Fiberglass pools come in a variety of shapes and sizes, are highly durable, and require minimal maintenance. Vinyl-lined pools offer an attractive option that is more affordable than concrete or fiberglass.
3. In-Ground Pools are More Valuable
In addition to being more visually appealing, in-ground pools also add value to your home. A well-maintained pool can increase the overall value of your home, making it a great investment. The pool also provides increased privacy for any backyard gathering or party and creates an inviting outdoor space for relaxing and entertaining.
4. Durability
Above-ground pools are not as durable as in-ground pools, but they can still be a great addition to your home’s value. Above-ground pools cost less than in-ground pools, require less installation and maintenance, and still provide an attractive outdoor space to relax in. They also take up far less yard space than in-ground pools, making them ideal for smaller areas or yards with limited room.
5. A Pool is a Great Property Asset
Whether you choose an above-ground or in-ground pool, it can be a great asset that adds value to your home. Consider the cost, maintenance requirements, and installation before making a decision that is right for you. Both types of pools can provide an attractive outdoor space that adds value to your home and provides hours of enjoyment.
More Assets that Increase Value of Your Home
Besides swimming pools, there are other assets that can add value to your home.
Homeowners should consider adding features such as a deck or patio, landscaping, and an outdoor kitchen. A functional outdoor living space not only adds aesthetic appeal but also increases the overall livability of your home.
1. Deck or Patio
Adding a deck or patio will provide additional space for entertaining or relaxing, and landscaping can create a pleasing oasis for outdoor activities.
2. Outdoor Kitchen
An outdoor kitchen provides the convenience of cooking outdoors while adding another layer of sophistication to your home. Additionally, consider adding an outdoor fireplace or fire pit to provide warmth on chilly evenings and add value to your home.
3. Exterior Decor
Another great way to increase the appeal of your home is to upgrade the exterior with new siding, paint, or trim. This will add instant curb appeal and can increase the value of your property.
4. Energy Upgrades
Finally, investing in energy efficient upgrades such as renewable energy sources or an upgraded HVAC system can help reduce utility bills and may qualify you for government tax breaks. These improvements can also make your home more attractive to buyers due to the potential savings on utility bills.
With careful planning and thoughtful investments, you can improve the value of your property without breaking the bank!
Conclusion
A pool could potentially increase the value of your house. A professionally designed and installed swimming pool can be an attractive addition to your home that adds aesthetic appeal and provides a great way to relax and enjoy time with family and friends.
This investment can also add long-term value as it offers a higher return than many other home improvements. Taking the time to research and find the best option for your property can help ensure that you are making a sound investment that will last for years to come.
Article Submitted By Community Writer
