17
Mar
Does A Pool Add Value To A Home. The bottom line is that you should add a pool because you want a pool, not because you want to maximize the value of your home. And don�t forget maintenance, which can run you as high as. More than 90 per cent of owners think their swimming pool adds value to their home, but in some cases, it can do the opposite. The type of construction is the most significant factor impacting a pool�s value.
Swimming pools add value to homes, as long as they tick the boxes. One appraisal of your home without the pool and then have the appraiser do another appraisal as if your home has a pool and see the difference in appraised value. Consider your life stage our rule of thumb is, if you have young children a swimming pool can be worthwhile, as they tend to live in their swimmers and will have years of enjoyment. On the other hand, if every other home in your neighborhood has one and you don’t, that could be detrimental to the sale value of your house. A pool adds $11,591 to the value of the typical home in the metro area, the lowest on the list of places where a pool provides a premium. In some areas, adding a pool may increase your annual property taxes, but it won’t necessarily add to your home’s selling price.
How does an appraiser view your pool?
Annual maintenance for pool cleaning and adjusting chemicals runs $500 to $1,000 per year if you do the work yourself, and the cost varies depending on where you live. When does a pool add value to your home? But only you, the homeowner, can determine the true return on investment. And as with most large purchases many people finance the addition. For that reason, try to keep your total building cost between 10% and 15% of what you paid for your house, lest you invest too much in an amenity that won’t pay you back. More than 90 per cent of owners think their swimming pool adds value to their home, but in some cases, it can do the opposite.
