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Will a Pool Increase the Value of My Home?

A pool, to have or not to have? You’ve decided to sell up and move house to a suburb you’d prefer to live in, but what about the swimming pool in the backyard? You’ve heard that some potential buyers are put off by a pool that no doubt comes with high maintenance and you’ve also heard about the daunting annual figures for children drowning in pools so what to do? Or, you don’t have a pool and want to know whether you should add one to increase the value of your home. There are many factors to consider.

Consider the lifestyle values
These are many valuable lifestyle positives about having a pool including exercise. They are also a plus for entertainment, relaxation, and somewhere the kids can gather with their friends. But it depends on their ages. If you have children they will live in their swimming togs and have great fun, but teens tend to want to spend their leisure time at the beach with their friends. If your pool is aesthetically pleasing it can be an absolutely beautiful addition to your backyard. Imagine the crystal clear water shimmering under the lights on a hot summer night, and all your friends gathered for a celebration, some of them diving in and others just relaxing or chatting, glass of wine in hand. Or you wake up on a crisp, clear late winter morning and dive into the warm water of your heated pool for a swim to wash away the cobwebs of sleep. It is a healthy lifestyle many people cherish.

The climate in your area
Many people living by the sea or in suburbs close by the water opt for pools probably because It it is a way of life for them, and anyone buying in such locations are likely to expect a pool. So, if most houses in your area have pools then it’s what a buyer will be looking for. But if you live in an area where pools are not common there is probably a reason. If it’s a cold climate away from the water, even a heated indoor pool might mean you won’t get your money back when you sell. Also, someone who might like the house could cross yours off the list if they don’t want a pool, so you will reduce the number of potential buyers. If a buyer wants a pool and you don’t have one they can put one in themselves, to their own liking.

Discuss the pool with your chosen real estate agent
Talk to a local real estate agent about how much extra a pool might or might not be worth when you sell, or before you outlay any big money either putting one in or removing the one you have. The lay of the land also has to be taken into account as well. If your block is level and the necessary machinery can be brought in without knocking over yours or your neighbour’s fence and cutting underground pipes and wires then the costs won’t be as high as other scenarios. If your block is rocky, or sloping away down a mountain or a hillside and backhoes or other machinery would have a lot of difficulty getting to the pool site, and if the pipes and wires have to be located and avoided, then you’re in for larger costs.

Council regulations
One of the most important considerations is whether your pool complies with strict council regulations. It must have a proper pool fence to protect children from drowning, and some councils require you to register your pool and have annual inspections.

Damned if you do and damned if you don’t
Sometimes it must seem that you are damned if you have a pool and damned if you don’t, because there are buyers who see a pool as a huge plus but others who see a pool as an inconvenience. But if you want to invest in a pool make sure it doesn’t take over the entire backyard. And also, be sure to keep the pool maintained since there can be nothing more off-putting for a buyer to be shown a pool full of green algae, mosquito larvae and rotting leaves. One way to enhance the ambiance of your backyard apart from keeping the pool maintained is is to buy some fabulous outdoor furniture so your pool can be part of the trend of blurring the demarcation lines between inside and outside.

The pools that add value and those that don’t:

  • The el-cheapo above ground, pool that’s lined with vinyl and costing from $3,500 upwards is probably not going to add any value to your home.
  • A beautifully landscaped concrete, in-ground pool costing anywhere from $40,000 to $90,000 is more likely to add value, providing it works well and fits the property’s style and design and does not dominate the space. Couples with very young children could pass your home by if it has a pool because of the safety components, but others with older children might be delighted.

So, definitely consider the following:

  • What style is your pool and does it fit in with your community?
  • What condition is the pool in now and do you keep it maintained?
  • What is the age of your pool? Does it need updating?
  • What about the landscaping? Do you need a revamp?
  • Is it dominating the backyard?
  • Most importantly, does it comply with council regulations regarding safety fences and pumps.

When it all boils down to it, there are no guarantees that investing in a pool will will bring you a return when you sell. At most it could increase the value by a small amount, but it all depends on the points made earlier, so the best advice is to go with what you want. If your pool, or the one you want to install can enhance your lifestyle then that’s worth more than money.

Source: Integral media

 

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