Does a Pool Installation Add Value to Your Home?

Pool-Installation

 

A home with a pool might seem like a dream come true, but will you regret spending your money? How much value can recoup off of your investment? The answer comes down to a variety of variables including, your location and neighborhood you live in, and the amount that you plan on investing.

 

If you’ve been thinking about installing a pool in your home, here is what you need to know.

 

When a Pool Makes Financial Sense

 

  • If you live in a warmer client.
  • If your home’s lot is big enough to accommodate a pool with some space leftover.
  • If your home is located in a higher-end neighborhood.
  • If most of your neighbors have pool. In this case, it might make your home more difficult to sell if you don’t have a pool.

 

Even so there is no guarantee that you’ll get a large return on your investment. The National Association of Realtors recently published that an in ground pool installation can increase a total value of your home from 8% to 15% on average. The results vary drastically by region. In the Southeast has seen as little as 5% to 10% while the Southwest typically ranges from 8% to 13%. Northern areas witness an average value of 6%.

 

Enjoyment and Quality of Life

 

However, it is important to keep in mind that the true return on investment is the quality of life and the enjoyment you receive from a home. This is something you can’t put a price on. Pools add a certain aesthetic that does at least add some value to your yard, in addition to years of family enjoyment and exercise.

 

If you have been considering a pool installation, its important to keep in mind, why you want to install a pool. Chances are if you are looking to raise your home’s value, this might not recoup as much of your investment as your looking for. In most cases, its best to install a pool for other quality reasons other than equity.