For people in many parts of the country, whether to build a pool can be a tough decision. For those of us in South Florida, it’s a bit of an easier choice. It all comes down to whether you want a pool or not. But believe it or not, pools can actually scare off some homebuyers. Although you probably don’t anticipate moving for a long time, there will come a point when your home will go up for re-sale. So you might want to think about the fact that a pool will turn off some buyers. In-ground pools aren’t always a selling point.
Obviously, if swimming is a big part of your lifestyle, then a pool makes sense. According to Better Homes and Gardens Real Estate, pools are very appealing to middle-aged buyers with kids, but not so much with couples with small tykes — for obvious reasons. There has also been a trend toward outdoor entertainment areas among buyers today. Some like fire pits and outdoor kitchens and seating areas. So a pool might be a nice fit for those looking to entertain outside.
You should also take into account the location of your home when deciding whether to include a pool, as well as where you plan to build. If you are in an upscale neighborhood where most of the homes have a pool, then not having a pool just might make your home tougher to sell.
Lastly, take into account your lot size. If your lot is small, you’re not going to want a swimming pool to take up most of your space. Buyers typically want some grass for pet or child playtime. So if your whole back yard were be taken up by a pool, you likely would turn off some future buyers.
Does a pool actually add value to a home? Well, it depends.
Keep in mind the average cost to install an in-ground pool is about $30,000, and depending on what landscaping features you add, it can easily run as high as $100,000.
Even so, according to the National Association of Realtors, pools do add about 8 percent to the average property value.
So if you are looking for a way to add value to your home, a pool is generally not the way to go. You’re probably better off installing those granite countertops and spending more money on the kitchen and bathrooms. But if building a pool enhances your lifestyle and you have the resources, go for it! Pool or not, consider hiring us to keep watch on your property while you travel or spend seasons in other parts of the country. You can learn more here.