One of the most commonly asked questions about installing a pool is if pools can add value to a home. The quick answer to that question is “yes.” A pool does add value to the home or property. However, there are a number of different factors that determine how much value it will add to the property. To better understand how much value a pool can add to a home, Metropolitan Pools will break down the many factors of the value a pool adds to your home.
What is the Return on Installing a Pool?
When you are considering having a pool installed in your backyard, you may wonder if it will add value to your home in regards to what you put in it. If you are planning to sell your home in the future, it makes sense to want the investment of installing a pool returned. When adding an inground pool you add as much as 7% to the home’s value. When it comes to adding value to a home, a pool is limited on how much value it can add to the home. Since there is a general limit to how much a pool can add to the home’s value, often the increased value equals half of the cost of the pool.
Does Adding an Expensive Pool to Your House Increase its Value More?
Now many people believe the bigger and more elaborate the pool is, the more they will get back. However, this is not the case. You may find you get less money back on your pool if it is too elaborate and more expensive. The pool’s value needs or should equal the relative value of the home to get the most back. So if you want to invest in a pool and plan to sell your home in the future, you will want to do a little math. First determine the value of your home, then you will want to install a pool that is not more than 13% to 14% of the home’s value. When selling your home you will add 7% or more of the home’s value when you have a pool.
Is it Easier or Harder to Sell a House with a Pool?
Not only will a pool add value to a home, but it can add more appeal to a home. For areas with hot summers like Ohio, homes with a pool has a certain appeal to buyers. Pools provide relief during the hot summer and makes for great outdoor activities. Often a buyer will imagine having pool parties with friends and family. There are many different types of pools you can install. Each will vary in cost. However, the value is fairly the same. If you are looking to install a pool that is more affordable, yet will still add value to your home, consider installing an inground vinyl liner pool. They will add value to your home. They can be custom designed and installed much faster.