Can a Backyard Swimming Pool Increase My Property Value?

Backyard Swimming Pool Can Increase Property Value

A pool is a big investment, but is it worth it? Read on to learn whether or not a backyard swimming pool can increase the value of your property.

Keyword(s): backyard swimming pool

When we think of a backyard swimming pool, we think of cookouts, summertime gatherings, and family fun. With all that positivity, it is no surprise that a pool can increase a home's value by 8 percent!

Home shoppers are on the hunt for their dream abode, and more often than not, that dream includes a place to kick back and relax. There's no better place to do that than next to a beautiful, crystal clear pool.

So, what are the details of this finding?

Let's explore some more.

Value in a backyard swimming pool

The reasons people are drawn to a home with a backyard swimming pool will vary, but one thing is certain: pools add value. Period. 

But, how can you know where your home falls as far as how much value?

Here are some factors that can increase its worth:

• if a neighborhood has mostly homes with pools
• if a buyer is specifically looking for a home with a pool
• if the backyard is bigger than just the pool, leaving room for extra recreation, like an outdoor grill station or jungle gym
• if the home is in a warm place like Florida, where the pool gets used more often
• if the pool area is well-maintained and up to date with current technology
• if the home is located in an upper-class neighborhood where the added expenses of a pool wouldn't be a deterrent

In-ground or above ground?

Believe it or not, all pools are not created equal. 

In fact, while an in-ground pool can have a serious return on investment, an above ground pool brings zero to the table as far as a return. 

Some sellers will make pitches about how you can remove an above ground pool easier than an in-ground one. But, let's be honest. If you're thinking about building a pool, you're probably not thinking about getting rid of it.

So, if you're looking into adding a pool as an investment, make sure it is in-ground.

An extra boost

Whether you decide to have a pool installed, or if you already have one, these upgrades can increase the value of a home even more.

Regular, professional care

Hiring a professional is the first and most crucial step to ensure your pool adds the most value to your home. 

Consistent and efficient maintenance will keep your backyard swimming pool on-point while it's yours to enjoy. Plus, if/when you're ready to sell, you'll save money on trying to spruce it up because it will already be in tip-top shape. 

Fencing for safety

Families who are looking to buy a home will find pools with safety fencing much more appealing than pools without it. 

Some parents may not have intended to purchase a home with a pool, so the idea of one can make them nervous if they have children. To be a step ahead of the game, add safety fencing that will put them at ease right away.

To be a step ahead of the game, add safety fencing that will put them at ease right away.

A deck for good measure

The next best thing after a pool is a deck where you can soak up the sun and hang out with family and friends. 

Building a deck or patio is a wise investment, considering 98 percent of home buyers prefer a home that has one. 

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