For those who have been looking for a way to cool off on a hot summer day, they have probably imagined jumping into a deep, blue pool in your backyard. Then, when they look outside, they imagine what it would take to put in a pool. Sure, putting in a swimming pool does require an upfront investment; however, some homeowners might be wondering if they can recoup their costs when they sell their property down the road. Therefore, does putting in a swimming pool increase the value of a home? There are a few key points to keep in mind.
Reasons Why A Swimming Pool Might Increase The Value Of A Home
Even though there is a large price tag to recoup, there are ways that a swimming pool might help. These include:
- The home is located in a neighborhood with pricier homes where many other properties have swimming pools as well
- The climate is warm and provides ample opportunities for people to enjoy the pool throughout the duration of the year
- There is still room in the yard for other amenities, such as a swing set, if a potential buyer wants to put one in
- The style of the pool fits well with the overall curb appeal of the home
If the buyer wants to live in a home with a swimming pool, then all of these points are going to drive up the asking price of the home.
Reasons Why A Swimming Pool Might Hurt The Value Of A Home
On the other hand, there are a few reasons why a swimming pool might hurt the value of a home as well. Some homeowners look at a swimming pool as a liability instead of an asset. There is always a chance that someone might get hurt in the swimming pool or on the pool deck. Furthermore, any new homeowner will have to maintain the pool as well. This includes cleaning, equipment maintenance, and pool chemistries. Therefore, these points need to be considered as well.
Homeowners Must Do Their Research
In the end, it is possible that a swimming pool might increase the value of a home. Homeowners need to do their research to see what the local market looks like before putting in a pool.