If you are considering adding a pool to your home, there are many things to consider. While the value of a pool differs from one pool to the next, the important thing is whether or not it can add value to your home. Pools in themselves should not be considered investments. They should only be constructed in your yard if you plan on using them frequently. Here are a few things to consider when building a pool.
Local Market Consideration
Whether or not a pool can add value to your home depends greatly on the neighborhood and market in which you live. Certain areas are known for having pools in their backyards. In some areas, having a pool can be perceived negatively. For example, areas like Austin, Texas are known for having pools in their backyards because it is such a warm temperature for much of the year. Florida is another area that is known for having pools.
Most of the time, the cost to build a pool and maintain is not recouped. Pool construction can range between $25,000 to $45,000, depending on the size and location of your home. The value that most appraisers assign to pools is typically maxed out $10,000. So, a pool should be something that you will enjoy.
In order to determine whether a pool will add to or take from the value of your home, you should consult a real estate professional. Ultimately, the value of your home is determined by the potential buyers of your property. If a pool is looked at as a benefit, buyers will pay extra for it.