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Torn over the decision as to whether or not you should install a swimming pool on your property? Some homeowners, for instance, are concerned over the impact a pool addition may have to a home's resale value down the road. Fortunately, recent studies have shown that pools add a significant amount of resale value to a home. This, in addition to the luxury and relaxation that a backyard pool affords you on your own property, adds to the ever-growing list of reasons to install a swimming pool.
How Much Value Can a Pool Add?
One Secret Agent study found that a swimming pool could add between 10% and 16% to the total value of a house, or at least $140,000. This range varies due to the different impacts that a pool addition can have in various neighbourhoods. For example, in one suburb, pool ownership may be more desirable than in others where a community pool or similar amenities may already be available. Still, on average, you can expect your home value to increase by 10-16% with a standard pool installation. In this sense, despite the initial investment required to add a pool to your property, you can enjoy a great return on investment should you decide to list your home for sale down the road.
Why Buyers Want Homes With Pools
There are many reasons as to why a pool can be a major draw to prospective homebuyers. For starters, it's worth considering that people are beginning to spend more and more time in their own homes as a result of busier schedules across the board. As a result, people feel more of a need than ever to have their own sources of relaxation, entertainment, and recreation on their properties. A pool provides an excellent combination of all three of these needs, especially for young families.
Even for families who live close to a local water source, such as a lake or beach, a swimming pool is a huge draw. This is because, especially with younger children, it can be a time-consuming hassle to pack and prepare for a day by the water. By having a pool on one's own property, it's easy to save time and avoid that hassle while still getting to spend time in the water. A personal pool also provides more privacy than any community pool or beach possibly could.
Designing Your Ideal Pool
In order to maximise the increase in property value in planning your pool installation, working with the right team of experts is key. At Albatross Pools, we have the expertise to design your dream swimming pool while incorporating it into your existing landscape and design style, thus maximising the use of your space and overall functionality. We have a variety of pool designs and innovative features to create a unique, beautiful space in your yard.
See what a difference a swimming pool can make to your home's value. Contact Albatross Pools today to find out more about what we can do for you!