There are many questions that arise in relation to a swimming pools effect on the value of a home. While above ground pools work just as well for swimming in, they do not add value to a home. In fact, many real estate professionals will tell you that they even devalue a home.
Does an above-ground pool add value to a property?
Edward Bedinotti, a certified residential appraiser in New York State, agrees that an above-ground pool won’t add value to a property because personal property items are not typically valued in a home appraisal. However, there are times when a well-designed, well-integrated above-ground pool could add value.
Is an in-ground pool a good investment for your home?
While an in-ground pool is much more expensive and timely to install, this permanent investment is the only real way to add any sort of swimmy-value to your home. As the name would suggest, these pools are installed into the ground of your yard or garden, often using concrete.
How much homeowners insurance do I need for an above-ground pool?
However, as above-ground pools are considered personal property, there may be limits on how much coverage you can have on the pool — typically 50%-75% of the total coverage on your home. That means if you have $300,000 of dwelling coverage, you would have up to $150,000 on your above-ground pool and surrounding structures.
Why build a deck around an above-ground pool?
The deck can be built to allow easy accessibility to the pool from the home. Limbird currently has a listing with a higher-end above-ground pool where the homeowner has dug out a portion of the ground so that the pool is partially inground, which gives it more of a permanent, custom look.
Is an above ground pool safe for kids?
Can you install an above ground pool?
Does an above ground pool devalue your home?
It won't be easy since a swimming pool can actually make your home harder to sell. Many buyers consider it a liability rather than a luxury. Under the right circumstances, however, a pool could boost your home's value by as much as 7%, Houselogic estimates.
Why do above ground pools lower property value?
Above Ground Pool Even the top of the line versions is still considered undesirable for most any home buyer. These are considered so unsightly that they can lower your home's value, just because most customers will calculate the cost of their removal into an offer.
How much value does an above ground pool add to a home?
Swimming Pools When a pool does increase the value of a home, it's usually no more than a 7% boost—not necessarily an amount that would make it worth the cost—and even that small return happens only in certain situations: You live in a high-end neighborhood where pools are the norm.
Do above ground pools decrease value?
Adding an above-ground swimming pool to your home does NOT add any official real estate value to the property. Adding permanent decking, outdoor lighting, and landscaping to the pool area can add value to the home though.
How long do above ground pools last?
Average Life Expectancies The market average life of an above ground pool may be shorter than you think at about 7-15 years. However, when you buy from a quality brand and maintain your pool properly it will last many years longer than that.
What adds the most value to a home?
What Home Improvements Add the Most Value?Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. ... Bathrooms Improvements. Updated bathrooms are key for adding value to your home. ... Lighting Improvements. ... Energy Efficiency Improvements. ... Curb Appeal Improvements.
Why do pools not add value?
Having a pool isn't cheap even once the install is over with. The average cost per year for basic pool maintenance ranges between $1,200 and $1,800. When you add in utility and repair costs, the amount you spend per year can end up totally between $3,000 and $5,000.
Does removing a pool decrease home value?
Pool removal could increase the value of your home. Your property value is more likely to go up when the pool you're removing has these factors: The pool takes up a lot of the backyard.
What puts value on a house?
Maximum value will be added by improving the main living spaces, such as the kitchen, dining and living area and the way in which they work together. Before removing walls, work out which are loadbearing by checking the direction of the floor joists as these should always rest on structural walls.
Can you sell an above ground pool?
One of the premises to buying an above ground is that if you don't like it or want it anymore, then you can sell it. It's very common for potential and new above ground pool owners to think that the option of selling their pool later is a strong one.
Does a backyard increase property value?
Good news, homeowners! In a recent University of Michigan study, landscape updates were shown to boost property values up to 11 percent. That means that if you're looking to boost your home's rates on your next evaluation, your best bet may be to head to the backyard.
Does a fiberglass pool increase home value?
Home Values and Fiberglass Pools Considering all these factors, in general, fiberglass pools do add value to a home. The National Association of Realtors has said that a concrete or fiberglass pool may add roughly 5% to a home's value, but again, this number can vary.
Does removing pool decrease home value?
If your home is situated in a geographic area that has less than three months of what can be considered swimming weather, removing it is very unlikely to decrease your home's value and may even increase it.
Can you sell an above ground pool?
One of the premises to buying an above ground is that if you don't like it or want it anymore, then you can sell it. It's very common for potential and new above ground pool owners to think that the option of selling their pool later is a strong one.
Do swimming pools add value?
But how much value do they actually add? According to HouseLogic, a pool can lift your home's value by up to 7%, but it's usually under certain circumstances. Some of these factors include the climate where you live, the kinds of people you're selling to and the type of pool you install – but more on these shortly.
How much value does a pool add to an appraisal in Florida?
In Florida, it's estimated that having a pool will increase house value by more than 5% to 8%, considering the factors listed above. That is the climate, ongoing trend, pool service and maintenance, pool landscaping, the lifestyle of buyers.
Where do above ground pools add value?
Location makes a difference. Above-ground pools generally add more value in areas that have warm temperatures year-round, such as Florida, Texas, or Arizona, as there will naturally be more demand for them.
How do appraisers value an above-ground pool?
Assessing the value of an above-ground pool isn’t as straightforward as assigning a certain dollar figure. Appraisers will have different outlooks on how to determine whether the pool will boost the home’s price — or even detract from it.
What is the best way to make an above ground pool more valuable?
A pool deck is the most effective way to achieve this. The deck can be built to allow easy accessibility to the pool from the home.
Why surround a pool with a fence?
Particularly in neighborhoods with children, it’s essential to surround the pool with a secure fence and locking gate, like this one from Amazon for less than $1,000, to prevent accidental drownings. This will help to assure buyers not only that their own family will be protected, but also that they won’t have to worry about being liable for other children accessing the pool.
What is the material of an above ground pool?
According to Dean, there are several factors influencing the overall cost of an above-ground pool: Material: Most above-ground pools are made of steel, aluminum, or resin.
What is an above ground pool made of?
Most above-ground pools are made of steel, aluminum, or resin. The resin pools have the advantage of being rust-proof and highly resistant to warping and denting. As they are more expensive than the other materials, resin pools have the potential to hold more value. Insurance:
How to decorate a pool for winter?
Place some decorative planters around the pool to add seasonal color and warmth.
THE AVERAGE INGROUND POOL COST 50K WHILE THE AVERAGE NICE METAL-WALLED ABOVE GROUND POOL IS 8-10K
Some may think that it’s better to spend fifty thousand for something that adds value to your home versus ten thousand for something that adds no value. In some cases, it is. But in most cases, it isn’t.
PERMANENT DECKS, LIGHTING, AND LANDSCAPING CAN ADD REAL ESTATE VALUE
Above ground swimming pools and decks go hand and hand. I good percentage of above grounds have decks attached to them. Some of these will add value to your home.
THE SMARTEST FINANCIAL MOVE IF WANTING A SWIMMING POOL – BUY A HOUSE THAT ALREADY HAS ONE
Coming from a guy who has been 36 years in the swimming pool business in the second biggest pool market in the US, this is very sound advice.
OPTIONS FOR SELLING A HOUSE WITH AN ABOVE GROUND POOL
People selling a home with an above-ground pool have two options. They can take the pool down or make it look great.
THE STIGMA OF AN ABOVE GROUND POOL
I’ve been installing above-ground pools since the mid-1980s. At first, I installed pools mostly in lower-valued properties. I installed pools deep out in the country where the homes weren’t very nice, in a lot of trailer parks, and in lower-income neighborhoods.
How much does a pool boost your home value?
Under the right circumstances, however, a pool could boost your home’s value by as much as 7%, Houselogic estimates. Here are the conditions: 1. You live in a higher-end neighborhood where most of your neighbors have pools. 2.
Where can I have a pool year round?
2. You live in a warmer climate like Florida, Arizona or Hawaii where you can enjoy a pool year-round.
How much does it cost to fill a 600 sq ft pool?
According to Houselogic.com, the National Association of Realtors' online magazine for homeowners, the average cost to install, equip, and fill a 600-square-foot concrete pool starts at $30,000. Find expert agents to help you sell your home. You’ll also need to enclose your pool with a fence—a requirement in most states.
Do you need to pack up towels for a pool?
It’s one of those lazy, hot summer days when you long for the cool, crystal-clear waters of your very own swimming pool just outside your back door. No need to pack up towels, sunscreen, floats and swim goggles so you can load up in a sweltering car and drive to the community pool. You just open the door and paradise awaits.
Can you attract a buyer who wants a pool in their new home?
5. You can attract a buyer who wants a pool in their new home.
Does a pool take up your yard?
The pool doesn’t take up your entire yard —there’s still room for a swing set and a garden. 4. The style of the pool fits with your home and neighborhood, and it’s well maintained. 5. You can attract a buyer who wants a pool in their new home. In the end, if your heart is set on adding a pool, don’t look at it as an investment in your home, ...
Does homeowner's insurance cover swimming pools?
Your homeowner’s insurance probably already includes coverage for a swimming pool, but it’s worth checking first. Consider increasing your liability coverage as well just to be safe. It’ll cost you less than a couple of bucks a month to bump your coverage from $100,000 to $500,000.
How much does a pool boost your home value?
However, Ramsey still says that a well-marketed (in-ground) pool could boost your home’s value by as much as 7%.
Who is more likely to buy a home with a pool?
High-end buyers are thought to be more likely to purchase a home with a pool than a starter or mid-range buyers, while middle-aged couples with kids will enjoy having a pool for their restless teenagers. Health- or outdoor enthusiasts might even like your pool for swimming laps, or just relaxing outside during the nice weather.
Why are pools so hard to sell?
Why Pools Are Tricky. Pools are a hard sell when it comes to getting a fair price for your home , and it’s not just because your buyer might have missed the Michael Phelps craze that struck the nation during previous summer Olympics.
How much does it cost to maintain a pool?
According to Houselogic.com and Dave Ramsey, pools cost on average $1k per year to maintain between the seasonal opening and closing costs, adding the necessary chemicals to keep them clean, and the utility bills to run the pump and heater every month.
When is the best time to sell a home with a pool?
Says Andersen, “A closed, covered pool brings a lot of questions and worries in the eyes of home buyers.” With this in mind, you probably want to sell when the weather is nice and it makes sense to have the pool open. “The best time to sell your home with a pool,” says Andersen unsurprisingly, “is when the weather heats up.”
Can you sell with a pool?
If selling with a pool it’s important to realize in advance that this will inevitably shrink your buyer pool (pun intended) and it might end up taking a bit longer to sell.
Is it hard to sell a house with a pool?
Pools are a hard home feature to pin down as far as value . While many realtors will tell you how much buyers love them, just as many will tell you the opposite. We’ve spoken to some experts and compiled a list of definitive truths about selling your home with a pool .
Is an above ground pool safe for kids?
If safety is your priority, or if you have young children and want to avoid accidents, above ground pools are the best. They have higher entry points, which rarely leads to accidents. Moreover, you can compare the available variety of features and settle for the safest one to have around kids. Since different models have different modes of installation, you can also talk to the seller or the one installing to advise you on the one that offers the best safety measures.
Can you install an above ground pool?
Installing a pool can take time. However, above ground pools can be installed within the shortest time possible. It is, therefore, suitable if you urgently need a pool. It involves less construction and digging, which makes it easy to install. Additionally, it requires fewer chemicals to maintain, which saves you money. Various factors that delay pool installation are the status of the installation area. If the place is not leveled and covered with trees, expect the process to be lengthier.
