I am a Realtor, and in general a pool adds about $10,000 to a property here in Arizona. It may add a little less if the pool is old or needs a lot of work. If you are putting a pool in and spend $20,000...you still may only increase your value by $10,000. And as a Realtor in upstate New York, where summers are short, a pool can actually decrease value. In 27 years of business, I've seen almost as many filled in as installed. Unless you're staying in your home for a long time, or willing to "write this off" as a hobby type expense, it's better to visit the YMCA than to spend the money. I live in the Midwest - and a recent appraisal showed a 10K increase in my home's value because of the pool. You will not recoup your entire investment - although that should not impact your decision to install a pool. What could be more fun? In San Bernardino County, CA, the tax assessors office added $17,500 to our tax basis for our pool and spa, which I understand from my pool contractor is a standard amount. I don't know that it actually increased the re-sale value by that amount, but we don't plan on selling anytime soon, and we can usually swim with minimal heating of the pool for 5 to 6 months out of the year. $17,500 may actually be about right with our long swim season. In the Midwest, pools decrease the value of high-end ( 2 million plus) homes. When we bought our house, the listing included an offer to fill in the pool for free. Ten years later, we are selling and the Realtor has advised that we have to include such an offer, as most buyers will not want a pool in a climate with such a short swim season.
In Texas we swim about half the year. In the last 7 years we've bought and sold two homes with pools and three homes without, actively looking for and pricing our third home with and without a pool. In our experience, homes with pools are priced the same as homes without. In other words, it adds nothing to the resale value of your home. It will reduce the value of a home if very little yard is left over, as that eliminates pretty much anyone with kids or dogs.
A certain percentage of people really want a home with a pool, but many, if not most, people really do not want a pool. You will have fewer people looking at your house if it has a pool, but those who are intent on buying a home with one will have fewer to choose from, so it balances out.
My advice would be to put in a pool only if you love your current home and are certain to be in it for a long time. Considering the expense and the mess, you might be better off moving to a house locally that already has one.
Unfortunately, above-ground pools may have unfairly developed a percieved reputation of being cheaply built and susceptable to damage from normal use.If you are considering and AG pool, pay attention to what you are considering: the gage of steel/aluminum used in panels and support columns, the decking type and construction (if available), the vinyl liner thickness and warranty, and the filtering/cleaning systems. I design, sell, build, and provide warranty proceedures for in-ground, Gunite commercial and residential pools, and thoroughly appreciate the fact that there exists a market for the AG pool in todays society. Good luck with your project.
Personally, I like the look of inground pools, but above ground pools do have their merits. In my opinion they seem safer in some ways. It's more difficult for a child or a pet or wild animals to accidentally fall into an aboveground. If your yard ever floods, an inground pool can be a nightmare - one of our neighbors has a beautiful backyard with an inground pool as its centerpiece, but every spring heavy rains flood the yard and the pool, then they are having layers of mud and debris cleaned from the pool while neighbors on higher ground or with above ground pools are opening their pools for the year.
To be honest, pools don't add much value to a home (except ''maybe'' if your pool is some elaborate show piece). For instance, if you spend $20,000 dollars installing an inground pool, it will not increase the value of your home by $20,000. You'd be ''very'' lucky if it increased the value by 10K, 5K is probably more like it. My husband and I used to invest in real estate and this was one of the first things we learned from realtor friends and other investors. This was over 10 years ago, but I doubt this rule of thumb has changed.
The restriction you mention is most likely just an arbitrary, maybe even snobby, neighborhood by-law. Some neighborhoods won't allow chain-link fences, or wooden privacy fences over or under a specified height. Some won't allow Basketball goals in the front of the house even if it is in your own driveway, some won't allow parking on the street.
An above ground pool shouldn't effect home value one way or the other unless it is unsightly and poorly maintained because an aboveground pool, unlike an inground pool, can be removed fairly easily if you decide to sell your home.
I would think it depends on what state you reside. Obviously if you live in Maine, a pool is not going to be used in the same way it would if you lived in Florida. And therefore wouldn't be much of an asset. I do know that regardless of where you live, homeowners insurance rates rise considerably when you have a pool.
Our real estate agent says only in-ground pool adds a little value to home meaning you can get a little more for it. Above ground pools do nothing and actually can be hinderance because not everyone wants a pool. thankfully its is removable.
Yes it does. You can ask more for your home. I live in British Columbia and our (get lots of rain here at times) but, if someone has a pool in their backyard you can add anywhere from $10,000 up to $30,000 depending on the size of the pool. Unforutantely it would take a fairly wealthy person to maintain pools in this day and age with the price of electricity, so many perfer to stay away from pools. Depends how hot it is where you live. Good luck Marcy
Typically no. Most people don't want a pool. However that isn't to say that it could be persuasive for the person that does want one.
This depends on buyer. If the buyer will use the pool and can afford to care for it the pool adds value. If the buyer will never use the pool, it is a liability and will reduce value.
That depends on the swimming pool and the location of the house.
Inground yes, Above ground....No
$80,000
no home equity
One determines the market value of a said home based on research of marketing houses in the surrounding area and price their home accordingly, including or excluding the value of various features of the researched home.
Yes. Any additional storage and organization will add value to your home. It is a very inexpensive way to add value to your home.
Adding shelving units to your bedrooms in your home will definitely increase the value of your home because it provides extra storage space. Shelving in the bedrooms provides versatility, style, and a modern home improvement.
The best home expresso machines vary according to the methods they use. The simplest include Nespresso, Lavazza, Gaggia and Delonghi and range from putting a pod into the machine to adding beans to be roasted, ground and finished in the machine.
Half-baths contain a toilet and a sink, but no bathtub or shower stall. The National Association of Home Buyers estimates that adding a half bath will add 10.5% to the value of a home and adding a full bath will add 20%. Depending on the value of your home, adding either may be more costly than what you will recoup when selling your home.
Some of the benefits of adding French doors to your home include increased value and a better appearance. They are a great option.
It may add some value to your home, but probably not as much as it would cost to remodel and have one put in.
Home equity is defined as the difference between the fair market value and any liens on the home.
When a property of a home is sold, the tax amount is called the real market value. The actual value of the home would have to be determined by an appraiser.
Home equity is the unlimited interest of one's property as listed on the market. It's the difference between the home's fair market value and the balance owed on the liens that are on the property.