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.
$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.
Adding an extra bathroom can significantly increase a home's value, often yielding a return on investment of 20-30% or more. The exact value added depends on factors such as location, market demand, and the quality of the renovation. Generally, homes with more bathrooms attract a wider range of buyers and can sell faster, making it a worthwhile investment for homeowners.
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.
Improving your home's curb appeal with DIY grading around the house can be achieved by leveling the ground, creating proper drainage, and adding landscaping features. This can enhance the overall appearance of your home and increase its value.
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.