Will Installing a Pool Add Value to Your Home?
In the United States, there are about 10.4 million residential pools.
If you’re thinking about joining these millions of pool owners and owning your pool, you might be wondering, “Does a pool increase home value?”
The answer can vary depending on certain factors, so keep reading to find out how much value it could add!
Does a Pool Increase Home Value?
If you’re wondering, “How much does a pool increase home value?”, then you might be excited to know that it can add between $10,000 or $95,000 to your home. However, this will depend on a lot of factors, like the rest of your real estate, the market, and your neighborhood.
For example, if you live in a neighborhood where most people don’t have a pool, you’ll be able to add more money to your house. But if everyone in your neighborhood has a pool, you won’t be able to get as much money out of it.
The quality of the pool will also help determine how much money you could get. In order for it to be worth a lot, you have to have a quality pool built and then make sure you keep up with maintaining it.
If you haven’t cleaned it in a few years, it’ll be hard to get a lot of money out of it.
Cost to Install a Pool
Before you can assess to see if it’d be worth it to build a pool, you’ll need to find a pool builder and get an estimate from them.
While it can add a lot of money to your home, it can be expensive to build as well. On average, the cost to build a pool is between $28,000 to $55,000.
This can depend on when you’re building it, what materials you want, and how deep your pool is. There are many different companies out there who will build a pool, so make sure you shop around to get the best price before you sign a contract with someone.
Cost to Maintain the Pool
When considering the return home value on your pool, you should also think about what the cost to maintain the pool is.
This can also depend on the size, type, and location of your pool. But on average, you’ll probably spend anywhere from $400 to $3,000 a year in just maintaining the pool.
This includes buying chemicals to keep the water clean, cleaning the pool itself, and any services you hire to maintain the chemicals in the water.
Learn More About Installing a Pool
These are only a few things to keep in mind when wondering, “Does a pool increase home value?” but there are many more things to keep in mind before building your pool.
We know that any home renovation or trying to sell your home can overwhelming and stressful at times, but we’re here to help you out!
If you enjoyed this article, make sure that you explore our website to find more articles just like this one!
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