How much value does a pool add to a home? The experts are a split on how much a pool can contribute to a home's value. One HouseLogic study suggests an increase of 7 percent, at most, under ideal conditions, while HGTV reports that the average inground pool can up your property's value by 5 to 8 percent.
Real estate experts estimate that an average 14x28-foot inground concrete pool potentially adds 5 to 8 percent to the real estate value of your home. If your property is worth $400,000, you'll realize a boost to the value of your property of about $20,000 to $32,000.
Pools boost your property value. Is a pool a good investment? It certainly makes your home more appealing. A report from the National Association of Realtors (NAR) released several years ago found that property values rise an average of 4 to 6 percent when an inground pool is installed.
A pool can be a good idea because it may increase the value of your home. In fact, it may increase the value more than the price of the pool itself. Of course, if that is the case, it is a sign a pool may be a good investment for you.
Whilst owning an outdoor swimming pool, endless pool or hot tub will not add value to your home they are certainly a wonderful lifestyle investment if you enjoy having fun in the water and are prepared for the cost of upkeep!
An above ground pool may provide lots of fun for the kids or perhaps even for you, but do not expect it to add value to your home. Even the top of the line versions is still considered undesirable for most any home buyer.
More Definitions of Pool Asset
Pool Asset means an Asset which the Borrower is permitted to purchase in accordance with Investment Policies and Restrictions and which the Borrower owns free and clear of all Liens (other than Permitted Liens).
Swimming pools are worth more in Los Angeles than they are in any other major U.S. metro area, followed by Austin and Orange County, California, where a pool adds more than $50,000 to a typical home's value.
The cost to install an inground pool is $35,000 on average and can range from $28,000 to $55,000 and sometimes upwards of $65,000 for special customizations and extra features. An added hot tub, for example, will cost $6,000 to $15,000 and pool lighting will be another $700 to $1,800.
Overall some 17% of high end estate agents have seen an increase in demand for swimming pools that can add up to 15% to a property's sale price, according to the study from Direct Line's Select Premier Insurance.
A good indoor pool (it is not worth putting in a cheap one) will set you back at least pounds 10,000 and a very glamorous one could cost up to pounds 100,000. "Indoor pools, although expensive, can add appreciably to the value of a property" says Mr Greenwood, "because they can be used all the year round.
2. Swimming pools. It might sound surprising but a swimming pool can knock-up to £20,000 off your home. Given how poor the British weather can be, potential buyers are put-off by having one at all.
Whilst we're certainly an outdoors people, swimming pools aren't common on the estates of London and Birmingham; despite every outdoor pool from Spain to Sardinia being overtaken by Brits in their socks and sandals. Swimming isn't only a pastime of leisure; it offers significant health benefits for all ages.
Having a swim spa right on their property is a big bonus, and this is one of the reasons swim spas are gaining in popularity. When individuals are now looking to buy a home and it has a swim spa ready and waiting for them, it can add real value to that particular home, and may actually be the decision maker.
Permitted Development and Outdoor Pools
The good news is that most homeowners with a large enough garden can build an outdoor pool under their permitted development rights. Swimming pools are covered by Class E for householders, and can be built without planning permission as long as you stay within the regulations.
Planning permission is not usually required to install an outdoor domestic swimming pool as a pool is often considered as a garden project.
For a family of 8 people, a pool size of 18 by 36 feet is adequate. Even if you all decide to swim at the same time, there will be enough space for everyone. A rectangular shape is the best choice for this size of the pool. If there are six or less in your family, a pool size of 16 by 32 feet will be sufficient.
Cocktail pools tend to be less than 400 square feet and provide an ideal solution for homeowners with limited outdoor spaces. Sometimes called "spools" for a small pool that combines a pool and a spa, these cocktail pools often include heaters, jets, and benches.
To give you an upfront estimate, you can expect to pay between $30,000 and $85,000 on your inground fiberglass pool, depending on the size and other package details. A small inground fiberglass pool of around 12x24 feet would start on the lower end in the $30-45k range, even with installation and patio work.