Many people believe that swimming pools can increase a property’s value. This is true, although only to some extent.
There are several factors to think about if you want to install a pool for the sole purpose of adding value to your home. These factors are listed below:
Age of the Pool
It goes without saying that newly installed pools, especially those designed with fibreglass, have greater value. If you are planning to sell your property only after a few years after installing the pool, however, it would be unlikely for you to recover your costs.
Consider the type of suburb you live in. In upscale communities, for instance, swimming pools are usually part of the package. So if you live in a well-to-do suburb, selling a house with a pool should not be a problem. Climate is another factor to consider. For example, if you live in Perth or Queensland, the warm climate practically makes swimming pools a requirement in every home. In places with colder climates, however, swimming pools don’t have that much value.
The Right Buyer Not all home buyers include swimming pools in their checklists. Low-end to middle-range buyers are less likely to buy a home with a pool. Also, families with very young children may turn down nice homes with swimming pools due to safety concerns. This makes targeting well-off newly weds and childless couples a great move.
A swimming pool is a great addition to any home, both aesthetically and as an asset. If you are planning to sell your property in the future, be sure to keep your pool in excellent shape. Depending on its condition, the value of your property could increase a lot. So make sure that your pool is well-maintained.