Does an in ground pool increase home value?

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.

How much value does an inground pool add to a house?

It won’t be easy since a swimming pool can actually make your home harder to sell. Many buyers consider it a liability rather than a luxury. Under the right circumstances, however, a pool could boost your home’s value by as much as 7%, Houselogic estimates.

Does a pool add value to a property?

A Swimart survey found 90 per cent of pool owners believed their pool boosted the value of their house by an average of $30,000; with estimates ranging between $10,000 and $100,000, depending on size, style and location. …

Is an in-ground pool worth it?

Real Estate Value Despite what you may have heard in the past, YES, an inground swimming pool does increase the value of your home. A few years ago, the National Association of Realtors stated that on average, an inground swimming pool will increase a home’s value by 4–6%.

How much does it cost to maintain a pool a year?

The average yearly cost of pool maintenance is $960 to $1,800 per year. Total pool upkeep costs run $3,000 to $5,000 per year, which includes maintenance, minor repairs, electricity, and water. Prices depend on the type of pool you have (fiberglass, concrete, or vinyl), and the size of your pool.

How does a swimming pool affect the value of a house?

For clients wanting to sell an upscale, luxurious home, a swimming pool is an expected amenity and not having one would decrease the value of the house. Some statistics say that pools, on average, add 7% to the value of the home, but I’m sure that average includes places where it actually subtracts value.”

Can a swimming pool make your home harder to sell?

How much does a pool cost to sell a house in Miami?

Depending on your price range, a pool can be an expected amenity. Ivory Cooks, a top-selling Miami agent, said in the Miami Herald in 2017 that 60% of homes that sold in the $1-2 million range in Miami Beach over the previous 12 months had pools. Of homes sold during the same time frame priced from $2 million to $3 million, 87% had pools.

How much does a pool add to your home?

Another analysis by the brokerage Redfin of 19 warm-weather markets found that a pool can add between $11,591 and $95,393 in value to your home. As is true of virtually any facet of real estate, location makes a big difference.

How does having a pool affect the value of a house?

The type of pool you have can also impact its value on your home. While an above-ground pool is the cheapest option starting at around $3000, it’s unlikely to add any value to your property. An in-ground concrete pool, while more expensive, is most likely to add value if it’s well-integrated into the design of the property.

How much does it cost to insure a pool in a house?

Having a pool on your property will increase your home’s liability, and that will probably raise your home insurance fees. Most policies cover pool-related incidents, but experts recommend increasing your liability from $100,000 to $500,000, which, according to HouseLogic, will cost about $30 more a year.

Who is most likely to buy a home with a pool?

High-end buyers are thought to be more likely to purchase a home with a pool than a starter or mid-range buyers, while middle-aged couples with kids will enjoy having a pool for their restless teenagers. Health- or outdoor enthusiasts might even like your pool for swimming laps, or just relaxing outside during the nice weather.