Hot summer days here in Georgia have all of us wishing and dreaming of a home with a swimming pool. Before diving into this big investment, there are a few factors you may want to consider. This includes the yearly maintenance cost and whether or not this adds value to your home.
The big question we tend to run into as Realtors, is how much a pool adds value to your home over other comparable homes? Unfortunately, this is a tough question to answer. Pools can range from $20,000-50,000 plus to install. At the end of the day, the appraiser is the one who decides on this value. You may have put in a $20,000 pool and another $20,000 in hardscape/landscape and an appraiser may add $10,000 in value to your home. This can be a shock to homeowners.
Some may argue that adding a pool decreases the value of your home. If you do not maintain this pool, it can be a big expense to you. If you installed it 20 years ago, you may spend just as much in updating the pool prior to selling home then it cost to install. Some buyers are not attracted to homes with pools because of maintenance and safety issues. If the backyard has no green space at all, this can be a turn off for buyers as well.
It is hard to put a price tag on the enjoyment and quality of life a pool may add to your life. If you rather avoid paying the upfront cost to install a brand new pool and buy a resale home with a pool already in place, please contact The Peters Company and we can start a home search that can narrow this down for you.
Written by Amy Wade