You might have heard that installing pools in your backyard can increase the market value of your home. With an astonishing view of glistening waters under the sun and propped against a beautiful yard, a pool indeed adds beauty to your home’s landscape. And this is not based on mere opinion, si
This is especially true with in-ground pools, which can add a hefty 15% to your home value. The percentage depends on the property itself and the size of the lot, plus the style and design of the pool. This figure is based on a study conducted by the National Association of Realtors.
The mentioned seven-year study included around 29,000 respondents from the states of Delaware, Maryland, New Jersey, and Pennsylvania, and aimed to investigate the characteristics of residential homes that influenced the rise and fall of their market values. It has been theorized before by real estate agents that pools are more of liabilities than assets when selling a home, but statistically speaking, the other way around now holds true. It is now considered wrong to think that pools are upsetting to possible home buyers, thanks to the study that was tested and proven.
As a result, more and more pool contractors have surfaced to help get the real estate industry back on its wheels. The aforementioned research was also proposed to the National Spa and Pool Institute Board in order to further encourage homeowners to have a pool installed in their respective homes.
The respondents might be only limited to a small number of areas, which means that the statistics shown was more of a hint than absolute truths. This is because pool regulations and values may change from state to state, which is why it is very important to check with your local pool regulations for more information. With this study revealed, a marketing opportunity for pools was formulated.
Similar studies were also done in the past in selected areas of New Jersey, Texas, Northeast and Midwest, where the results showed that home values actually increased by 8% on average. This result differs from the former study since each region has different views on pools set up at backyards.
Although the studies did not give distinction as to what type of pool increased a home’s value the most, it did not change the fact that in-ground pools can actually make a home pleasing to most home buyers. The study also revealed that aboveground pools had a smaller impact though compared to concrete, fiberglass, and vinyl pools.
With all the discussion regarding a pool’s added value to a home, it is a good time now to seriously consider installing one for you, your family, and your home itself. On the surface, pools may be just pools that can be used for whatever purpose the homeowner may desire, but the value of having one installed right in your home’s boundaries can be fully felt once your home is out on the market.
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