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chilltocam
LIF Adult
Member since 11/11 9141 total posts
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Pool and home value
Does anyone know if putting in a pool increases the value of your home for re-sale purposes? And if so, by about how much compared to the cost of a pool? What about the difference between an inground pool and a semi-inground pool that is surrounded by a deck? I realilze a pool will increase taxes, too, but wondering mostly if there is a big difference between an inground or semi-inground.
Thanks!
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Posted 6/4/12 10:49 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
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Re: Pool and home value
No, assuming you are on Long Island, it won't increase your home's value.
Some buyers view it as a bit of a plus factor (but considering we live in an area where we can only use our pools maybe 1/3 of the year if that, they don't tack on a lot of value because a home has one).
But many buyers consider a pool a negative, because:
1. There may be safety concerns (if they have children);
2. There are liability concerns (tied to the safety concerns);
3. It's an expense to maintain a pool.
4. Lot sizes aren't that big, esp. in Nassau, so often a pool takes up precious space in the yard (most people want at least some grass/yard area).
It's a taste specific thing, so can cut down on your pool of buyers, which can make it harder to sell. But those who don't want the pool won't usually care about an above ground pool, since it can easily be taken down. An inground pool is a bigger and more costly project to undo.
But in terms of value, I would say a pool of any kind doesn't add or detract.
If you and your family would enjoy a pool, then go for it. But if the primary motivation is to increase the value of your home, then don't do it.
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| Posted 6/4/12 11:23 AM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: Pool and home value
Pools were a negative for me when looking. Pools were a big positive for DH.
Depends on the buyer!
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| Posted 6/4/12 11:24 AM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
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Kayla
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Re: Pool and home value
i think it depends on the buyer..for us we wouldn't look at homes that had in ground pools bc we would have had to fill it in
above ground we actually looked at 1 home, but asked if the owners would be willing to take responsibility for removing it before we even though about if we wanted to make an offer or not
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| Posted 6/4/12 11:31 AM |
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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Re: Pool and home value
Posted by Century 21 Dallow - Christine Braun
No, assuming you are on Long Island, it won't increase your home's value.
Some buyers view it as a bit of a plus factor (but considering we live in an area where we can only use our pools maybe 1/3 of the year if that, they don't tack on a lot of value because a home has one).
But many buyers consider a pool a negative, because:
1. There may be safety concerns (if they have children);
2. There are liability concerns (tied to the safety concerns);
3. It's an expense to maintain a pool.
4. Lot sizes aren't that big, esp. in Nassau, so often a pool takes up precious space in the yard (most people want at least some grass/yard area).
It's a taste specific thing, so can cut down on your pool of buyers, which can make it harder to sell. But those who don't want the pool won't usually care about an above ground pool, since it can easily be taken down. An inground pool is a bigger and more costly project to undo.
But in terms of value, I would say a pool of any kind doesn't add or detract.
If you and your family would enjoy a pool, then go for it. But if the primary motivation is to increase the value of your home, then don't do it.
Thanks. Yes, we would be doing it because it is something we would enjoy - just trying to decide if semi-inground would be a better way to go interms of resale down the road. (and we have a big enough yard that there would still be plenty of "green space" to use).
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| Posted 6/4/12 12:08 PM |
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Re: Pool and home value
Posted by chilltocam
Posted by Century 21 Dallow - Christine Braun
No, assuming you are on Long Island, it won't increase your home's value.
Some buyers view it as a bit of a plus factor (but considering we live in an area where we can only use our pools maybe 1/3 of the year if that, they don't tack on a lot of value because a home has one).
But many buyers consider a pool a negative, because:
1. There may be safety concerns (if they have children);
2. There are liability concerns (tied to the safety concerns);
3. It's an expense to maintain a pool.
4. Lot sizes aren't that big, esp. in Nassau, so often a pool takes up precious space in the yard (most people want at least some grass/yard area).
It's a taste specific thing, so can cut down on your pool of buyers, which can make it harder to sell. But those who don't want the pool won't usually care about an above ground pool, since it can easily be taken down. An inground pool is a bigger and more costly project to undo.
But in terms of value, I would say a pool of any kind doesn't add or detract.
If you and your family would enjoy a pool, then go for it. But if the primary motivation is to increase the value of your home, then don't do it.
Thanks. Yes, we would be doing it because it is something we would enjoy - just trying to decide if semi-inground would be a better way to go interms of resale down the road. (and we have a big enough yard that there would still be plenty of "green space" to use).
I would just go with your preference, because there would be no real difference in terms of resale value whether it is semi-inground or above ground.
Most people prefer the aesthetics of semi-inground, but as others have mentioned, above ground is more versatile because it's easily removed.
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| Posted 6/4/12 1:06 PM |
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cityandbeachmom
Vineyard hopping time
Member since 6/10 1821 total posts
Name:
Suffer the pain of discipline,
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Re: Pool and home value
Christine- do you think it adds value depending on what type of community you live. I would think that if a pool was placed in the yard of a community of second home owners, or a beach community then some value is to be gained. What do you think?
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| Posted 6/4/12 1:51 PM |
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Re: Pool and home value
Posted by cityandbeachmom
Christine- do you think it adds value depending on what type of community you live. I would think that if a pool was placed in the yard of a community of second home owners, or a beach community then some value is to be gained. What do you think?
Yes, I think that's true. I mean, if you own an estate in the Hamptons where large inground pools are the norm, then your house would definitely be worth more with a pool than without.
But generally speaking, for MOST areas on Long Island, I would say it adds very little to no value. Because again, it's not really a universally desired feature or something that most buyers are willing to pay more for in most areas of Long Island (again, excepting an area like the Hamptons). It's an "extra" - it may be a plus for some buyers (could make your home a bit more attractive than a comparable home without a pool), but a negative for others.
Also, keep in mind that most "improvements" to a home -- even if they are universally desired and add value, such as a renovated kitchen or a finished basement, don't increase value of your home anywhere near the cost of the renovation. And a lot of cosmetic improvements or "bells and whistles" that people add to their home to suit their taste and lifestyle can make it sell faster, perhaps, but won't necessarily increase value of the home (which is largely determined by the size of the home [square footage, number of rooms] and the size of the property).
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| Posted 6/4/12 2:26 PM |
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MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: Pool and home value
Posted by julz33
Pools were a negative for me when looking. Pools were a big positive for DH.
Depends on the buyer!
Ditto. I won that battle.
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| Posted 6/4/12 2:57 PM |
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