If you’re considering installing a swimming pool in your backyard, you’re likely wondering how much of the cost you’ll get back when you sell your home. This can be a vital point when deciding whether to go through with the installation. So, if you’re looking for a straight answer on whether a pool will increase your home value, brace yourself, because it’s not as simple as you think.
The simplest answer is “maybe,” so it’s time to get into the details of what influences the final outcome for this question.
The first factor that will decide whether or not a pool increases your home value is the neighborhood you live in. If you live in a higher-end neighborhood where many of your neighbors already having swimming pools, then a pool is likely a wise choice for your home value.
Your Pool and Yard Size
If you want the pool to improve your home value, then you need to ensure that it is an appropriate size for your yard. You should make sure that you leave enough yard space for a garden and a playground. Installing a pool that overwhelms the yard can drive off buyers instead of attracting them.
Obviously, climate is important when deciding whether or not to install a pool. If you live in Montana, it’s probably not going to help your home value very much. Pools in Atlanta, however, are much more likely to benefit you and help you to recoup some of the costs.
The Right Buyer
Attracting the right buyer when you sell your home is one of the most important factors in determining whether your new pool will increase your home’s value. That’s because some people will consider a pool more of a liability and a chore than a luxury. But if you get the right buyer, as well as considering the factors above, a pool can increase your home’s value by as much as 7%.
While an increase in your home value is a nice perk to a pool, it shouldn’t be your primary motivation when choosing whether to install a pool. More than anything, you should view it as an investment in your lifestyle. If a pool is something that you and your family will thoroughly enjoy, then it is well worth the investment, regardless of whether it will increase your home’s value.
So, if you’re looking into swimming pools in Atlanta, consider these factors before making your decision, but don’t make it the final, deciding factor.