Swimming is one of the top five most popular pastimes in the US. Since the start of the pandemic, home pool installations have been steadily increasing. Not only are they enjoyable, but pools can also have a positive impact on the value of your home. Adding a pool to your yard can increase the value of the property by up to 7% under the right circumstances.
How much value a pool will add to your home is dependent on a few factors. The main factors include the type of pool, how it is maintained, the location of your home, and how much room it takes up in the yard.
The two most common pool types are inground and above-ground. Inground pools have a lot more of an impact on the value of a home than above-ground.
An inground pool is a permanent fixture built directly into the ground. They add home value due to their longevity. If properly maintained, an inground pool can last for as long as 50 years, as opposed to around 15 years for its above-ground alternative.
Inground pools with luxury features, such as a waterfall, are likely to increase the value even further because they are so unique.
Above-ground pools are smaller, more temporary additions to a yard for seasonal entertainment. They do not add as much value to a home as inground. In colder climates, they might actually decrease the value of the home because they are deemed unnecessary. In addition, they are not permitted in certain homeowners associations.
You must properly maintain your pool to keep its value up. Dirty pools can be seen as a liability because algae growth can lead to health problems, and can lower your home value. A few ways to prevent this are putting on a cover while it’s not in use, cleaning the filter system regularly, and winterizing it during colder months.
Both the region you live in and your neighborhood can impact how valuable adding a pool will be. Pools in states with a warmer climate are significantly more desirable because they can be used almost year-round, as opposed to only six months out of the year. This makes Arizona a great candidate.
In addition, your neighbors can have an effect on your home value. If residents living near you have a pool and you don’t, it can decrease your home value. It might also cause prospective buyers to pass on your home for one with a pool. Installing a pool in a neighborhood where they are common will make your home more comparable to those surrounding you.
The size of the pool is another factor. A pool that doesn’t take up the entire yard space is more desirable for most potential buyers, especially if they have children.
While it isn’t exactly tangible, pools can also add value to your home just by using them. They are a great pastime for kids and grandkids, can help reduce screen time, and are a relaxing space for the whole family. Spending quality time together can often be more valuable to families than tangible values.
If you want to increase the value of your home by installing an inground pool, take the first step with Pools by Design. We can design and construct a custom pool to transform your backyard into a relaxing oasis.