Does Adding a Pool Always Add Value To a Home?
If you’re considering adding a pool to your Houston home, one of the first questions you might have is how much value it will add to your property. Unfortunately, the answer isn’t straightforward, as many factors can affect the value a pool adds to a home.
The property’s location, pool type and features and a well-maintained pool can add significant value to a house in Houston, particularly in specific neighborhoods or price ranges.
First, the property’s location can significantly affect the value a pool adds to a home. For example, in Houston, homes in specific neighborhoods or areas with backyards big enough to accommodate an inground swimming pool may be more likely to have pools. Therefore potential buyers in those areas may seek homes with a swimming pool.
Pool Type and Features
Another factor that can affect the value a pool adds to a home is the type of pool and its features. For example, a large, luxurious, custom-built pool with a waterfall or other features will undoubtedly increase the value of a home in dollars, not always percentages, though, vs. a house with a much smaller pool and without all of the extras.
In addition, factoring in the overall backyard architectural style, decor, and landscaping will undoubtedly impact the pool’s value. Other features, such as a pool deck, outdoor kitchen and patio covers like pergolas, gazebos and pavillions, can add value to a home.
Is Adding a Pool a Good Investment?
It is important to note that while a pool can add value to a home, it’s not necessarily a guaranteed return on investment. In some cases, the cost of installing and maintaining a pool may be greater than the added value it provides.
Additionally, not all buyers may be interested in an inground swimming pool, particularly if they have safety concerns or don’t want to deal with the maintenance and upkeep of pool ownership.
Ultimately, the value a pool adds to a home will depend on various factors, including the location, the type of pool and its features, and what potential buyers are looking for.
If you want an inground swimming pool strictly for enjoyment, relaxation and or physical and do not care about how much value a pool in Houston brings, perfect. However, if the value matters, it is essential to weigh all the costs and benefits carefully and consider their impact on the property’s value.
Guidelines to Follow When Estimating The Value a Pool Will Bring to Your Houston Home
When estimating the value a pool may add to your Houston home, there are a few general guidelines to follow.
According to some estimates, a well-maintained pool can add anywhere from 5% to 15% to the value of a home, depending on the factors mentioned above. For a $300,000 home, for example, this could mean an added value of anywhere from $15,000 to $45,000.
A new report from the Home Brokerage Firm Redkin shows that a pool can add about 36,000 to the value of a median-priced home, approximately $16 more per square foot in Houston.
Of course, these estimates are just that – estimates. The actual value a pool adds to a home will depend on various factors, including the local real estate market and the needs of potential buyers.
It’s also important to remember that a pool’s value to a home is just one factor to consider when deciding whether to install one. You’ll also need to weigh the installation, maintenance, and upkeep costs that come with pool ownership.
Overall, when asking how much value does a pool add to a home in Houston, the answer is not straightforward, as many factors can affect the value a pool adds to a home. But according to Redfin, it is more likely to increase the value than not.
If you’re considering having a custom inground swimming pool built in the backyard of your Houston home, our Venture Pool Company is ready to assist you. Contact us here.