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Does a Swimming Pool Add Value to Your Home?

Does a Swimming Pool Add Value to Your Home?

Posted by Dunn Rite on Jul 24th 2020

No matter what part of the country you live in, you probably know what it is like to experience the sweltering heat of the summer. Instead of making the trek to the neighborhood pool (if your neighborhood has one), wouldn’t you like to just step outside and enjoy the crystal-clear waters of your own swimming pool? You won’t need to pack up the towels. You can change in the comfort of your home without having to sit in your suit on the drive to the pool (or change in the locker room). That is the beauty of having a swimming pool at your own home; however, how will this impact the value of your home? While having a home swimming pool is a luxury, this doesn’t necessarily mean it will provide you with a more valuable home. There are a few points to keep in mind.

Swimming Pool Overhead Costs

If you are thinking about installing or building a swimming pool, you need to think about the overhead costs. First, there is a major difference between having an above-ground pool and having one that is physically in the ground of your property. Having an above-ground pool is far cheaper. It is usually just a circular layer of plastic that you drag out to your backyard. As a result, it can also be moved easily. It doesn’t have much of an impact on the value of your home; however, if your homeowner’s insurance company finds out about it, they may raise your homeowner’s insurance premiums due to the added risk of an insurance claim stemming from the pool.

In contrast, the more important option is the pool that is actually built in the ground of your property. The average cost to install, equip, and fill a concrete pool that is around 600 square feet is around $30,000, depending on where you live. In addition, you will also need to enclose the pool with a fence on four sides as well as a gate that closes automatically. This is to prevent children from stumbling into the pool and drowning accidentally. It is required by law in most states.

Swimming Pool Maintenance Costs 

A home pool is a beautiful amenity. It looks fantastic, is a great place to host a party, provides a safe form of exercise, and is priceless during the summer. On the other hand, the maintenance costs are not priceless.

The maintenance is the reason why there is a possibility that having a pool in your home might not increase your property value. Some potential buyers simply do not want to take care of a pool. Some of the ongoing costs include the pool heater (if you have one), winterizing and opening the pool, the chemicals you need to keep it safe, and cleaning costs. Don’t forget that having a pool could also raise your home insurance premiums.

Swimming Pool Impact on Home Value

Now, let’s take a closer look at how a swimming pool is going to impact the value of your home. When you take a look at the issues above, it is clear why some people might hesitate to purchase a home with a pool. This decreases your buyer pool.

At the same time, all you need is one good offer. Under the right conditions, having a home swimming pool might increase your home value by as much as five percent. In order for a pool to raise the value of your home, you should:

  • Live in an area of the country with warm weather
  • Still have room for other backyard amenities, such as a swing set
  • Live in an area of the community where people can afford it

In the right situation, a swimming pool can significantly raise the value of your home.

Invest in the Right Swimming Pool Accessories

If you have a home swimming pool, you need to get the most out of it. That is where Dunn Rite Pool Products can help. With  pool basketballpool volleyball, and other pool accessories, you can enjoy everything that your swimming pool has to offer. Take a look at our selection today and see how you can get everything you can out of your pool!

Dunn-Rite Pool Products & Pool Accessories

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