Imagine relaxing by your own pool on a warm day, drink in hand, and a book by your side while the kids enjoy their favorite pool floats. Adding a pool to your property can feel like the ultimate luxury, but does it enhance your home’s value, or could it complicate resale?
If you’re considering an in-ground pool, here’s what you need to know about its potential impact on your property’s worth.
Does a Pool Add Value to Your Home?
According to the National Association of REALTORS® Remodeling Impact Report: Outdoor Features for 2023, adding an in-ground pool offers an average 56% return on investment. However, it typically boosts a home’s value by only about 7%, depending on several factors:
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Neighborhood Norms: In upscale communities where pools are standard, not having one may make your home less desirable.
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Climate: In warm regions, pools are often essential, while in cooler climates, they’re seen as a seasonal perk.
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Pool Condition: A well-maintained, visually appealing pool with additional features like landscaping or a patio can add significant value. Conversely, a neglected or outdated pool can detract from your property.
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Yard Space: A pool can limit other outdoor activities if it takes up too much of your yard, reducing appeal for buyers looking for open spaces.
How Much Does a Pool Cost?
The price of adding a pool depends on its size, materials, and extras like lighting or heating.
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Installation: Building a standard 18×36-foot in-ground pool costs $25,000 to $100,000, with high-end pools running even higher.
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Safety Features: Many areas require fences or covers, adding $5,000 to $15,000 to the budget.
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Monthly Maintenance: Cleaning, testing, and seasonal prep can cost $80 to $150 per month.
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Energy Use: Running a pool pump costs about $300 annually, while heating can add another $500 to $800 per year.
Other Considerations
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Insurance and Liability: Pools can increase homeowners insurance premiums. Check with your provider to ensure adequate liability coverage and compliance with safety requirements.
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Property Taxes: A pool may increase your property taxes without a matching rise in resale value.
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Resale Challenges: While some buyers see a pool as a must-have, others may view it as a safety risk or high-maintenance expense.
Lifestyle Benefits of a Pool
For many homeowners, a pool offers more than monetary value—it enhances quality of life. According to the NAR Remodeling Impact Report, adding a pool gave homeowners a “joy score” of 10 out of 10. Over 90% of pool owners reported an increased sense of enjoyment and accomplishment after completing the project.
Adding a pool is a personal decision. If you have the budget, plan to stay long-term, and want a space for relaxation and family fun, a pool can be a worthwhile addition to your home. Just make sure to weigh the costs and benefits carefully before diving in!