How Much Does a Pool Add to Home Value?
In general, a swimming pool can increase a home’s value by 2.5% to 10%, according to Bankrate. However, this figure can vary widely based on several factors, including the property’s location, the pool’s condition and style, and the characteristics of the surrounding neighborhood.
Factors That Affect the Value a Pool Adds:
- Location: Pools tend to add more value in warmer climates where outdoor living is year-round, such as in parts of California. For example, in Los Angeles, a pool can boost a home’s value by an estimated $95,000-$150,000 as per research conducted with local builders.
- Pool Condition and Style: A modern, well-maintained pool that complements the home and neighborhood generally can adds more value, depending on the neighborhood. Conversely, an outdated or poorly maintained pool may add little value—or even reduce it’s value.
- Neighborhood: In areas where pools are common, they are often expected and can significantly enhance property value. In neighborhoods where pools are rare, however, they might be viewed as less desirable.
- Size and Landscaping: Pools that dominate the entire yard can be less appealing to buyers who want outdoor living space. A well-sized pool with attractive landscaping tends to offer the best value boost.
- Above-ground vs. In-ground:
In-ground pools typically add far more value than above-ground pools, which are often seen as personal property with no value added.
Is a Pool Considered a Home Improvement?
Yes. A swimming pool is classified as a capital improvement because it is a permanent addition to the property. Like other outdoor improvements.
How Much Can a Pool Increase My Home’s Value?
A pool can have a value but that can only be determined by the use of a home appraisal. In Los Angeles County, homes with pools have seen value increases ranging from 2.5% to 10%. In other parts of California, the added value typically falls between 3% and 7%, according to a recent report from Berkshire Hathaway HomeServices California Properties.
How Much Does a Pool Increase Utility Costs?
Operating a pool can add about $50 per month to your electricity bill. However, depending on the type of pool pump and energy efficiency, climate and other factors the monthly costs can range anywhere from $10 to $300. If your pool’s energy expenses seem high, it may be worth investigating more efficient equipment options.
Is a Pool a Good Investment for Resale?
In sunny regions like Southern California, where backyard pools are the norm, having a pool can be a strong selling point. According to the Remodeling Impact Report from the National Association of Realtors (NAR), installing an in-ground pool typically offers a return on investment (ROI).
Keep in mind that actual value impacts can vary greatly, and an on-site appraisal would be necessary to determine exactly a pool market reaction within the neighborhood.
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