Does A Pool Add Value To Your Home – Trying to determine the likelihood of return on investment after building a pool for your Florida home? This question is asked a lot, and more often than not I believe that the answer depends on several key factors.
You are obviously researching information about building a pool for your home and you have landed on a real estate website in Jacksonville, Florida, so we are a little biased towards the value of a home with a pool in Florida. I personally don’t believe the impact of pools is as great in more northern/temperate climate states like Tennessee, North Carolina, etc. Florida, on the other hand, is a place for pool use that lasts almost a year.
Does A Pool Add Value To Your Home
Even here in Northeast Florida, our pools are never winterized. Our private swimming pool is open all year round – and therefore remains very clean and beautiful. From mid-October through February, our pool is largely unused, although there are occasional “polar” plunges from some brave neighborhood kids. Although not used in these months, it is still the main focal point for entertainment.
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Can we use our pool during the winter months in Jacksonville Florida? Sure, but we would need a pool heater to make it comfortable. More likely than using the entire pool would be to use the hot tub/spa section of your pool. (Be sure to add this to a new build or retrofit).
On a scale of 0 to 10, a normal, no-frills above-ground pool lands around a “0” for adding value to your home, and I might even go as far as to say it would negatively impact your home’s value. Sure – it’s probably still nice to have, but at the end of the day we look at the added value and it’s our opinion that above ground pools don’t add any significant value.
A standard inground pool with basic amenities and basic features such as a concrete pool deck, low/medium quality finishes will still add value to your home. An appraiser might give it $20,000 or more, but the installation will cost you more than that. The good thing about this modern pool: You can always make upgrades in the future. You can change the pool floors, you can improve the landscaping, you can refinish with better materials. Do not despise the modern pool – you will have a good “base” to work with.
When you move up from the standard “production quality” pool, you enter higher quality pools with higher quality amenities such as water features, sun decks and higher quality finishes such as brick pavers and better pool finishes. This modern pool is probably the most sought after yet. They are usually in the $50k to $80k range and I’ve never met anyone who wasn’t surprised by the cost of building these pools. Will it add value? Of course! That’s what most home buyers think of when they say, “I want a house with a pool.”
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At the top of the market is the more specialized/custom pool. This is almost certainly in the $100,000 price range to build and may include features such as zero curbs, swim bars, large or extra deep than normal pools, premium components, premium materials such as travertine, quartz or gravel and of course the landscaping. The top level pool is usually fully integrated into the yard and with landscaping and landscaping. These are your “Tropical Oasis” settings and are usually at your top of the market price range.
For the price, does your prospective home buyer expect your home to have a pool? In some neighborhoods, pools are more prevalent than others, such as golf communities, waterfront homes or upscale communities or some gated communities in Jacksonville. I have customers say “at this price, the house should have a pool”.
On the other hand, a home with a pool in a mostly non-pool neighborhood (like new construction) will absolutely increase the value of your home here in Florida. We’re starting to see this more often in the post-pandemic days as people stay in their homes longer and do more upgrades.
When we show potential buyers a home that has a pool and has a great landscaping package installed, it makes a world of difference. The pool can be even a simple pool, but quality landscaping can really bring the yard to life!
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Don’t skimp on landscaping – even if you need to install a pool first and then save/recoup some of those savings before you start landscaping. I would strongly recommend that you work with a landscape architect to create a complete plan including irrigation and lighting layout. You will not only increase the overall enjoyment of your daily life in your Florida home, but you will also significantly increase its value.
Homebuyers almost always start their search by looking for a home with a pool. It will often start with “Jacksonville Pool Homes For Sale”. They may quickly realize that they cannot afford the premium that pool houses are trading in, but they would definitely prefer a pool house. This alone should help you make the decision to install a pool in your home!
We have found that not only local residents, but relocating homebuyers want a home with a pool. Something about Florida, it just makes sense to have a nice pool and enjoy using it almost all year round. The home buyer for the move knows it will be hot and they want the full Florida experience if they move to Jacksonville Florida.
Will you enjoy the pool? Do you want a pool? Life is short – get a pool and start enjoying life in Florida!
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New $1,650,000 801 15th Avenue S, Jacksonville Beach 4 Beds 3 Baths 2,744 SqFt Residential MLS® # 2020978 New $525,000 3655 Casitas Drive, Jacksonville 3 Beds 3 Baths 2,72 Sq 000 3655 Casitas Drive, Jacksonville 3 Beds 3 Baths 2,744 SqFt Residential MLS® # 2020978 New $525,000 3655 Casitas Drive, Jacksonville 3 Beds 3 Baths 2092 $3,750,000 46 Seaway, Ponte Vedra Beach 4 Bedra Beach 4 Bedra Beach ® 3B 1,050,000 122 Constitution , Ponte Vedra 4 Beds 3 Baths s 2,729 SQFT Residential MLS® # 2020840
Facebook Share this post on Facebook Twitter Tweet this post on Twitter Email Submit a link to this post via email Response: While a pool can be attractive, its value varies. In some areas it can increase the value of the home, but in others, the maintenance costs can exceed the value it adds.
In a competitive and diverse real estate market, homeowners and potential buyers often think about the aspects that contribute to the value of a property. One common consideration is whether a pool can significantly affect the value of a home. While a sparkling backyard oasis may seem like an undeniable advantage, the reality is multifaceted. This article explores the different dimensions of how a pool can affect the value of your home, focusing on practicality, financial implications and market dynamics.
Owning a pool has its share of costs and benefits. On the one hand, it offers a private space for entertainment and a potential attraction for customers. On the other hand, it requires regular maintenance, insurance and occasional repairs. The initial investment in installing a pool can vary, depending on the size, type and features. However, it is critical to weigh this cost against the potential long-term returns, especially when considering selling the property. [1]
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In assessing the financial implications, homeowners should consider ongoing costs. Regular maintenance is necessary to keep the pool in optimal condition, prevent algae growth and ensure that the water is safe for swimming. These maintenance tasks, along with the required chemicals and equipment, contribute to the total cost of pool ownership.
Additionally, potential buyers often consider the increased insurance premiums associated with owning a pool. While pools may be considered attractive features, they also pose safety risks, leading to increased insurance costs. It is important for homeowners to consider these additional costs when evaluating the overall value a pool adds to their property.
Please visit this page to find out what your property is worth. Market dynamics and customer attraction
Understanding market dynamics is vital to evaluating how a pool can add value to a home. In areas where the climate is suitable for outdoor activities for extended periods, swimming pools can be a significant attraction. They offer a private escape, a focal point for social gatherings and a convenient way to stay active and healthy.
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However, the appeal of a pool can be subjective, varying from customer to customer. Some may consider it a luxury that adds to the overall appeal of a property, while others may see it as a burden due to the associated maintenance and security concerns. Therefore, the impact of the fund on the value of the house can be very dependent on market demand and buyer preferences at the time of sale.
In order to navigate the market dynamics, homeowners can stay informed about the latest trends and customer preferences. By doing this, they can better assess whether the pool is a valuable asset or a potential obstacle in theirs
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