Does an Inground Pool Add Value to Your Home?
The short answer to the question “does an in ground pool add value to your home?” is YES!
A well-maintained, stylish inground swimming pool that compliments the property always increases the sale price of a home. But, there are contributing factors to how much value a backyard pool actually brings.
So, should you install an inground pool just to increase the sale price? Absolutely not!
๏ปฟRead on to learn the determining factors in how an inground pool can be worth the investment and what to consider when establishing your asking prices for houses in Milton.
How Can An Inground Pool Add Value To Your Home?
There are a variety of factors that affect the value of having an inground pool:
- Maintenance Costs: Having an in ground pool in your backyard comes with increased liability and maintenance costs. Winterizing your pool to increase its lifespan, using various chemicals to prevent algae growth, or adding a pool heater, all add to the cost of maintenance, which is definitely a factor that can affect the overall value.
- Quality: Building a pool with quality materials extends the life of your pool, however there is an additional cost associated with using higher quality building materials.
- Safety features: Having proper fencing at least four feet high with locking gates keeps the area safe and maintains compliance with city by-laws. You may also be thinking of installing a pool deck or buying a pool cover?
- Consider your location: Do comparable homes in the neighbourhood have pools? Are your summers hot and humid? Is your neighbourhood a hotspot for younger families with school-age children?
Is Building a Pool Worth The Investment?
If you and your family regularly make use of the pool and get plenty of enjoyment from it, then yes, it’s worth the investment. Aside from family fun, it increases the sale price when it comes time to sell your home.
But installing an inground pool solely as an upgrade to get a higher price for your house isn’t a smart financial move. The increase in your listing price will be less than what you invested, so put your money into other upgrades with a better return on investment.
Speak With a Real Estate Expert to Determine the Value of Your Home in Milton
It’s always a good idea to pre-determine the value of your house in Milton before you start adding costly upgrades.
You can look at similar homes with comparable features in your area, but getting an appraisal from a trusted realtor is a better and more accurate way to put a value on your home.
๏ปฟFlowers Team Real Estate offers free home evaluations, bringing our extensive knowledge of the Milton real estate market to you, so nothing is left to chance.
A smooth, seamless real estate experience begins with Flowers Team Real Estate.
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