Do Pools Increase Your Property Value?

If you’ve ever wondered whether adding a swimming pool to your home is a good investment, you’re not alone. Homeowners across the country, especially in warmer climates, often wonder, does a pool increase home value?

Having a pool at your home might be a big selling point for some buyers, but maybe not for others. So, let’s dive in and see if a pool truly adds value to your property.

fiberglass inground pool with marsh in background

The Appeal of a Pool

First off, let’s chat about why people love pools. I am a HUGE pool fan. It gets so dang hot down here in South Georgia that I’ve been spoiled with having a pool. It makes a huge difference in enjoying the outdoors all summer.

A backyard pool is an awesome way to boost your quality of life, especially during those scorching hot summers. Whether it’s an in-ground pool or an above-ground pool, having your own spot to cool off, exercise, or entertain is a huge perk.

For families with school-age kids, a pool is a magnet for fun and outdoor activities. And let’s not forget the joy score – the pure happiness and relaxation a pool brings is hard to beat.

pool with fountains

Types of Pools and Their Costs

There are all sorts of pools to think about: in-ground pools, above-ground pools, fiberglass pools, vinyl liners, and concrete pools. Each one has its own price and perks. For example, the cost of installing an in-ground pool can vary a lot depending on the size and type you go for.

Vinyl pools are more affordable than fiberglass and concrete tends to be the most costly. We have had two vinyl pools installed in previous homes and our current home had a fiberglass pool installed when we bought the house.

Above-ground pools are usually cheaper but might not boost your home’s value as much. We had an above ground pool briefly at our red door home in North Carolina before installing our vinyl inground pool.

But a well-kept in-ground pool can be a big selling point, especially in high-end neighborhoods or warmer places like here in Georgia, or Southern California, Texas, Florida, etc.

Does a Pool Increase Home Value?

According to the National Association of Realtors, a pool can bump up your home’s value, but it depends on a bunch of things. The local real estate market, the pool’s condition, and even its style matter. In hot places like Georgia and Florida, pools are super desirable and can really boost your property value.

But, if the pool is in bad shape or you’re in a colder climate, it might not be worth as much. In fact, a pool in poor condition could actually lower your home’s resale value.

The Costs of Owning a Pool

While a pool can boost your home’s value, it also comes with a financial burden. Installing a pool isn’t cheap, and the maintenance costs can pile up over time.

If you install the pool, you’ll have the upfront costs of installation. Then you’ll have to cover utility costs like running the filtration pump and electric heat pumps, plus the price of pool chemicals, water features, and safety stuff like a diving board or swing set. The ongoing maintenance costs can add up to a lot of extra costs. 

On top of that, homeowners insurance premiums can be higher because of the increased liability coverage. And remember, some buyers might be turned off by the extra cost and effort needed to maintain a pool or safety concerns with younger children.

HGTV Dream Home pool
pool

The Right Buyer

For the right buyer, a pool can be a major selling point. Real estate agents often highlight pools as a key feature in listings, particularly in warm climate areas. A new pool can make your home stand out in a competitive market, attracting buyers who see it as a great addition to their lifestyle.

In higher-end neighborhoods, a pool can be almost expected, and not having one might be a drawback. In these areas, a well-maintained pool can be a sign of luxury and significantly boost the value of your home.

Bottom Line

At the end of the day, whether a pool increases your home’s value depends on several factors, including location, pool type, and condition. While a pool can add significant value and appeal to your property, it’s important to weigh the costs and benefits carefully. 

If you’re in a warm climate and plan to enjoy your pool for a long time, it could be a worthwhile home improvement project that enhances your quality of life and adds value to your home.

But if you’re considering a pool purely for resale purposes, it’s best to consult with real estate experts and look at recent reports in your local real estate market to make an informed decision.

Adding a pool is a big investment, but for many, it’s a splash worth making. Whether it’s the joy of having your own swimming season or the potential increase in your home’s value, a pool can be a fantastic addition to your home.

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