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It’s officially summer, and that got me to thinking about one of the most common

questions I get… Does a swimming pool add value to a home?

In other words, If you sell your home, will the selling price cover most or all of the

pool’s costs, or will you take a hit on your investment? Numerous components impact the worth that a pool has on your property. For instance…

• In the event that you live in an area where a significant number of your

neighbors have pools, your investment is probably solid. In fact, in those

circumstances not having a pool might decrease your home’s marketability.

• (Insert an example given the climate you live in) Example: In warm climates,

such as Arizona or Florida, a pool can be an attractive feature for potential

buyers. If you live in a cold area, it may detract a buyer in some cases.

But let’s talk numbers …

Most real estate experts estimate that an average 14×28-foot in-ground concrete

pool potentially adds 5 to 8 percent to the real estate value of your home.

So if your property is worth $400,000, you have the potential to increase your home’s

value by $20,000 to $32,000. (insert an example from the primary price range you

work) In most areas, the average cost of installing a 14×28-foot in-ground concrete pool is

about $50,000, which means you’ll only recoup a portion of your original pool

Investment.

Of course, if you and your family will get a lot of use and enjoyment from your pool,

there is the intangible value that goes with that, and recouping your investment may

be a moot point.

Because can you really put a price on summertime fun and smiles?

If you are thinking of adding a pool and would like some expert advice based on your

specific home, give me a shout. I’m here to serve.

Let’s Talk

You’ve got questions and we can’t wait to answer them.

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