Crucial insights:
- Pools can enhance property value, but the impact varies based on location, climate, pool type, materials, and neighborhood norms.
- Installation costs for pools range from $50,000 to $100,000+, with annual maintenance averaging $1,200 to $1,800.
- Inground pools typically increase home value more than above-ground pools, which contribute little to no resale value.
- Permits and safety regulations, such as fencing and setback rules, are mandatory before commencing pool installation.
When contemplating home improvement projects to elevate your home’s value, the question of a pool’s impact arises: does a pool increase home value? It’s a nuanced query, but in essence, the answer is: it varies. Several factors like location, climate, pool type, materials, and neighborhood standards all influence the return on investment (ROI).
Whether you plan to install a swimming pool in your Fort Myers, FL or Las Vegas, NV residence, this Redfin article delves into the data on the value a pool can add—and whether it’s a worthwhile investment.
What is the impact of adding a pool to a home?
The value added by a pool can vary significantly. According to Curbio, the average return on investment (ROI) for a pool is approximately 7%. However, in locales like Los Angeles, this figure can soar substantially—up to $100,000 in added value. Conversely, in certain regions, a pool may contribute minimal to no value and could even be viewed negatively due to maintenance and ongoing costs.
While the answer may not be as straightforward as anticipated, we will outline the key points to assist you in determining if installing a pool aligns with your goals.
Primary factors impacting the value added by a pool
- Location and climate: Pools contribute more value in warmer regions where they can be utilized year-round. In colder climates, their value may be lower—or they might even be perceived as a drawback.
- Pool type and condition: In-ground pools generally hold more value than above-ground ones. A well-maintained pool enhances appeal, while a poorly maintained pool can diminish your home’s value.
- Materials and features: Premium finishes and extras like lighting, spas, or water features can heighten both value and buyer interest.
- Neighborhood expectations: If pools are customary in your vicinity, not having one could impact resale negatively. Conversely, in areas where pools are uncommon, a pool could restrict your potential buyer pool.
- Maintenance and costs: Pools come with ongoing expenses—cleaning, chemicals, utilities, and insurance—that some buyers may view as a drawback.
Where is installing a pool a wise investment?
As previously mentioned, installing a pool is more practical in warmer states like California, Florida, or Nevada. Not only do residents utilize their pools more, but the ROI tends to be higher as well. Conversely, in colder or wetter areas like Illinois or Oregon, a pool might not contribute much value. With this in mind, here are ten cities where a pool is more likely to yield returns for sellers.
10 U.S. cities where a pool elevates home value
|
Rank
|
City
|
% Value boost from a pool
|
|---|---|---|
|
1
|
Fort Myers, FL
|
20.4% |
|
2
|
Baton Rouge, LA
|
13.9% |
|
3
|
Jackson, MS
|
11.7%
|
| 4 |
Dayton, OH
|
11.6%
|
| 5 | Pittsburgh, PA | 11.5% |
| 6 | Wichita, KS | 11.0% |
| 7 | Kansas City, MO | 8.9% |
| 8 | Las Vegas, NV | 8.2% |
| 9 | Albuquerque, NM | 7.4% |
| 10 |
Knoxville, TN
|
7.3% |
Data source: domino.com