Does An Inground Pool Increase Property Value

You live in a higher end neighborhood where most of your neighbors have pools.

Does an inground pool increase property value.

Doing the math real estate experts estimate that an average 14x28 foot inground concrete pool potentially adds 5 to 8 percent to the real estate value of your home. Under the right circumstances however a pool could boost your home s value by as much as 7 houselogic estimates. In los angeles homes with pools sell for an estimated 95 393 more than comparable homes without them making it the metro where pools are most valuable. Let s start by getting down the basics.

However in areas like michigan or northern states they may have less desirability and the pool could appraise for less than the install price. Most policies cover pool related incidents but experts recommend. A few years ago the national association of realtors stated that on average an inground swimming pool will increase a home s value by 4 6. Here are the conditions.

For some geographic areas like southern florida or california a swimming pool can certainly increase appeal and value. Having a pool on your property will increase your home s liability and that will probably raise your home insurance fees. It mostly depends on your neighborhood and the current market conditions at the time of the appraisal to determine if your a pool will add more or less value than the cost to install. One houselogic study suggests an increase of 7 percent at most under ideal conditions while hgtv reports that the average inground pool can up your property s value by 5 to 8 percent.

While an in ground pool is much more expensive and timely to install this permanent investment is the only real way to add any sort of swimmy value to your home. Therefore on a 500 000 home one could expect to get 20 30k in additional home value with a pool purchase.