Reviewed by: Brandon Brown

The chatter of splashing water and the glittering surface under the sun—a pool in your backyard can be a treasure trove of fond memories. However, when it’s time to sell, does a pool add value to your home? On average, a swimming pool may increase the value of your home by 7%, but this can hinge on a variety of factors, such as the potential buyer’s perspective, the condition of the pool at the time of selling, and the local climate.¹ With these complexities in mind, join FlipSplit—your trusted guide in navigating the real estate market—on a deep dive into this common real estate question.

Curb Appeal, First Impressions, and the Magnetic Charm of Outdoor Living

Imagine this: A potential buyer steps into your backyard and is instantly greeted by the sight of sun-dappled water in an in-ground pool, or maybe the cozy allure of a snug hot tub nestled amidst a well-designed outdoor space. The scene is set for making a lasting first impression.

Having a pool or hot tub isn’t just about adding a splash of luxury to your property; it’s a way to improve curb appeal. It’s an invitation for buyers to envision themselves unwinding on warm summer afternoons or hosting lively poolside get-togethers, transforming your home into a haven of relaxation and entertainment.

The beauty of a pool goes beyond mere aesthetics. In regions graced with warmer climates, swimming isn’t just a summer pastime—it’s a year-round possibility. As such, having an outdoor space centered around a pool can be a significant asset. Many of today’s homebuyers aren’t just looking for a house; they’re seeking a complete lifestyle experience. A pool, combined with a thoughtfully designed outdoor living area, can be the cherry on top that sets your property apart.

However, the question remains: Does a pool increase home value universally? While the answer might vary based on specific localities and buyer preferences, there’s no denying the unmatched allure that outdoor living spaces with pools bring to the table. It’s a blend of charm, function, and the promise of memories waiting to be made.

Calculating Cost vs. Value: The Deep Dive into Pool Economics

Embarking on the journey of adding a pool to your backyard oasis is undeniably exciting, from the thought of future family pool parties to serene evening dips to weekends spent sunbathing. However, alongside the dreamy visuals, it’s essential to ground our decisions in financial realities.

Installing an in-ground pool represents a significant investment. Beyond the initial outlay, there are ongoing expenses to consider, from routine maintenance to the occasional unexpected repair. On average, monthly pool maintenance hovers around $180. This covers tasks such as balancing water chemistry, cleaning, and ensuring equipment is in tip-top shape. However, unforeseen issues can crop up. For instance, addressing a leak—a seemingly innocuous problem—can quickly escalate, with costs potentially exceeding $3,500.²

This brings us to the pressing question on many homeowners’ minds: “How much does a pool add to home value?” It’s a valid query and one that doesn’t have a one-size-fits-all answer. Generally speaking, a well-maintained pool can indeed boost your property’s appeal and, by extension, its market value. But it’s also true that you may not fully recoup the combined costs of installation and ongoing care.

So, how do you navigate this?

1. Local Market Research: Understand your neighborhood’s dynamics. In some locales, especially those with warmer climates, a pool might be a sought-after amenity, substantially boosting property value.

2. Future Planning: If you intend to stay in your home for several years, the enjoyment and memories a pool brings can outweigh the initial costs, adding intangible value to your life.

3. Consultation: Speak with real estate professionals familiar with your area. They can provide insights into how much value a pool might add, helping you make an informed decision.

At the end of the day, while the financial aspects are undeniably important, the decision to add a pool should also resonate with your lifestyle goals and personal preferences. With the right information and a touch of guidance from FlipSplit, you can make a choice that brings joy today and value tomorrow.

Neighborhood and Market Factors: How Your Pool Fits into the Bigger Picture

Every neighborhood has its own unique charm and character, and this is reflected in the features and amenities of the homes within it. When considering a pool addition, or gauging its value during a resale, it’s essential to understand the dynamics of your specific locale.

• Pools as the Norm: In some neighborhoods, shimmering blue pools might be as common as manicured lawns or picket fences. Here, a pool could almost be seen as an expected feature. If most homes around you boast backyard pools, lacking one might put you at a disadvantage, potentially diminishing your home’s comparative value. In these areas, having a pool is less about standing out and more about keeping pace with market expectations.

• The Distinctive Pool Advantage: On the flip side, in areas where pools are a rarity, installing one can elevate your property to a unique status. Here, your pool isn’t just a luxury; it’s a distinctive feature setting your home apart from the rest. Potential buyers touring the neighborhood might be drawn to the exclusivity your pool offers, potentially boosting both the appeal and the price tag of your home.

• Climate Considerations: Beyond just neighborhood aesthetics, consider the practicality. In warmer regions where the sun blazes for a good part of the year, pools might be more than a luxury—they could be a necessity. Conversely, in cooler climates with shorter summers, the utility of a pool might be limited, influencing buyer perceptions.

• Seek Local Insights: Engage with local real estate agents or even neighbors. They can offer invaluable insights into buyer preferences in your area, helping you gauge how a pool might influence your property’s market position.

So, while personal enjoyment is a significant factor in the decision to add or maintain a pool, it’s crucial to balance this with an understanding of neighborhood and market dynamics. With a keen sense of the local landscape and some strategic insights, you can ensure your pool not only adds value to your life but also to your home’s worth.

Home Appraisals and Pool Considerations: Diving into the Details

Navigating the world of home appraisals can sometimes feel like taking a plunge into deep waters. When pools come into the picture, the valuation landscape becomes even more nuanced. The type of pool you have, its material, and its perceived permanence can greatly influence appraisal outcomes.

Understanding Different Pool Types

Just as homes come in various styles and structures, pools, too, have their own categories:

1. Fiberglass Pools: These are known for their resilience and low maintenance. With a smooth surface that inhibits algae growth and a relatively quick installation process, fiberglass pools are seen as a solid investment. Their longevity and ease of maintenance can positively influence home appraisals.

2. Concrete Pools: Often celebrated for their customizability, concrete pools allow homeowners to choose unique shapes and designs. They can be a testament to personal aesthetics and luxury, which might boost appraisal values. However, it’s worth noting that they can demand more maintenance compared to fiberglass pools.

3. Above-Ground Pools: These pools are typically more budget-friendly and can be set up relatively quickly. While they provide a fun and functional space for relaxation, they’re often viewed as less permanent and might not significantly elevate property value. Their transient nature—the fact that they can be disassembled and moved—can sometimes lead appraisers to see them as less of a fixed asset.

The Value of Permanence

In the world of real estate, permanence often translates to value. An inground pool, with its fixed position and structural integration with the property, tends to be seen as adding more lasting value. In contrast, above-ground pools might not garner the same esteem due to their temporary nature. This distinction is crucial when understanding potential valuation boosts during home appraisals.

Aesthetics Matter

Beyond type and structure, the overall aesthetic and condition of the pool play a role. A well-maintained, visually appealing pool area—regardless of its type—can influence appraisers positively, reflecting homeowner care and commitment. In wrapping up, while a pool can undoubtedly be a valuable asset, its true impact on home valuation is shaped by various factors, from its type and material to its overall appearance and condition.

The Power of Premier Features in Home Marketing

Certain home features act as powerful magnets, drawing the attention and admiration of potential buyers. Just think about solar panels. Whenever homeowners ask, “Do solar panels increase home value?” the answer usually echoes a definitive, “Yes!” These panels, symbolizing both cutting-edge technology and a steadfast commitment to environmental responsibility, are akin to other enhancements that substantially boost a property’s desirability.

Now, let’s take a look at another standout feature: the backyard pool. Much like the instant allure of brand-new appliances (and if you’re questioning, “Do new appliances increase home value?”, the waters are slightly murkier there), a pool can serve as a captivating centerpiece of a property. But how do you leverage its charm effectively in your marketing strategy? We’re glad you asked.

• Highlight Its Multifunctionality: A pool isn’t just a place to take a dip; it’s a versatile space. Emphasize its potential as an entertainment hotspot for summer BBQs, a tranquil oasis for afternoon relaxation, or even a fitness zone for morning laps.

• Showcase Aesthetic Appeal: Invest in professional photography to capture your pool in the best light, making sure to include shots during different times of the day. This will give prospective buyers a glimpse into the various moods and experiences the pool can offer.

• Eco-Friendly and Health Benefits: Just as solar panels resonate due to their sustainable nature, pools, too, offer health benefits. Discuss how swimming is a full-body workout or how having immediate access to a pool can encourage a healthier lifestyle.

• Speak to Value Addition: While the primary appeal of a pool is experiential, it’s essential to touch upon its potential value addition. Whether drawing parallels with other premium features, like solar panels or new appliances, make sure buyers understand the tangible and intangible value a pool brings.

When preparing to market your property, remember that your pool isn’t just an added feature—it’s a lifestyle enhancer. With the right marketing strategies, you can ensure it sparkles in the spotlight, beckoning prospective buyers towards your home.

Addressing Buyer Concerns and Questions

While there are many advantages to selling a home with a pool, it’s essential to anticipate and address buyer concerns and questions to create a transparent and trusting dynamic. Pool maintenance and its associated costs are likely potential buyers’ greatest apprehensions. With that in mind, provide clear, concise information about the upkeep of the pool, from regular cleaning to potential repairs.

• Pool Maintenance: Offer insights into the day-to-day care a pool requires, including cleaning, chemical balancing, and equipment checks. Provide a realistic cost estimate for routine pool maintenance, ensuring potential buyers have a comprehensive understanding of the responsibilities that come with pool ownership.

• Long-Term Costs: Discuss the long-term costs involved, such as occasional resurfacing or equipment replacements. Offer resources or references for reliable pool service companies that can assist in keeping the pool in top condition.

• Seasonal Care: Explain the seasonal care needs of a pool, such as winterization processes in colder climates or regular upkeep in warmer regions. Provide practical tips for off-season pool care to help prospective buyers maintain the pool efficiently year-round.

• Insurance and Liability: Address concerns regarding insurance and liability, offering insights into the necessary coverage for a home with a pool. Clarify the safety standards and precautions that can help mitigate risks and ensure a safe, enjoyable pool environment.

• Enhanced Value: Highlight the added value a well-maintained pool brings to the property. Show how a pool can be a worthwhile investment that enhances not only the property value but also the quality of life, offering endless opportunities for relaxation, entertainment, and fitness.

• Answer Specific Questions: Be prepared to answer specific questions buyers may have, from the type of pool (inground, above ground, fiberglass, concrete, saltwater, etc.) to its age, size, and features. Provide all necessary documentation, including the pool’s construction, maintenance records, and any warranties, to assure buyers of the pool’s condition and value.

By comprehensively addressing these concerns and questions, you support potential buyers in making an informed, confident decision about purchasing a home with a pool.

Selling to an iBuyer: Pool’s Impact on the Instant Offer

For iBuyers like FlipSplit, a pool may influence instant offers. Detailing your pool’s features, condition, and benefits in the listing can help in getting a better offer. Addressing the question “Does a pool add value to a home?” requires a nuanced understanding of various factors including market trends, neighborhood dynamics, and buyer preferences. Adequately maintaining your pool and presenting it as a valuable asset can indeed increase your home’s resale value, making the selling process smoother and more profitable.

That being said, selling a property doesn’t always mean you must dive headfirst into extensive preparations and improvements. If the idea of pre-selling renovations feels daunting, consider the refreshingly straightforward alternative: selling your home to an iBuyer like FlipSplit.

FlipSplit offers a seamless, online home-selling experience, allowing you to bypass the hassle and expense of pre-selling tasks. We’re prepared to purchase homes in their current condition, letting you skip the time and effort typically involved with pre-sale renovations and adjustments. Just provide your property details, and swiftly receive a competitive cash offer. Accept it, and watch the sale culminate in just a few weeks, leaving the repairs and revamps—including pool enhancements—in the capable hands of FlipSplit. Request an offer today!  

Sources:

1. “Swimming Pools: Costs vs. Long-Term Value.” Investopedia, www.investopedia.com/articles/personal-finance/050815/swimming-pools-costs-vs-longterm-value.asp. Accessed 27 Sept. 2023.
2. Glover, Emily. “How Much Does It Cost to Maintain a Pool?” Forbes Home, 26 Sept. 2022, www.forbes.com/home-improvement/pool/pool-maintenance-cost/

Reviewed by: Brandon Brown

As a long-time Asset Manager, Investor, Real Estate Agent, and Broker/Owner of BayBrook Realty in Orange County, Brandon Brown is one of FlipSplit’s lead Real Estate experts. Having worked on over 2,000+ real estate transactions, Brandon brings a depth of knowledge that ensures clients are appropriately treated with honesty and integrity. His insights and advice have been published in numerous blogs beyond FlipSplit, and he keeps a close eye on market trends and statistics, which are updated weekly on his social media pages. Outside work, you can find him participating and serving at church, cycling, mountain biking, surfing around Orange County and beyond, and enjoying time with his wife and two daughters.