If you get a swimming pool will your home sell for more money? Is a swimming pool a good investment? That’s a question the swimming pool contractors from Tipton Pools in Knoxville, Tennessee get asked all the time. The answer is a bit more than a yes or no. If you’re getting a swimming pool JUST to add to the resale value of your home, that’s not a great idea. You also need to know, are swimming pools “expected” with a home in your neighborhood? Are you planning to get ALL of your investment in the pool construction back in the resale value of your home (that probably won’t happen).
When you consider your backyard a staycation spot and a place to entertain friends and family and if you think a pool will add to that, then that is one of the best reasons to invest in one.
It’s a great idea to talk with us and with a real estate agent to determine how a pool will — or will not — add to your home’s resale value. In some areas, a pool is a luxury while in others it is considered a necessary fixture – where you live determines whether a pool will add to the resale value of your property. The National Association of Realtors notes, “an in-ground swimming pool can increase your property value by as much as 15%,” which varies by region.
Owning a pool means you will need to spend time cleaning and maintaining it or you will need to hire a pool contractor to perform the tasks and they are ongoing.
Is a swimming pool a good investment?
Prior to jumping into a pool project, talk with us about the type of pool best suited to where you live. An in-ground pool adds to resale value, while an above ground pool will not. Adding a hot tub or spa, beautifully landscaped, can enhance property values and offer a place for relaxation and stress relief.
Here are a few things to think about:
- Will you get a concrete, fiberglass or vinyl liner pool?
- How large do you want it? In other words how much yard space do you want to devote to the project?
- Where will you put the pool?
- What type of accessories and amenities do you want for your pool?
- What is your budget for the project?
- Will you use your pool for entertanment or exercise or both?
- Don’t forget to consider and construct an outdoor seating area because you will spend as much time around the pool — maybe more — than in the water.
Pool ownership is not a decision to be taken lightly because it brings with it a large upfront construction price tag and ongoing maintenance and upkeep responsibilities. If you decide that a swimming pool is an investment you want to make give us a call and let’s talk about your project.