If you live in Texas, especially West, Central or South, a well maintained pool will absolutely add value to your home as well as volumes of personal wealth. The high heat, dry winds and very little rain fall that are typical for 8 months out of the year can easily become exasperating along with obvious dehydration.
I wouldn't suggest trying to squeeze a pool right next to the house....which many people do either due to lack of yard or because it "appears" more cosmetically convenient. (Termites love moisture too!) A distance of 25-30 feet away from the facing door/outer wall of the home is a good distance to place a pool for concrete slab homes.
Safety is another reason for not having a pool squeezing up against a home. Reaction time is just as important to a crowd of inebriated individuals as it is to parents of small children. Plus, it is overall more convenient and less cost to fence comfortably around a pool area than it is a whole yard.....unless, of course, the pool is the sum of the yard. ;)
The view is another reason for having a swimming pool in Texas. If you are lucky enough to have open land, the sky scenery is beautiful 24/7 and the Milky Way along with a tapestry of stars truly do come out at night, espcially when drifting and relaxing on an air mattress and listening to your favorite music or just quietly enjoying the majesties of life.
So, to answer your question: The value is what you make of it, not what others superficially assume to categorize.
I highly recommend Menlo Park. Menlo Park enjoys all of the culture of Palo Alto, as its next-door neighbor, while being a quiet, family-oriented community with great weather and schools. The commute to Belmont would be about 30 minutes. Resale is very strong.
Welcome to the Bay Area!
Alain Pinel Realtors
If it is not too late, my partner recently sold a home in Encinitas that also was an inherited property and an older home, no repairs made. Encinitas is very unique in that some buyers move into the area due to the school scores and location so the pool idea can become secondary and temperatures are so moderate a pool becomes more of a cost than an enjoyed luxury, depending on what part of Encinitas of course. We can discuss the pricing with you if you are still entertaining the idea. Let us know if we can be further assistance.... more