Home Buying in Denver>Question Details

Carol, Other/Just Looking in Denver, CO

Do homes in subdivisions with pool sell for more ?

Asked by Carol, Denver, CO Thu Jan 31, 2013

Is there an price advantage to living in a subdivision with a pool for resale?

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6
Carol,

In most cases in the Denver area it is an advantage to have a convenient pool to go for exercise and relaxation. Often ther will be a Clubhouse and workout facility as well that help values. What does not add value in the Denver area is a home with a pool other than unique high end homes in certain areas where it would be expected. In many if not most areas, a home that has a pool is of lower value than one without due to the limited time of use in this area.


Robert McGuire ASR
Realtor/Consultant
Your Castle Real Estate
Direct - 303-669-1246
http://about.me/robertmcguire33
0 votes Thank Flag Link Sat Feb 2, 2013
Hi Carol – Pool communities do not sell at a premium; it has more to do with the neighborhood. The pools are just an added bonus, that are usually reflected in the monthly/quarterly or annual HOA. If you have questions about a particular neighborhood I am more than willing to run an analysis to give you an educated opinion. Let me know if there is something I can assist with.

Julie Bloch Burton - Broker Associate, Realtor®
Brixton Real Estate - http://brixtonassociates.com/
Cell Phone: 970.396.7435 | Fax: 720-306-2397
email: julieb@Brixtonmail.com
0 votes Thank Flag Link Thu Jan 31, 2013
Hi Carol - yes, often a pool community is desirable for families. Sundance HIlls is a good example - it provides a sense of community, social activity and a "safe" place for children to congregate in the summers. Private membership to pools such as Virginia Vale can cost thousands and wait lists are long. Please let me know if I may assist you further.
Susan at The Kentwood Company 303-331-1400
0 votes Thank Flag Link Thu Jan 31, 2013
Carol,
If HOA fees ar not out of sight I think it does add value to townhome and condo communities but not deatached single family home subdivisions. In fact, if a condo community does not have a pool values are negatively affected.
0 votes Thank Flag Link Thu Jan 31, 2013
Julie is right, in my opinion. Plus, it really makes a difference depending on how well the pool area is maintained.
0 votes Thank Flag Link Thu Jan 31, 2013
Hi Carol -- not really. I live in a pool community (also tennis courts, trails, etc) in Littleton, which is great but it doesn't add dollar value to home prices. Plus, communities with pools have HOAs, which can be a turn off for some people. For me, I purposely bought a home in this neighborhood because I think HOA neighborhoods hold their value much better. At day's end, it's still the size, location and condition of the house. Julie Montgomery, RE/MAX Masters, Inc., Greenwood Village, CO. http://www.jmontgomery.com
Web Reference: http://www.jmontgomery.com
0 votes Thank Flag Link Thu Jan 31, 2013
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