A pool in the Phoenix market will add approximately $5,000 to $10,000 to the value of the home. To purchase a home without a pool and later put a pool in will cost you $20,000 or more. Purchasing a home with a pool can save you some money if you don't mind maintaining the pool. You can always hire a pool service company which ranges between $80 to $100.
I hope this answers your questions but if you have any additional questions, then please feel free to contact me.
Sean Heideman, Broker
Will it bring value to the home? Now that is a good question, if you are buying a typical single family detached home in a track home subdivision, not much and it could even be a deterrent when you go to sell it. As a few whom have answered stated either the home buying public wants a home with a pool or they refuse to look at homes with a pool.
The pool itself will cost you to maintain it monthly, and you will pay someone to upkeep the pool or you will be poolside daily working to ensure that the pool remains clean and clear.
If you are discussing a custom built home then that is a much different question.
1) A custom built home is going to have a pool with a unique style in a yard typically designed to enhance the Outdoor Living Space and will bring value to the home.
2) The typical custom built pool will have cutting edge technology for the date in which it is built. This would assist in bringing the value when you go to sell the home if it is sold within a few years of being built. Otherwise the technology is out of date and there becomes a loss of value if it is truly old technology.
3) The outdoor living space, (when designed by a professional) will bring the pool, water features, patios and deck space into play and the surrounding area will also be included in that value process.
I would be honored to sit and discuss your questions with you.
Doug Fry, RealtorÂ® "Call Me, Let's Talk Real Estate"
602.549.7994 DougFry@douglasfry.net http://www.DougFry.com
Russ Lyon Sotheby's International Realty
17207 N Perimeter Drive Suite 120
Scottsdale, AZ 85255
A pool will add value to the home. A pool may add possible enjoyment to the home if you enjoy swimming or entertain. For sure a pool willadd expense with maintenance requirements. A pool will increase your liability at the home both for insurance and for the possibility of drownings.
You must determine what works for you and if it does not have a pool, that may or may not be a big deal as you can add a pool or a water feature in the future.
If you like the house, it fits your purposes, and your finances, real estate is a necessary and valuable investment.
I am a Mortgage Banker in metro Phoenix, AZ. I lend in both Arizona and California where I will be pleased to help you. If you or someone you know is looking for financing options, please feel free to contact me or pass along my information. 623-340-0934 Korene Clopine-Seaman NMLS # 218520 KLCSLoanTeam.com We are Direct Lenders, WE CLOSE LOANS!
Again, it depends on what's important to you... your plans for both the pool and long-term ownership of the home. Some of my clients wouldn't consider a house without a pool - some won't look at a house WITH a pool.
One more thing... if you happen to have a dog who loves to swim, the decision may have already been made for you. :-)
Good luck with your decision.
West USA Realty
If you want a pool, then buying a home with an existing pool will probably save you money. An existing pool will typically only add $5-$15K in value, depending on the size and features, but having one put in afterward is much more expensive.
If you are looking at purchasing for rental, you should get more in monthly rent than a similar home without a pool. You just need to make sure you are comfortable with the extra liability of having that pool and cover yourself with proper disclosures and waivers as well as insurance.
The higher the price range of the home, the more likely it is that it will have a pool. Not having one in a community that has a large percentage of pools will be considered a disadvantage.
I think it would depend, if it is just for investment purposes it would probably rent faster and at a premium if it had a pool. If you are looking to fix and flip or hold and then flip again you will sell faster and get a premium for the pool...
That being said there are going to be young professionals with young children that want nothing to do with a pool for safety reason, this type of property will appeal greatly to them...
So in weighing both options I think it ultimately boils down to what price you can get the home for and how much potential, if not immediate equity, the home has...if you have calculated this already and deem it to be a good by then the pool is a non-factor in my book.
Now if the pool is something that you desire, then just look at the lot size and determine if you can add one down the road, but be sure to figure that into your investment budget either short or long-term.
Good Luck http://www.jeremyjamesjack.com