In Florida an in-ground pool does add to the resale value of your home, but don't expect to get 100% return on your investment. On average an in-ground pool can increase the value of a residential property from 6 to 10 percent. An in-ground pool in Florida can cost anywhere from $20,000 to $40,000 depending on size, whether it is screened in, and the extra amenities.
Some buyers prefer not to have a pool because of the added expense, maintenance, and safety hazards with children. Pools can consume valuable yard space because in Florida most of the properties are pretty small. Others wouldn't have it any other way. A pool not only adds hours of enjoyment but also can add to the aesthetics of a home if it is set in an attractive setting. On those hot summer days it can also be very inviting and refreshing. It provides a place to unwind and relax as well as a form of exercise.
Another thing to consider is the neighborhood. The value of that pool may depend on what other homes are selling for in the area and whether they have a pool or not. If not very many neighbors have pools, then your value will not increase significantly. Choosing to purchase a home with a pool or whether to add a pool to your home is largely based on individual preference.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL - firstname.lastname@example.org
In CA or FL, a pool may be a selling point,
In NJ, it most likely isn't.
We have a short "swimming" season.....a pool may be a nice extra to some, but to others it is a detriment.
I have had a number of buyers refuse to even look at homes with pools.
I have never had a buyer refuse to look at a home with no pool!
If you and your family want a pool, then go for it. Hopefully, you will be living there for many years to come and the pool will become an integral part of you and your family's lifestyle. The enjoyment will be worth it.
If, however, you are looking at this from strictly an investment standpoint, then skip the pool.
Prudential NJ Properties
However, if you really want one, buying a home is not only about re-sale. Enjoy it, just don't overpay because it has a pool. Also, the expenses are big to maintain the pool.
In short, weigh your enjoyment of the pool versus these points.
Depends - but it isn't necessarily a selling point. If you buy that house, be sure to consider a fence for safety/liability issues.
Unwavering Commitment to Service
The cost can be very high to remove a pool. It will depend on the type of pool - poured concrete? vinly lined? above ground?
I haven't had a buyer fill one in in a long time, but when I did, the cost ran well over $10,000 (some years ago).
Ask you agent for a list of contractors, and get a few estimates.
The expense isn't just for the demo and removal of debris, but you will have a huge hole that will need to be filled in - and landscaping costs have to be factored in, too
I also suggest you check with the building inspector in Parlin, or wherever you're buying, to make sure you follow any codes restrictions or procedures, You may need a permit, or have an inspection during the process. Check it al lout before you proceed.
Keep in mind that this needs to be done properly, so that you don't wind up with a depressed area, or worse yet, sinkhole, in the backyard, which could be a tripping hazard.
1. In NJ it only gets used 3 months out of the years, and is an eye sore for the other nine months.
2. It takes up the majority of the yard.
3. Its extremly expensive to properly maintain, and in this economy that doesn't help much.
4. It limits the number of potential buyers, elderly people are less likley to be interested in a pool, and familys with real young kids may be less interested in it because its a safety hazard to their children.
5. I beleive the pool also increases the cost of the home owners insurance.
Unwavering Commitment to Service
Great question to ask the group, and all of the reponses are quite valid. But I do have one questions that has not been asked. Do you have children? Is this home in a family type of neighborhood? Do you expect to
spend time in your backyard? Does this home have the good Southern exposure for optimal heat during the summer months?
Kids love pools!!! All ages love pools There fore many parents/ buyers look for a home with a Pool.
As kids grow up, they tend to hang out at friends homes where there is "something to do". Well , a pool gives you that. Even little kids (once they are water safe) will spend hours just playing in a pool. If you are a Grandparent , you will always have something of interest for your Grandkids to do , when they come visit.
If you have a pool, you will spend more time in that backyard, so make sure it is the type of space that is appealing.
So, if you fit any of the above types.........I would say the Pool is of value!
"bringing Integrity to Your Front Door"
Alain Pinel Realtors
If you would enjoy a pool, can afford a home with a pool and the costs associated with maintaining it, it is a good thing. As others have said, for the next buyer, it will depend on a number of factors. Where will the economy be when you want to sell? Will you incur substantial costs keeping the pool like replacing heaters, covers, repairs etc? If you would enjoy the pool, and plan to be in the home for 5 years or longer and the pool doesn't surprise you with unexpected costs, it could be fine.
$89/month pool cleaning
$75/month additional power bill.
It's good that you're thinking about re-sale when you're buying.
Probably half of all Buyers see a pool as an asset, and the other half see it as a liability. As Janet said, if you buy a house with a pool, buy it for YOU. Your pool won't appeal to every Buyer when you sell, but you'll have the pleasure of using it in the meantime.
Before I moved to Florida, I lived in Valley Forge, PA. I imagine the weather there is pretty similar to yours in New Jersey. My house had a pool, which was a lot of fun, but the swimming season was short--barely three months, from June through August, If you do decide on the house with the pool, consider either installing a heater, or buy a solar blanket for your pool. The solar blanket will extend your swimming season for another full month.
Janet also brought up a good point about insurance. If you own a swimming pool, you'll need enough liability insurance to protect ALL of your assets. Or, you could do what you were considering in another thread--Buy a townhome in a community with a pool. Good luck in your home search.
Maggie Hawk, REALTOR
Watson Realty Corp.