Home Buying in 90803>Question Details

Sam, Other/Just Looking in 90803

how much value does a small pool and spa add?

Asked by Sam, 90803 Fri Oct 31, 2008

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Like others have stated the value of having a pool depends on the buyer's desire to have one. I have heard appraisers say pools add about $15,000 in areas where pools are common.

However, if you are considering adding a pool for resale you will certainly not get nearly the return on investment of the cost you will pay to have one installed.

My suggestion is this: if you are a homeowner considering a pool are are doing so for yourself, add the pool but if because you want your home to be "your home" but you are thinking about resale then it couldn't hurt to spend a few hundred dollars and have a professional appraiser who is familiar with your run the numbers as there may be other areas in which you could spend your improvement dollars with a better return.
2 votes Thank Flag Link Tue Mar 4, 2014
It depends on where you're located and whether most of the properties around you have pools and spas. If you were located in Arizona or Nevada for example, a pool is de rigeur and would be necessary for your property to be competitive. In 90803, pools are less common and wouldn't add much to the value -- if anything. In fact some buyers may not be interested in your property if it has a pool or spa.
Web Reference: http://www.ShowMeHome.com
0 votes Thank Flag Link Thu Apr 3, 2014
If a Buyer wants a pool, it may add 10 or 15 thousand dollars to the value. It does not matter very much how much the pool cost to install, whether it was a $20K or a $50K installation. An exception may be in a high line luxury home, in which case it could be worth substantially more.

Generally, in lower priced areas, pools are often negative value improvements. That is, the value added is less than their cost. In fact, it can even be considered a liability to some Buyers.

A spa is not so drastically different in value added versus cost, but of course, this is on a much lower price tag. Spas are often viewed as a bonus by a Buyer rather than an actual value added.
0 votes Thank Flag Link Wed Mar 26, 2014
It all depends on whether a buyer is looking for a property with a pool or spa. Believe it or not a pool or spa can deter buyers from purchasing your property.
0 votes Thank Flag Link Wed Mar 5, 2014
Quite frankly, it could add value or it could not add value. It depends on whether the buyer wants a pool or spa at the property. Some see it as a liability, danger or expense. I am speaking of families with small children who usually express those concerns. On the other hand you may have buyers that are looking for that type of amenity. It is important to know who you are marketing to in order to maximize your dollar.
0 votes Thank Flag Link Sun Jun 2, 2013
Please contact me so we can take about your pool inquiry
562-900-8265
chris@brotchuby.com
@chrisgoodmanson
Web Reference: http://rebelmontheights.com
0 votes Thank Flag Link Wed May 12, 2010
Sam ... I agree that value in Southern California of a pool and spa at a home can vary anywhere from some money to that of nothing ... or possibly monetary liability. I recommend that you hire qualified Realtor agent in your area. Have that person determine conditions for the neighborhood and city, compare that to other homes in your tract or neighborhood, looking at SOLD prices only, and listen for estimation of value of these elements of the residential property.

If you are a buyer or seller of property in Southern California, please call us any time. Thanks.
Harrison K. Long, Realtor agent and broker, Coldwell Banker Previews
949-854-7747
0 votes Thank Flag Link Sat Nov 22, 2008
The value of a pool and spa can vary anywhere from a substantial amount to no value, or sometimes even a negative value, depending upon many factors such as type of home, type and condition of pool, location, economic conditions, buyer's preferences, and more.

For example, a negative value may result from a pool in poor condition in an area where the extra maintenence cost is undesireable. On the other hand, an exrtravagant pool installation with complimentary hardscaping in an expensive area might add significant value.

The best answer for you as a Buyer is that it depends upon your desires. If you would like to have a pool and will get good use out of it, then it is worth much more to you than it would be if it is just be an extra expense for something you are not going to use. If you do want to have a pool, it is usually much more cost effective to buy a home that already has one, because the difference in price is rarely as much as the cost of installing one yourself.
0 votes Thank Flag Link Tue Nov 18, 2008
Sam,

I'd give it up to $5,000 depending on the area. Is the pool functional?

Charita King
562-276-8681
0 votes Thank Flag Link Sat Nov 8, 2008
None really. an above ground pool has no value, a spa that is portable has no value. an inground pool does add some value, it depends on the type home, size and whether a pool is normal or an extra. an inground pool can add 10 to 20k. however depending on who the house appeals to is whether it adds greater value to have it or not, an older couple may be against it where a younger couple would be more for it. hope this helps.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Fri Oct 31, 2008
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