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.
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.
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
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.