If you are looking in the Greenwood, IN area then the answer is anywhere between zero & $5,000. Of course the price range, type and quality of the space all matter. A good question but more information would is necessary to make an accurate determination. Generally speaking a pool in Greenwood doesn't add much, if any value.

No professional can render an opinion except your buyers agent who can comp the property of interest.

Homes with pools MAY sale more than homes with no pools, Many factors are determine value of home,

GREAT QUESTION

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Lynn911

Depends on where you are. For the most part they don't add value and can actually become a deterrence. In neighborhoods where pools are abundant, you'll want one because it's expected out of that neighborhood. Otherwise, in many parts of the country (families with small children especially) view pools as unnecessary and ultimately more maintenance than added value.

Hi Caroline,
I agree with Joe Shoemaker's answer. Unless a home is in Flordia and a few other hot weather areas, odds are that the pool is a negative to it's value. I assume the home is listed for more due to other factors or it's priced incorrectly.

Caroline:

This is a great question. My experience is this: having a pool adds $0 to the value of the house, and it may, in fact, reduce the value. Overall, there are fewer buyers who want the costs and hassles associated with a pool, so your access to a range of buyers is significantly limited. Lower demand = lower value.

But here's the caveat to that statement. If having a pool at your house significantly adds to your family's enjoyment...if it's something that's really important in your social lives...if the value you get out of the pool is not monetary but rather in time spent together... then by all means put in a pool. Just don't think that putting in a $60,000 pool is going to add "dollar" value to your home. It's just not.

Good luck!

Joe Shoemaker
Principal Broker, REALTOR®
MacDuff Realty Group
joe@macduffrealty.com

Caroline,

Depending on the condition, type, and size of the pool a realistic price range could be between $10,000 and $40,000.

Our recommendation is to have your realtor provide you with information on recently sold homes both with and without pools from your general location. A review of this important information should help you to see this more clearly.

Good luck
The Eckler Team

I have been advised by a local MAI appraiser that a pool is valued at only half the actual depreciated cost of the pool. Some buyers do not want a pool and thus the full value is not recognized.

It depends on the age of the home, and the type of pool. In SW Florida, we often have custom pools that can factor in $100K, but typically you are looking at between $15,000 and $40,000 - again depending on age and condition of equipment.

Caroline,

The Centergrove area is an interesting area when it comes to housing. It is by far the most sought after area in the county therefore fetching higer prices than Pleasant or Clark Townships. In my opinion an inground pool should add no more than 5k maybe 10k if it were spectactular. Sometimes having an inground pool can deter clients from looking at the property especially here in Indiana where you can not use them year round. You have to remember Centergrove is all about the Neighborhoods. That is where you get your price difference. Please fell free to give me a call. My team would be happy to assist you in all your needs.



Brad Osborne
Coldwelll Banker
Greenwood, IN 46143

Cell 317-258-3651

Caroline,

The Centergrove area is an interesting area when it comes to housing. It is by far the most sought after area in the county therefore fetching higer prices than Pleasant or Clark Townships. In my opinion an inground pool should add no more than 5k maybe 10k if it were spectactular. Sometimes having an inground pool can deter clients from looking at the property especially here in Indiana where you can not use them year round. You have to remember Centergrove is all about the Neighborhoods. That is where you get your price difference. Please fell free to give me a call. My team would be happy to assist you in all your needs.



Brad Osborne
Coldwelll Banker
Greenwood, IN 46143

Cell 317-258-3651