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Odbhut, Home Owner in San Jose, CA

Does a home owner's association swimming pool add value to the home price?

Asked by Odbhut, San Jose, CA Thu Sep 29, 2011

How much does it cost to maintain one?

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Answers

11
BEST ANSWER
Hello ConfuK,

To be frank, the pool doesn't really add value to the home. In fact, if you were to compare both a single family or condominium home with a pool to a similar home without a pool, there would not be any difference in the costs. Part of the reason why a community pool doesn't add value is because, the pool is not really owned by the homeowner--it's owned by the homeowners association. As such, legally, each homeowner owns only a "1/x" (where x is the total number of units in the community) percentage of the pool or any amenity, which is only a very nominal value.

However, what a pool does ADD to the community is convenience. If someone really wants to have all the enjoyment of the pool without having to house it in their yard, having a community pool fills that need and more. Pools and amenities also have the added "downside" of costs and maintenance that is paid by the homeowners association, and that means added fees to the homeowner each month.

The sad part is everyone "wants" a pool--there's even a level of expectation that a pool be present in an HOA with enough units to support the cost, but most of the community will never use the pool. It can be the most visible, seldom used amenity in the entire complex. Playgrounds, on the other hand, tend to get more use than would a pool or spa.

So, to answer your question, no the swimming pool does not add value to the home. It does--like a park or a playground located nearby--add convenience and attraction, but not value since the homeowner and the unit do not directly own the item.

Good luck!!

Sincerely,
Grace Morioka, SRES
Area Pro Realty-People's Choice
0 votes Thank Flag Link Fri Sep 30, 2011
Yes, in general, a swimming pool adds to the appeal of common developments like condos and townhouses as it offers external recreation space to the tenants. The actual value added to the homes in the community depends on demographics of the home owners and the weather in the area. In Milpitas, I've only occasionally witnessed some pool usage of community pools during the hottest weekends. So, the concept of a pool probably adds a lot more to home values than actual use. And, since the homeowners have to share in the maintenance of a pool, the net contribution in value is likely to be marginal, probably in the $3-5K range per unit.

Pool maintenance depends on the size and age of the pool. Smaller pools would run about $500 a month. Some of the huge Olympic-sized pools could run up to $5K a month.
Web Reference: http://www.archershomes.com
1 vote Thank Flag Link Fri Sep 30, 2011
If you have 2 identical communities across the highway from one another, one community has a pool, the other doesn't. Each community has an identical home for sale at the same price. Which home do you feel would sell faster?
0 votes Thank Flag Link Sat Sep 14, 2013
Yes. The swimming pool is a benefit the buyer will enjoy and the cost is split between all members of the assocation.
0 votes Thank Flag Link Sat Sep 14, 2013
Help.. The developer of the community with a pool and club house has handed the recreational facilities back to the bank because of looming bankruptcy and the HOA is cajoling residents into buying the recreational facilities with STEEP assessments to "maintain" property values.What are my options as I don't want the risks associated with potential maintenance Ian's liabilities associate with these facilities?
0 votes Thank Flag Link Sat Sep 14, 2013
Once again I want to remind buyers that it is in your best interest to find a realtor that you like and want to work with, so that you can have all these important issues addressed. Communities all vary, and whether a condo or detached home in a community, you need an agent to do comps and investigate selling prices. If you're talking about your own home, then it's time to start interviewing some agents and have you bring comps for your community and get some ideas. Even if you don't plan on selling immediately, most agents will be glad to give you some tips about decorating, repairs and a plan for preparing for sale in the future in the hopes of having you call someday! Trulia is a great way to get some general information, but when it's time to get serious, you need a professional by your side! Best, Terry Bell, Realtor, Sonoma County Wine Country, California
0 votes Thank Flag Link Thu Oct 27, 2011
Hi Odbhut

When one has kids Pools are desired, just as Parks are. Kids learn to swim at school at an
early age.

Parents who do not know to swim do not appreciate a pool, as they are overly concerned
about drowning, upkeep and costs.

Certain neighborhoods, having a Pool helps sell the home or town home easily.

Call if you have questions.
Best regards
Perry
Web Reference: http://www.ruthandperry.com
0 votes Thank Flag Link Sat Oct 22, 2011
I'm not sure on the property description. If it is a single family home and their is a community pool and the HOA is nominal the value to the buyers are those who would appreciate the use of a pool without having to maintain it directly. These are same people who would buy into a community with a Cabana.

If it is a PUD (Planned Unit Development) and there are HOA dues, buyers will evaluate where there fees go to. If they have dues and no amenities, such as a pool, then they question what all they get. On the flip side, if the fees are very high with a lot of amenities, the weigh whether or not they'll use those amenities.

This is what you will do. Is it a feature you want and do you feel there is a value to you?

All the best to you.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Fri Sep 30, 2011
It is true that it does add some value to the home price, but the other side of that is it cuts down the number of prospects for your home and the HOA dues will be higher ( for a Condo/Townhome) because of that and I am often asked how much are the HOA dues as a major consideration to purchasing. Many buyers who are looking to purchase won't buy a SFR home with HOA dues at all because that is one of the reason they are looking at SFR ( no HOA dues) the other being a having a yard. I thought I would give you a different point of view based on the fact that I work mainly as a buyers agent and this is how many, but not all of my buyers look to purchase.
I hope that helps, feel free to contact me with any questions.
At your service,
Allyson
408-705-6578
allyson@homesbyallyson.com
DRE# 01397256
0 votes Thank Flag Link Fri Sep 30, 2011
A condo with community pool will as a rule be more valuable than a condo without one. Cost to maintain to each individual owner depends on number of units and other variables.
0 votes Thank Flag Link Fri Sep 30, 2011
ConfuK no the pool does not add value to the home as all homes in the HOA will have the same common use ammenities. The neoghborhood may appraise for more than another neighborhood but that would be dertermined by multiple factors not just the pool. Get a Realtor® to run some comparable sales for you to give you an idea.
0 votes Thank Flag Link Fri Sep 30, 2011
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