Lisa, Other/Just Looking in Fredericksburg, VA

does having a pool in your neighborhood increase the value of your home?

Asked by Lisa, Fredericksburg, VA Tue Aug 19, 2008

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In the Stafford, VA area, neighborhoods that have community pools generally hold their value better over the long run because they usually have other amenties such as tennis courts, tot lots, etc. These make the areas attractive to families. That being said, these neighborhoods also typically have homeowner's associations and many buyers either really want an HOA, or don't. Be sure to look at the HOA fees if you're looking to buy in a neighborhood with a pool and other amenities. The extra expense may not be worth it to you if you're not going to be using those things.
0 votes Thank Flag Link Wed Jan 21, 2009
Good morning Lisa, I think we're also looking for clarification to better answer your question - are you talking about a community pool or adding one yourself? A nice community pool can only help ... as it will appeal to more buyers. If you are thinking about putting one in (inground pool), it will add value, but only about 25% - 50% of the actual cost. As others said below, it also may eliminate buyers who don't want the hassle of maintenance or liability of having one. I just spent $35k putting a fiberglass pool in January, and it probably only increased my home value by about $15k. Only install one if you plan on being in the hom long term.
0 votes Thank Flag Link Tue Aug 19, 2008
I think a neighborhood pool does increase the value of a home slightly, though it is difficult to put a number on. There are buyers who want to live in a place where they can walk to a pool or at least have a short drive to a pool. I've even heard of people moving so that they can belong to a particular pool. A well run neighborhood pool that is attractive and close by will definitely attract some buyers.
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0 votes Thank Flag Link Tue Aug 19, 2008
An inground pool does in deed add value to your property, however it can help or hurt how people will voew your property. people who want a pool will make your home more desirable as opposed to say an older couple who cant or doesnt want to clean it. An above ground pool doesnt add value per say, only to someoen who really wants a pool, it is easier to remove than an inground, however there may be a cost involved and could hurt if someoen doesnt want to pay or deal with it.
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0 votes Thank Flag Link Tue Aug 19, 2008
Having a pool can hurt you or increase your value depending where you live. If you live in an area where many of your neighbors have pools and it's common then it may be a good idea to have one as well. But if you live in an area where it is not a popular thing to have or there's not enough land to have a pool and it takes up all the yard space then maybe you should rethink adding a pool. Also, many home owners don't want to be responsible for caring for a pool or the expense.

Use your judgement wisely because its an expensive decision to make that can effect buyer interest.
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0 votes Thank Flag Link Tue Aug 19, 2008
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