Home Buying in 10567>Question Details

Christine, Home Buyer in New York, NY

A home I am currently looking at is FSBO. It has a brand new kitchen but could use some other work with in

Asked by Christine, New York, NY Mon Jan 14, 2008

the house. It has beatuiful landscaping and brand new above ground pool with a large deck. How much would the landscaping and pool and deck be worth in the home price?

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6
Christine,

Pools in general aren't worth much ....

Families with kids don't like the fear and the potential liability, seniors don't like the fear in general and the rest don't like the high cost of upkeep after they've experienced one ... they're almost like a Ping Pong table or a pool table, what are they worth.? -- in this case it's an "above ground pool' and they are worth less than zero ... it sounds like the deck is worth more money than the pool..

Landscaping can be a whole other deal based on the dimensions, lights, plants, etc ... I've seen $1,500 in landscaping bring an extra $8,000 to the table .. that said, there's a big difference between bringing the property to "average market", or making it a showcase home ....


Good luck.!
1 vote Thank Flag Link Thu Jan 31, 2008
As a matter of fact most buyers are not looking for a pool so its not a good selling feature.
0 votes Thank Flag Link Wed Feb 4, 2009
We agree with everyone below. A pool can be a huge liability and only worth anything to the person buying it. I list a number of foreclosures and any with an above ground pool I have removed immediately.

More important than anything is you are not represented. A good Buyer Agent will provide up to date comparables of recent solds in the area, will make sure decks and anything else are up to code, facilitate a home inspection, negotiate on your behalf, and much more. As Ruth states, if the seller is not negotiable or holding back information, move on - there are thousands of listings available in Westchester or Putnam County!

Good Luck.
0 votes Thank Flag Link Tue Jan 20, 2009
Do you really want to negotiate a deal like this by yourself? Based on your questions, my feeling is that you in way over your head. My suggestion is that you find a buyer's agent and try to convince the FSBO to pay an agreed upon amount to the buyer's agent. If the FSBO won't do this, unless this is the ONLY house for you MOVE ON. The seller needs to be somewhat flexible in this market. - if they aren't, its not a good sign. At the very least get excellent recent comps and a top-of-the-line inspection.

I agree with Gail - pools are as much a liability as an asset and add little value to the home because many people want to take them out for fear of an accident or because they are so expensive to maintain.
0 votes Thank Flag Link Thu Jan 31, 2008
It depends on a lot of variables--price of the home, value of the home (compared to comps), what the other houses in the neighborhood have or don't have, whether the house is over-improved, etc. So, there's not a good answer.

Sometimes, in general, good landscaping does add substantial value to a home. It's one of those things that, if the house really had poor or no landscaping previously, good landscaping can return 100% of its value. Remember, though, that landscaping has to be maintained.

As for the pool, even an above ground pool, subtract several thousand dollars from the property's value. Pools are a pain; they're expensive to maintain; they turn a lot of buyers off; and parents fear their children will drown. It's also what's termed an "attractive nuisance."

Get solid comps on the property. (Also, make sure the kitchen work was done to code, and that the proper permits were pulled.) Add a bit for the landscaping (if it's truly attractive and you're willing to maintain it). Then subtract for the pool.

Hope that helps.
0 votes Thank Flag Link Mon Jan 14, 2008
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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Pools are only worth something to someone who wants a pool. When selling a house, having a pool actually limits the market who would be interested in the house.

The value of a house is based on extremely recent sales in the immediate area. There is always a range in a neighborhood. The nicer condition of the property/house, the higher up on the range will you find the house.

When you sell as a FSBO or purchase on your own from a FSBO, you leave yourself exposed to an unbelievable amount of risk...Realtors spend years of training, education and experience and need licensing for a reason.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Mon Jan 14, 2008
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