Is buying a gorgeous home in Phoenix without a pool a good investment?

Asked by Trulia Phoenix, Phoenix, AZ Wed Apr 10, 2013

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Korene L. Clopine-Seaman’s answer
Korene L. Cl…, Mortgage Broker Or Lender, Glendale, AZ
Fri Apr 12, 2013
A gorgeous home in a great location that fits your needs and finances, should be a good investment. Are you looking to buy this home as an investment, a second home, or your primary residence?

A pool will add value to the home. A pool may add possible enjoyment to the home if you enjoy swimming or entertain. For sure a pool willadd expense with maintenance requirements. A pool will increase your liability at the home both for insurance and for the possibility of drownings.

You must determine what works for you and if it does not have a pool, that may or may not be a big deal as you can add a pool or a water feature in the future.

If you like the house, it fits your purposes, and your finances, real estate is a necessary and valuable investment.

I am a Mortgage Banker in metro Phoenix, AZ. I lend in both Arizona and California where I will be pleased to help you. If you or someone you know is looking for financing options, please feel free to contact me or pass along my information. 623-340-0934 Korene Clopine-Seaman NMLS # 218520 We are Direct Lenders, WE CLOSE LOANS!
1 vote
Jennie Miller…, Agent, Phoenix, AZ
Wed Apr 10, 2013
If you don't know how to swim, then this would be a good investment! If you know how to swim, it gets very hot here and you can enjoy a pool in your gorgeous back yard 6 months a year! Or 12 months a year if it is heated.
2 votes
Chris & Mich…, Agent, Glendale, AZ
Wed May 15, 2013
Most of my buyers are unmoved by the absence of a pool. If a home is gorgeous and has the available land in place to put a pool in later down the line, that is usually sufficient. Good luck!
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1 vote
Doug Fry, Agent, Scottsdale, AZ
Wed May 15, 2013
Buying a home with or without a pool is a personal decision.
Will it bring value to the home? Now that is a good question, if you are buying a typical single family detached home in a track home subdivision, not much and it could even be a deterrent when you go to sell it. As a few whom have answered stated either the home buying public wants a home with a pool or they refuse to look at homes with a pool.

The pool itself will cost you to maintain it monthly, and you will pay someone to upkeep the pool or you will be poolside daily working to ensure that the pool remains clean and clear.

If you are discussing a custom built home then that is a much different question.
1) A custom built home is going to have a pool with a unique style in a yard typically designed to enhance the Outdoor Living Space and will bring value to the home.
2) The typical custom built pool will have cutting edge technology for the date in which it is built. This would assist in bringing the value when you go to sell the home if it is sold within a few years of being built. Otherwise the technology is out of date and there becomes a loss of value if it is truly old technology.
3) The outdoor living space, (when designed by a professional) will bring the pool, water features, patios and deck space into play and the surrounding area will also be included in that value process.

I would be honored to sit and discuss your questions with you.

Doug Fry, Realtor® "Call Me, Let's Talk Real Estate"

Russ Lyon Sotheby's International Realty
17207 N Perimeter Drive Suite 120
Scottsdale, AZ 85255
1 vote
Sean Heideman, Agent, Phoenix, AZ
Wed Apr 10, 2013
Trulia Phoenix,

A pool in the Phoenix market will add approximately $5,000 to $10,000 to the value of the home. To purchase a home without a pool and later put a pool in will cost you $20,000 or more. Purchasing a home with a pool can save you some money if you don't mind maintaining the pool. You can always hire a pool service company which ranges between $80 to $100.

I hope this answers your questions but if you have any additional questions, then please feel free to contact me.

Sean Heideman, Broker
Position Realty
Office: 480-213-5251
1 vote
Mandyw489463, Home Buyer, Phoenix, AZ
Fri Feb 24, 2017
There are plenty of people in Phoenix who do not want a pool. Houses in Phoenix are really increasing in value right now so I would say it is probably a good investment. That and self storage centers which seem to be popping up everywhere.
0 votes
Andy, Home Buyer, Glendale, AZ
Sat Dec 10, 2016
I would rather put in my own pool. So many people think a huge pool is better, but later realize that means is it takes more maintenance and let’s face it, most of us aren’t Olympic swimmers and usually just play around in a pool. I’d much rather not pay for someone else’s idea of what a swimming pool should be like and put in just the right one for my family.
0 votes
Diablokrogh, Home Buyer, Phoenix, AZ
Sat Jun 13, 2015
The house, NOT THE POOL, is where you need to be focused. The cliche that a pool adds "$5,000" in value is an incorrect fact, anybody that uses that cliche is probably not the person you want representing you. House prices range from $50K to $10M so there is NO WAY to answer your question without knowing significantly more about the property.

Bottom line....If the house is priced fair, then it is a good investment, period. Quite frankly, the pool is much less important than other features of the home. Some people like pools, some do not. However, everybody is going to want an updated kitchen and/or bath. Again, focus on the home, and its value.... of course you need to consider the pool but certainly no more than any of the other features of the home.
0 votes
Jean Palumbo, Agent, Gilbert, AZ
Thu Jun 20, 2013
There are a lot of families in Arizona that prefer NOT to have a pool. Retirees and families with young children many times prefer to not have a pool
0 votes
Chris Bought…, Agent, Phoenix, AZ
Wed Apr 10, 2013
I have had many clients that have no interest in pools and prefer homes with out them. This is typically due to maintenance effort or costs. Many subdivisions have community pools and there are quite a few options for water related entertainment around the valley. It really varies by the person.
0 votes
Gerri Ogilvie…, Agent, Apache Junction, AZ
Wed Apr 10, 2013
In addition to the good advice already posted, there is the additional cost of owning and maintaining a pool to consider. If you'll use it... or simply enjoy the way it looks - as many people do - you'll want to also evaluate whether the costs are worth it. Your water/sewer and electric bills will go up, and if you plan to heat your pool during the winter the costs are significant. You'll also have a chemical service/maintenance company bill (or - if you're a do-it-yourselfer, you'll learn how to add chemicals and do the associated testing yourself). There are filters to backflush and equipment must be maintained and periodically repaired. The interior surface must be replaced every so often.

Again, it depends on what's important to you... your plans for both the pool and long-term ownership of the home. Some of my clients wouldn't consider a house without a pool - some won't look at a house WITH a pool.

One more thing... if you happen to have a dog who loves to swim, the decision may have already been made for you. :-)

Good luck with your decision.

Gerri Bara
West USA Realty
0 votes
Adam Tarr &…, Agent, Scottsdale, AZ
Wed Apr 10, 2013
There are many factors to consider. Are you looking at this a straight investment (rental) or wondering if there is extra value in buying a property with a pool? If you don't care about having a pool, consider that there a a large number of homes without and you wouldn't be in a small minority. I actually have many clients who specifically DO NOT want a pool when they are searching for a home.

If you want a pool, then buying a home with an existing pool will probably save you money. An existing pool will typically only add $5-$15K in value, depending on the size and features, but having one put in afterward is much more expensive.

If you are looking at purchasing for rental, you should get more in monthly rent than a similar home without a pool. You just need to make sure you are comfortable with the extra liability of having that pool and cover yourself with proper disclosures and waivers as well as insurance.

The higher the price range of the home, the more likely it is that it will have a pool. Not having one in a community that has a large percentage of pools will be considered a disadvantage.
0 votes
Jeremy James…, Agent, Scottsdale, AZ
Wed Apr 10, 2013
Trulia Phoenix,

I think it would depend, if it is just for investment purposes it would probably rent faster and at a premium if it had a pool. If you are looking to fix and flip or hold and then flip again you will sell faster and get a premium for the pool...

That being said there are going to be young professionals with young children that want nothing to do with a pool for safety reason, this type of property will appeal greatly to them...

So in weighing both options I think it ultimately boils down to what price you can get the home for and how much potential, if not immediate equity, the home has...if you have calculated this already and deem it to be a good by then the pool is a non-factor in my book.

Now if the pool is something that you desire, then just look at the lot size and determine if you can add one down the road, but be sure to figure that into your investment budget either short or long-term.

Good Luck
0 votes
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