How much value does a pool add to a home's selling price in the McKinney TX area?

Asked by glenmerrick03, McKinney, TX Tue May 8, 2012

Help the community by answering this question:

+ web reference
Web reference:

Answers

11
nick.savage, Home Buyer, McKinney, TX
Thu Aug 22, 2013
It doesn't depend on apples or oranges, no matter what the experts are telling you.
It does add value to your home but normally overall you lose money with a swimming pool.
If you spend 60 grand on an inground pool and your home is worth 140,000 then you have a
total investment of 200,000. So now what is your house worth when you sell it with the pool.
More than likely 150,000 to 160,000. We just lost 40g's to 50g's.
1 vote
Brent & Deb…, Agent, Prosper, TX
Fri Sep 28, 2012
Glen,

It does vary greatly; I personally feel the primary factors are the age of the pool, size and style and most importantly the appraisers opinion. We can debate the specifics till the cows come home, but it's the appraiser who will have the most influence on the final value.

However you asked about McKinney, so a typical 20,000 gallon, salt water pool, with a spa and heater will cost around 40k - 60k brand new. It depreciates in value for the first 5 years, then it might be worth around $8,000.00 - $10,000.

Checkout my blog post on building a pool, it might help.

Best of luck
1 vote
T.E. & Naima…, Agent, Dallas, TX
Wed May 9, 2012
As you can tell, the answer "depends" on several factors, like
- how big the pool is
- whether it's in-ground or above ground
- whether it's a "play" pool or a diving pool
- whether it's a typical chlorinated water pool or salt water
- how elaborate the construction is, such as a square, oval, or complicated waterfall type
- whether it has a spa
- whether it has a heater
- whether it has an integral cover
- the extent of decking and type
- the extent of landscaping

As a percentage of the value of the property is the proper way to consider the value of the pool. So, if, for example, the house is worth $300k the pool may add 10-15% ($30-45k), but for a $100k house a similar pool may add ($10-15k) also 10-15%. But the more extensive the decking, landscaping and construction the adder may be more.
Web Reference:  http://www.SumnerRealty.com
1 vote
Melissa Hail…, Agent, Plano, TX
Tue May 8, 2012
Glen,
I agree that the information below is accurate. It all depends...on alot of factors. However, Patrick said it best - you won't get back the money that you paid for it. When a home owner installs a swimming pool, they need to think of the cost of the pool to be the price that you pay to have the ability to swim in the privacy of your own backyard and enjoy the pool anytime you choose. There are never any guarantees that it will bring any value at all. In fact, for some home buyers who do not want a pool it's actually a negative value. Additionally, above ground pools almost never add any value. Sometimes the cost to remove them is actually a negative value too.

Another thing to consider is the neighborhood the home/pool is located in. If the neighborhood has a community pool for residents most of the homeowners will not install a pool in the backyard since they have access to one already. If the neighborhood does not have a community pool you will be more likely to find many homes with private pools in the backyard. This fact alone could play into the value of a pool in a homes backyard.

Melissa
Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com

http://www.linkedin.com/in/melissahaileyrealtor
http://twitter.com/#!/melissahailey
http://activerain.com/blogs/mlshailey
1 vote
Bruce Lynn, Agent, Coppell, TX
Tue May 8, 2012
Depends on the pool, the age, the price of the house, the size of the house, the neighborhood, etc.
Could add nothing, could add $30,000.

Larger house, Newer house, newer pool....I'd think $10,000-$20,000

Smaller home, older home, older pool....maybe 0-$5000.
1 vote
Andrea Brooks, Agent, Plano, TX
Tue May 8, 2012
It going to depend on several factors, but a quick way to do it: subtract the average SOLD price per square foot for comparably sized homes with pools from the avg SOLD price per square foot for comparably sized homes without a pool. Multiply difference with the square footage of the subject property for a general idea.

Avg sold $/sf with pool: $95/sf
Avg sold $/sf w/o pool: $90/sf

Subject square footage: 2500 x $5
pool value = $12,500

This is really just a general guide - so many other factors can affect pool value. Best to work with a Realtor who know the market well for specific advice. I do lots of business in Mckinney and would be glad to assist -

Andrea Brooks
469-450-1326
http://www.topagent.co
1 vote
Patrick Jack…, Agent, McKinney, TX
Tue May 8, 2012
Hi Glen,

It depends on the value of the property and the condition of the pool. For properties below $150,000, there is little value added. Perhaps $5,000. Above $200,000, add $15,000 - $20,000 for pools in good condition. Above $300,000 add $20,000-$25,000. After that it depend on other amenties like water features, outdoor kitchens and covered patios as much as it does the pool but rarely does the value of a pool go over $30,000. If you bought the pool, enjoy it, but don't expect to get the $60,000 back that you paid for it.

Patrick Jackson
REALTOR, ABR, E-PRO, GRI
1 vote
Michael Brow…, Agent, Allen, TX
Sat Dec 21, 2013
I agree, a lot of factors go into play when pricing homes with a pool (age of pool, size, year installed, etc.). As professionals, we would have to actually see the pool before giving more exact data.
0 votes
Txdream47, Renter, McKinney, TX
Thu May 31, 2012
i lived in mckinney off wilmth off 380my pool added $ 10.000 to my value. when sold it had added 10.000 to price it brought it upso it does add value to your home if its a inground pool.
0 votes
Steve Vennem…, Agent, Pine Springs, MN
Wed May 9, 2012
Most of the times pools dont add value.. http://www.txhomescontractfordeed.com/owner_financing.html
0 votes
Susie Kay, Agent, Dallas, TX
Tue May 8, 2012
Glen,

It all depends on the area/subdivision, the pool itself - standard or upgraded etc. Let me know if you have any further questions.

Thanks!


Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes
Search Advice
Search
Ask our community a question
Market Conditions in McKinney Zip Codes

Email me when…

Learn more