I always get this question regarding having an inground pool and adding value to your home.
The short answer is no, it does not add value to your home.
I know sometimes these pools could be expensive to install and the seller feels that they should recoup that money when they go to sell it.
But an inground pool is an expense not like updating a kitchen or a bathroom where you would get return on your investment.
Even if you spend $50,000 on a new kitchen, you will not recoup the full amount when you go to sell but you will recoup 70% to 80%.
What a pool does add in terms of value is something we call “personal value.”
Basically, it is something that you are adding to your home for your own personal enjoyment but does not increase in value.
Now, if a buyer is interested in getting a pool and it just so happens your home has a pool, this is where the personal value comes into play.
That buyer will not need to have a pool installed, but that doesn’t mean you could charge that specific buyer more money for the home because of the pool.
In fact, some buyers do not even want a pool and may pass on your home because of the pool.
So, if you’re interested in installing a pool, please note that you will not get the return on that investment when you go to sell the home.
You are simply adding the pool for your own personal enjoyment and for your family.
If you have any questions, please do not hesitate to call me at 215-630-9363.
PHOTO CAP: Joe Cairo CRS, GRI, RE/MAX Hall Of Fame & Lifetime Achievement Award