Increase the Value to your Home by adding a Swimming Pool!
Before investing in a major custom upgrade – such as a swimming pool – a lot of homeowners wonder how much value the purchase will add to their home. With warm and moderate temperatures blanketing Florida most of the year, a swimming pool will become a valuable investment should you ever put your home on the market. As a Tampa swimming pool builder, we will be more than happy to answer any questions you may have about your pool project.
Below are some considerations to keep in mind if you’re thinking of adding a pool to your property.
- It’s a robust real estate trend in the region. If your neighbors have a swimming pool, then investing in a pool will boost the value of your home. Why? Because real estate statistics show that when several houses in a single neighborhood have swimming pools, the appraisal values of those homes rise by 60-70 percent of the pool’s cost. It creates a trend – a local necessity, if you will – that inevitably affects your home’s value.
- Homebuyers are looking for it. Did you know that the swimming pool is the most commonly asked for feature by potential homebuyers who are moving to Florida for the first time? There’s certainly a demand for homes with pools, which will make your home more desirable compared to similar properties in the area. Furthermore, the more custom features that your pool has, the more luxurious it becomes.
- Florida’s weather is hot and humid. Summertime temperatures are quite warm in Florida and stay relatively mild throughout the rest of the year. Compared to other places like Michigan or Iowa, a swimming pool can stay open Florida all year long in Florida, more so in South Florida. Naturally, this results in a higher value for the pool and its accessories.
According to the National Center for Real Estate Research, a swimming pool typically boosts a home’s value by 8 percent – and when you take the above factors into consideration, Florida homeowners may experience a higher boost. The modern technology that makes it convenient to maintain and keep a pool in pristine condition is also a benefit. If you’re sure to maintain the pool throughout the year and update it as necessary, it will most certainly make your Florida home more valuable.