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How Does Adding a Pool or Spa Impact Your Home Value

This is an article submitted by a guest author. Not all views expressed are those of Amerifirst Home Mortgage or its employees. 
kids jumping into pool

Just about everybody fantasizes about owning a pool or spa when the temperatures rise. But how does the fantasy of owning a pool or spa stack up to the reality? The answer is, "It depends." Here are some things to consider if you're thinking about adding a backyard pool to your property. 

 

Type of Pool or Spa

 

Do you want an above-ground pool or a built-in one? This can make a difference in how much value added you get from the pool. Typically, above-ground pools won’t do much for the value of your home, even in warmer climates. However, an in-ground pool made from concrete and stone may add value. Your home’s resale price could go up by as much as 50% the cost of the pool by having it made from nicer materials.

Similar advice can be given to homeowners who want to install a hot tub or spa. A portable hot tub really won't add value to your home. It's actually just considered a piece of personal property. However, a hot tub that's built into the ground, with nice landscaping around it, could add significant value to your home. In this respect, it could be considered a landscaping project rather than a home pool project. 


Scheduled Maintenance

 

One of the reasons why a pool or spa may be a drawback to a new homeowner is that the homeowner fears the potential cost of maintaining these items. The monthly cost of maintaining your pool is as much as $243 or more, according to Home Advisor. However, you may get a good deal with a local pool and spa company if you become a regular customer. For example, Rocky Mountain Hot Tub Company service can help you maintain pools and spas: Their costs come in at about $145 per month. The homeowner should be prepared to answer questions about monthly costs when the potential buyer asks about them. 


Noise and Other Considerations

 

Noise and the danger factor can be a detraction from getting a pool or spa. Many people are worried that the sounds of kids splashing in the pool will be too noisy. Additionally, any time you have a spa or pool, there is the potential for water dangers like drowning. This is a big concern for home buyers with small children. There are ways around these drawbacks. The homeowner can instruct the builder to place these items farther away from the door so that noise will be less of an issue. Safety fences can also be installed around these areas to keep small children out of them. 


Value Added

 

Pools and spas can add value to a home, but the amount of value they add varies. According to the SF Gate, landscaping can add as much as $38,100 to the value of a home priced at $300,000. Some pool and spa projects that feature natural stones and plants could be sold as landscaping features, which may increase the value. Additionally, pools are features for homes in the suburban areas. The closer your space gets to the city, the more likely a potential home buyer will want the extra space and not the pool.

Many factors go into determining the value of the home. However, the water features like pools and spas that do add value to a home can increase its value by as much as 50% of the initial investment cost, especially if that feature is a complement to the property. The question of pool or no pool rests largely on location. Homes that are farther away from the center of town and which are located in hot climates will probably get a financial boost from having a pool or spa.

 

Author Bio: Anica Oaks is a  freelance writer and web enthusiast. Read some of her published work on her Google+ page.

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(photo: Styron Batchelor, third from left; Loan Officer Mark Bynum, third from right; Loan Officer Assistant Jeff Jones, second from right)

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