Does adding a pool increase home value?
 

I was doing some research to see if adding a pool and spa increases the value of your home as much or more than the cost of the pool. My conclusions were inconclusive. Does the forum have any evidence or suggestions on where to search for better results?

Welcome to the forum. Depends on so many factors and location, etc. Look on The Villages Homes for sale and compare home with and without pool in same neighborhood. If I add a pool to my home I would get most of it back as I have a view. You don’t say if you have a home already and want to add a pool and spa to it?

I would never expect to recover 100 percent of the cost for any upgrade. But in the case of a pool, it would decrease the value to me because I would never buy a house with a pool. Too much maintenance and liability.

We had a pool and hot tub in our previous house for 17 years. Loved and enjoyed it. But this was also when our Son was growing up.
When we moved here we didn’t want either. It’s a responsibility we no longer wanted as we got older.

If it has privacy and a view I would say probably yes. If it’s looking out at the back of other homes probably not.

Keep in mind once you have the pool installed there is no going back.

You will have limited your pool (no pun intended) of interested buyers to those who *want* a pool. We did not want a pool in our new home so any home with one already installed was out of the running and we had no interest in seeing the house. More than just a few consider a pool an expense and liability they want to avoid.

OTOH--if you have *room* for a pool then your field of interested buyers is everybody.

Best advise would be to assume you are putting it in for *your* enjoyment during the years you are here and then see what happens.

My realtor informed me that WAY more prospective buyers prefer homes WITH pools than without.

According to the National Association of Realtors, an inground pool will return only 56 percent of the cost to install it upon resale.

Probably the worst "investment" you could make.

With the over-priced pools in TV, expect to get back about 20¢ for every 1$ you spend.

You can search on Google all day and you won't find a single source (other than TOTV), that will tell you a pool is a good "investment".

And realtors always tell the truth. It's a rule. Don't believe me, just ask one.

That's because they don't understand the extra costs and liabiliy of owning a pool. All they see is something that looks nice.

They understand SALE, closing = commission

If real estate sales people were even 1/2 as smart and qualified as they think they are, they would have retired at 40 years old. Instead, most of them are still working in their 70's, spreading their "knowledge" far and wide.

Yes and no, depends?

How much of a loss did you take on your TV pool, or multi TV houses with a pool. To give first hand perspective to future residents in TV on buying or building a home with a pool, is great I tell instead of an article