Swimming pools are a great addition to a backyard. Pools provide entertainment value and improve quality of life. However, there is a legitimate debate over the return on investment for swimming pool construction.
How much does the addition of a swimming pool contribute to your property value? Here are the factors to consider:
- What is the resale value for swimming pool construction? Experts estimate that a swimming pool retains 15 to 25% of the original investment. The investment will fluctuate based on factors like location and condition.
- What are some additional expenses to consider? It’s necessary to consider all costs. For example, fencing and landscaping will add additional costs. These must be considered to truly determine the value of adding a swimming pool.
- Does a swimming pool make your home more desirable? The desirability of your home on the market depends on the buyer. Some people include a swimming pool on their wish list. Others automatically rule out a home with a swimming pool. In warm states, swimming pools are more prevalent and desirable.
From a financial perspective, you are likely to recover a small percentage of your original investment. But there are other factors to consider.