How a Pool Can Increase Your Property Value

A pool can be a fun and leisurely investment for the whole family. Children get to spend quality time outdoors, parents get to exercise and relax, and the animals get to excitedly chase the water when it’s splashed out of the pool. But did you know that pools can also be a worthwhile investment for adding value to your home?

If you’re considering having a pool installed in your Penrith home but keep finding reasons not to have one installed, perhaps reading the beneficial financial implications of installing an inground pool will help to settle the decision.
 
How a Concrete Pool Can Add Value to Your Home
We mention concrete pools can add value to your home and it’s important to know that adding a temporary pool to your home will most likely not add value to your property. It will hopefully add value to your health and wellbeing, but financially, temporary pools can be easily removed and are therefore exempt from adding permanent or any value to a home.

An inground pool can add value to your home by up to 8% and can – if well-maintained and pleasing to the eye – add a surmountable amount to your property’s worth.

 Here’s how inground concrete pools can add value to your property:

●    You live in a warmer climate
●    COVID has made pools more appealing because of lockdown and restrictions and the need for home entertainment
●    Home entertainment
●    People who are specifically looking for a property with a pool will pay more for a home with a pool
●    Other homes in the neighbourhood have pools too

For some financial reference, the median house price in Penrith is currently AU$760,000. With an inground pool having the potential to add an additional 8% this could raise the cost of a property valued at $760,000 to AU$820,800. That’s an additional AU$60,800 that could be increased to the cost of your Penrith home, just by adding in a well-designed concrete pool.

Please keep in mind that the above financial reference is a guide only and may not apply to every home. There are things to consider which you can read below.

Things to Keep in Mind if You’re Considering a Pool to Add Value to Your Home
For a pool to add value to your home there are things you need to consider.

●    Your neighbourhood – if yours is the only home without a pool in the yard, you could find the value of your home is decreased
●    Maintenance – Keeping your inground pool well-maintained will help to add value to your home
●    Temperature – Homes with pools might sell better in warmer climates and warmer months
●    Design – Outback Pools design and install luxury inground concrete pools that are pleasing to the eye and a touch of modern 21st century atmosphere to add value to your home.
●    Market – The housing market is always changing. There are times that pools are more desirable than others.
●    Who’s buying – Not everyone wants a pool (we’re personally not sure why though!). People who want a pool will pay the higher cost to have the pool. If, however, they aren’t interested in a pool, your property is of no important value to the potential buyer.

Just like any type of renovation, installing a pool can be costly, but if resale value of your property is a priority for you, the addition of an inground pool in your Penrith home could be the right choice for you.