Someone told me that built-in pools or "underground" pools take away from the value of a home because it is an expense to keep it running and a cost to remove it.
I am wondering if this is true or not so if we happen to find a home with a pool, maybe we should offer less?
I think this depends on the size of the pool, the landscaped, and the general area. In most cases it will add value to the home for the right buyer. Say the built-in pool cost around $10,000 total. You can add an additional $5,000 or more to the asking price. More if it is newer and well maintained. The landscaping costs factor in as well. At least this is the case in my area.
Every house I sold with remax that had a pool sold for a lot more. It really depends on the location. If in a colder climate, it's probably not recommended, as it would need to be maintained during the winter seasons as well. And that may be tough. If it's in a warm climate, for sure it could sell for a lot more in profit. I think the majority of houses that have a pool, sell for a good bit of money.
The first home I bought myself has a build in pool with an amazing set up. Because it was in Arizona where it is hot year round, I ended up paying an additional 30 grand above the actual value of the property which was still considered a steal seeing as they paid 50 grand for all the work they did installing it and landscaping the area.
Of course if you’re a homeowner, that vision of paradise tarnishes a bit when you think about how much it will cost you to install and maintain a pool. And what about resale value? Will adding a pool increase the value of your home when you decide to sell it?
That’s a great question, and the best answer is maybe—if you’re lucky.