Does a pool add value to a home, or it is an investment whose only benefit is on hot summer days?

It’s a simple question with a complex answer, largely because there is no single answer to satisfy all scenarios.

Adding value to your home and losing money on your investment are two different things. If you’re dreaming of a pool, it’s important not to consider just the resell value, but also the total investment profile.

Let’s dive into some specifics so you can make an informed decision:

What Does a Swimming Pool Cost?

Before we talk about adding home value, you should realize that a pool can be a risky investment because of its high price tag.

Types of Pools

On average, it costs around $50,000 to build an average-sized in-ground pool. Certain types of in-ground pools, like a concrete pool or fiberglass pool, are usually more expensive but can be easier to maintain.

The investment for an above-ground pool is much lower, clocking in at just under $7,000 for an average size.

Infinity pools are much more expensive. These can reach into six figures, depending on size and materials.

Additional Expenses

In addition to installation, you’ll also need to pay for a pump, filter, vacuum, and other accessories. Some areas require you to install fencing or other enclosure for safety purposes, which can add thousands to your total investment.

Decking and landscaping will also add to your total cost.

You’ll also have ongoing expenses, such as water to fill the pool and pool chemicals. Also, your homeowner’s insurance may increase to cover the risk of owning a pool.

Calculating the total cost of pool ownership isn’t easy until after the fact. In some cases, all the extra expenses could cost as much as the pool itself.

That’s a lot to try to recoup when you sell your home.

When Does a Swimming Pool Make Financial Sense?

Price aside, swimming pools do hold a certain value for some home sellers in the right areas.

For example, if you live in an area that’s sunny and warm year-round, you’re much more likely to see an ROI than a homeowner in an area with snow six months of the year.

Also, if many of your neighbors have pools and you don’t, it could make your home harder to sell when you’re ready.

Pools will almost always be more expensive than they’re worth. But adding to your home’s value alone shouldn’t be the “make or break” factor when deciding to install a pool.

Bottom Line: Does a Pool Add Value to a Home?

So, does a pool add value to a home?

The answer is yes. And no.

The type of pool, geographic location, extra expenses, and annual upkeep can all affect whether you see an ROI. If you’re in doubt, hire an appraiser to help you decide if a pool is the right investment for your home.

Regardless, having your own pool can be a rewarding experience. Consider it an investment in your personal lifestyle, not a financial one.

As long as the pool holds value to you, there’s no reason you shouldn’t dive into this venture.

For more advice on selling your home, head back to our blog.