It’s a common question: if I spend the money to put a pool in my backyard, will it increase the overall value of the property. AND! Not only that, how much will it increase the value. Certainly it’s not a one-to-one, every dollar spent gets put right back in the property type of transaction, right? So how do you weigh the cost versus the reward? It’s a good question, it’s an important question. Let’s get into it.
When balancing the positives against the cost, really take the time to think about why you’re doing this. What do you want out of this investment? Is it a place to hold parties? Are you just looking for a quiet, private backyard sanctuary? And what about maintenance? Are you going to try taking care of it yourself or hire some experts in your area? A lot of those questions can be answered by considering what type of pool you install.
Vinyl liner pools tend not to increase the value of a home, certainly not as much as other materials. Vinyl pool liners need to be replaced more often than other types of pools so keep that in mind. Gunite, on the other hand, is relatively low-maintenance and lasts longer than vinyl pool liners. Let’s learn a little bit more about gunite.
Numbers can vary as they always do, but the National Association of Realtors has said that a concrete (gunite) pool may add roughly 5% to a home’s value. You’ll receive some financial return, but it probably won’t equal the amount you put in.
So really, what we’re telling you is that the value a swimming pool provides goes beyond money. That’s the real trick here. You can’t put a price on summer afternoons in your backyard, kids playing in the pool, sun shining down, drinks in hand, meat on the grill. It’s the kind of experience that’s just … unquantifiable.
Does it increase the value of your home? Yes. Does it increase it beyond what you spend? No. Does it increase your quality of life beyond measure? Absolutely.