Do Pools or Hot Tubs Add Value To a Home? [INFOGRAPHIC]

    Does a Pool (or Hot Tub) Add Value To a Home?  Click here to get our FREE weekly pool maintenance newsletter! When researching the question, “does a pool add value to a home?” I spoke to a few real estate agents and residential property appraisers in South Jersey. And from my conversations, the unanimous answer I received was, “depends.”  Does Owning a Pool or Hot Tub Increase the Value of Your Home?  Depends on Market Trends  When you put your home up for sale, an appraiser is called in to assess the monetary value of your home. They look at the entire property and compare there assessment to the surrounding area’s previously sold homes. Combined, this gives them the market value for your home.  If there are homes in the area that are selling at a higher price because of the pool in the backyard, then that may increase in value of your home, because the market dictates that people want pools.  I asked this hypothetical question:  If there are 10 IDENTICAL homes in one area that are all for sale, and one of those homes has a pool, would that home be appraised at a higher value?  Housing Development  The answer is still unclear, because outside those 10 homes, there would be research done to see what other homes have sold for in the recent based to compare to.  NOTE: You should take into account where you live. In areas where you keep your pool open year round might have a better chance in increasing the value of the property versus areas where you only use the pool 3 months out of the year.  However, that doesn’t mean that an pool or spa can’t increase the value to someone looking to purchase your home.  Depends On What The Buyer Wants  Some folks who are looking to purchase a home may tell their realtor that they are looking for a house with an existing pool or spa, and thus would increase the value of your home to that particular buyer. They may choose your home over another simply because of the pool or spa.  However, you have to realize that the odds may be against you in today’s economy.  When some house hunters see a swimming pool or hot tub in the backyard, they don’t see the parties, the hanging out with friends, the relaxation, and the envy of their neighbors. Instead they see a giant money pit. To these folks, your home has less value to them.  An article in the Wall Street Journal title, Taking a Bath on Your Pool, estimates that pools can add $3,000-$5,000 in maintenance a year. However, those numbers are exaggerated in favor of the article.  The article states,  Sales director of PoolSupplies.com, Sean Corrigan says chemicals may run to $500 a year. Dave Cook, group vice-president at Supplies Company Pool Corp. in Covington, La., says it’s typically “a range from $500 to $800,” but if you live in a northern state and need to open and close the pool at the start and end of each summer, both men said, that may cost you at least another $500.  Ok, so we agree that the annual chemical cost of owning an inground pool is about $700 on average. Which I will agree with.  Then, the added cost of electric and gas to run the pool and heater (if you have one) is about $100 a month, according to the article. That leaves us with $1,000 to $1,500 a year for as long as your pool is open.  They also factor in repairs, but if you take good care of your pool and hot tub, those repairs will not occur as frequently as they suggest in the article.  HOWEVER, this is what some home buyers will be looking at, not the added joy of pool or hot tub ownership, which cannot be measure in dollars. Pool and hot tub owners will know what I’m talking about here.  Depends On Appearance  Inground Pool with Landscaping  If you want someone to buy your home with the pool or hot tub, you better make sure that it looks fantastic. That means, when you’re staging the house, make sure the water is clear, everything is in working order, and the landscaping compliments.  You can decrease the perceived value of your home to potential buyers when your pool is filled with leaves and debris or your hot tub cover is brittle and smells like mildew.  My suggestion, before you start showing off your home, make sure the hot tub area and pool look their absolute best.  3 Tips On Selling Your Home with a Pool or Hot Tub  One of the most important aspects of selling a home is www. As any realtor will tell you, a carefully crafted staging is the way a home’s potential is communicated to prospective buyers; a good staging is how the home sells itself.  Too often, though, staging is limited to the interior, especially in homes with the one incredible asset that sets them apart from the rest: a pool.  Pool staging may be the single best way to sell a home at the seller’s desired price. What could possibly be more enticing to a potential buyer than a beautifully landscaped, well-appointed pool area? Odds are, that’s all the buyer will think about after seeing it. Address the following key areas when staging your pool to maximize its impact:  Replace the hot tub cover if it’s looking old, cracked, and smells. Also, if it’s very heavy to lift If you are selling a pool during the winter, invest in a safety cover to make the pool look nicer instead of using ugly tarps LANDSCAPE around your pool and your hot tub if possible Make sure the water is crystal clear and I mean CRYSTAL! Remove any debris from the water surface before inviting potential buyers    1. Landscaping Is Key  Landscaping is the bedrock of outdoor staging and curb appeal, in both the front and back yards. Landscaping can be particularly dramatic and effective around a pool.  Make sure the lawn is healthy, the grass is cut, and any debris or lawn equipment is stowed away.  Utilize trees, shrubs, and boulders around the pool to create an inviting oasis that will stick in the minds of buyers. Make sure all mulching is fresh, and the entire area is weed and dead-leaf free. Make use of dramatic and colorful seasonal flowers and hanging baskets, especially in the spring and summer.  The paradise you create will likely be the one factor that seals the real estate deal.   How to Landscape Around an Inground Pool in a Weekend A step-by-step guide filled with useful tips that will help you start and finish landscaping around an inground pool in 2 days or less. 2. Create The Perfect Patio  Create an elegant and irresistible patio setting that will make buyers want to sit down and start whiling the weekend away before they’ve even bought the place. Invest in attractive patio furniture and grilling equipment that will ignite the buyer’s imagination and inspire visions of all-day barbeques and parties that last well beyond the twilight.  Remember that anything purchased for the staging is an investment that will be returned by the sale, and assuming your new home has a pool, is yours to keep for the next great pool area in your life.  Outdoor 4-Piece Resin Wicker Patio Set Outdoor 4-Piece Resin Wicker Patio Set  List Price:	 $549.00 Price:	 $428.18 You Save:	 $120.82 (22%) BUY NOW ON AMAZON 3. Make Sure The Pool is Crystal Clear  Of course, the pool itself is the crown jewel, the heart of the backyard, the main attraction. Make sure above all that it is clean. Skim, vacuum, and filter adequately, especially before a showing. Keep the water crystal clear, and make sure all ladders, steps, diving boards, etc. are all in good repair. Pool floats and toys should be out of sight.  Keep pool equipment stowed in an organized and attractive manner. All hoses and other pool care accoutrement should be kept in proper outdoor containers, preferably those which are designed to be decorative. The filter area should be obscured by fencing or shrubbery that maintains the overall ambiance without blocking necessary access to the equipment.   How to Clean a Swimming Pool Cleaning a pool includes: vacuuming, skimming, and brushing. If you do these tasks every week, you will clean a swimming pool perfectly. By following these general instructions and addressing these key areas, the value of your home will be infinitely more apparent to anyone who is thinking about buying it. Regardless of the rest of the property, a beautiful pool area can be the one thing that will stick in the minds of buyers and guarantee that your home is sold for what it is truly worth.  Of course, a great pool area is priceless- as the people lucky enough to buy your home will soon find out.  I hope that if you’re reading this you own a pool or a hot tub and looking to sell your home. I don’t want you to think that pools and hot tubs don’t add value – the absolutely do, depending on the buyer and the market trends.  Happy Swimming!

    Swim University with Rinehart Realty

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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