Does a Swimming Pool Increase the Value of Your Home

Does a swimming pool increase the value of your home? Many real estate agents and landscape/hardscape design companies are asked this question often.

In the real estate market, a swimming pool’s impact on home value can vary depending on location. People who own homes in cooler climates, where they can only use their pool a few months out of the year, will not see as much added value as those in warmer areas.

However, Myrtle Beach has a warm tropical climate, is a popular vacation destination with many rentals, and is a place for second-home purchases. The National Association of Realtors (NAR) says that in these markets, homes with pools are more desirable and sell for a premium compared to homes without one.

What Type of Pool Will Add More Value To Your Home

Since you can have different types of pools, what kind will add the most value? The old saying, “You get what you pay for,” also holds in this scenario. It will depend on your pool type, which is a factor when calculating the cost of how much value you can add to your home.

The days of a plain rectangle style are long gone. Today, the sky is the limit in different shapes, from ovals to curved shapes and circles. The fancier and more creative your pool is, the more attractive it looks to prospective buyers.

Studies suggest certain pools and features can increase home value depending on specific pool type, such as fiberglass vs concrete pools with a gunite liner. In addition, how many additional features are added, such as;

• Spa
• Pool lighting
• Tanning ledge
• Water features
• Fire features
• Concrete pavers and decking
• Quality of work and design

Additional Factors to Consider If Adding a Swimming Pool Will Add Value to Your Home

Some additional factors can affect just how much value your pool can bring. As mentioned, Myrtle Beach is very popular and has the perfect climate for pools. But beyond the hot climate, consider your neighborhood.

If most homes in your neighborhood have pools, you will want to see if they are comparable in price and design, as they might not stand out as much. Conversely, in a neighborhood without many pools, yours could become a prized possession for potential buyers seeking a staycation and outdoor oasis haven.

More Factors to consider;

Maintenance Costs:

Remember the ongoing costs of pool ownership. Factor in maintenance, cleaning supplies, and potential repairs. These expenses can eat into your selling profits, so consider them in your decision. However, these costs usually do not outweigh the benefits, as most homebuyers understand that owning a pool and spa comes with maintenance.

Weighing the Pros and Cons?

1. Pros: Increased value adds to your enjoyment of your home, making it perfect for entertaining. Swimming also provides a wide range of health benefits. Beachgoers often find the Grand Strand beach too busy and love the ability to get in their private pool to relax without the noise and, of course, the sand.
2. Cons: Maintenance costs and understanding that you must also build a pool code fence must be added to the price.

A pool can be a fantastic addition to your home. Although a pool will add value to your home, the amount of value depends on the above factors.

A considerable payoff isn’t always guaranteed, but if you have a luxury home or pool and live in Myrtle Beach and surrounding areas, you can almost bank on quite a significant increase in selling power!

When working with Elite Coastal Landscaping, we design and install the highest-quality material built to last and will wow every homeowner. Being a certified Belgard contractor allows us to create and design top-quality amazing pools and hardscapes.

If you want to know how to get a big payoff, contact our custom pool experts for a free consultation. They can show you how your pool and outdoor oasis can be the envy of your neighborhood.

Contact Elite Coastal Landscaping for concrete in-ground custom pools. Call us today at 843-712-1814 or fill out the form below for a free estimate and more information.