Anyone debating adding an inground swimming pool to their home needs to understand the ways it can increase a home's value. This includes balancing the cost of installing the pool and selling the idea of the pool to potential buyers.
Pools Can Add Value To A Home
Adding an inground pool to a home doesn't automatically increase its value. For example, building it in a low-income area may decrease its value by making it too hard for the average person to buy. However, if homeowners install them in a higher-end neighborhood and in an area with a warm climate, the pool will be seen as a very useful investment.
Estimates state that a good pool can increase a home's value by as much as seven percent. However, it is possible to increase this value if homeowners find a motivated buyer who is looking for the other benefits offered by a high-quality inground pool.
Other Benefits Of An Inground Swimming Pool
Inground swimming pools offer homeowners a variety of benefits that can help increase a home's value. For example, it gives them a place to relax during the heat, a fun place to exercise, a great party center, and can even help people sleep better. All of these benefits make an inground swimming pool a wise investment.
They can also increase the home's value by creating a place that potential buyers will enjoy visiting and swimming in during sunny weather. Really promoting these benefits when selling a home can help offset the cost investment that an inground pool represents for the average homeowner.
The Costs Of This Process
To many people interested in building an inground pool, the cost may be a detrimental factor. For example, a typical vinyl pool costs about $25,700 to build. However, installing a fiberglass pool increases the price to over $31,000. In many instances, inground pools can cost up to $50,000 to install before adding various decorative items, such as waterfalls.
However, the price increase it can offer a home when it gets sold make sit more than worth it. For example, a $30,000 pool could attract high-class buyers that would be willing to pay an extra $50,000 or more for the house. This is particularly true if the homeowner adds various other items to the pool, including decorative lights and more.
Even if the person building the pool doesn't end up selling their home, they will have an incredible place to relax during the summer. Many people use their inground pools daily when the weather is right, making them a very worthwhile investment. Whether you're wondering "How much does an inground pool cost," or just starting to consider the idea, there are many things you can consider to make it affordable.