Adding a swimming pool in the home is a great way to enjoy more time outdoors as well as add value to your home. But how much value will a swimming pool add? There are several factors that must be used to determine the value, from the amount spent on the pool, comparable home values and how much equity you currently have in your home.
Pool Cost Installing a pool in the home can be quite expensive. You may spend $10,000 for a small inground pool or as much as $30,000 or more depending on extras or special features. Every component of the swimming pool has a cost plus the ground prep. You want to look at the overall cost to be able to consider how much value you might be adding to the home.
Comparable Look at homes in your neighborhood that have a swimming pool. Let’ say you have a three-bedroom, two bath home with 2000 square feet. Look for comparable homes, but with a swimming pool. Are these homes worth more than yours? You cannot necessarily configure the value you will achieve in the home by adding in a swimming pool. However, you can guarantee that the new swimming pool will provide you with a limitless amount of fun and excitement for the entire family!