Does a Swimming Pool Add Value to Your Home?
Filed under: Temecula Real Estate
Summer is on the way and you may be thinking about installing a pool for the family to enjoy when the heat hits. It’s wonderful for your family, but what does it really do for your home value?
Swimming Pools in Your Temecula Home
Pools are very popular in our area, and many people view a swimming pool as a great addition so that they can cool down on a hot afternoon. Our climate is perfect for a backyard swimming pool!
Keep in mind that a swimming pool is not an investment for your real estate value, because you don’t get a dollar-for-dollar return when you install a swimming pool. Yes, you can sell a pool home for more money, but you won’t recover the costs that went into the installation and upkeep of the swimming pool.
Typically, a home with a pool will sell for $20,000 to $25,000 more than an equivalent home without a pool. Since it is likely that you will spend more than that on the pool installation, it means that you won’t completely recover the money that is spent to install the pool.
Should You Install a Swimming Pool in Your Backyard?
It is a great idea to put in a swimming pool if you view it as an investment in your family, because you can enjoy fun family activities together. But, understand that it isn’t a good monetary investment in terms of property value.
Also, don’t forget that you will be spending money on monthly costs. These costs include things such as a higher electricity bill to pay for the water pumps, or you might have the cost of a solar system installation to generate electricity for the whole house as well as the pool. Other costs include higher insurance premiums and ongoing cleaning, maintenance, and repairs.
Are you interested in learning more about home value in Temecula? Call me today to talk with an experienced Temecula real estate agent. I know a lot about the Temecula area, and I am always happy to answer your questions or help you find the right home for your family: (951) 473-0390