Do Buyers Want a Home With a Pool?
While residential pools may appear to be an exciting or even glamorous feature of a home for sale, there are many things to consider before purchasing a home with a pool. Whether you’re looking to invest in a property or sell your own home with an existing pool, an important question remains: do buyers really want a home with a pool?
According to the National Association of Pool and Spa Professionals, more than 10 million U.S. homeowners own swimming pools. Despite their apparent popularity, particularly in warmer states such as California, there are many other factors about owning a pool that will affect a buyer’s decision as to whether or not to make an offer on your home. Here are some advantages and disadvantages to keep in mind:
Entertainment value. Pools are often a great feature for outdoor entertainment, particularly with children and teenagers;
Potential health benefits. Swimming in a residential pool is a convenient way to get exercise or for physical therapy needs, as well as a great way to stay cool during warm summer days;
Aesthetic value. Many homeowners consider a pool, especially in-ground pools, to be a feature that adds aesthetic value to the home;
Market value. In especially hot climates such as those in Southern California, a pool can help increase a home’s market value.
Safety. Because drowning is one of the leading causes of death among children, families with babies or toddlers may consider a home with a pool, or even a hot tub, to be a significant safety risk.
Maintenance. Pools cost money to maintain and repair, which is perhaps one of the largest drawbacks for potential buyers, especially lower and middle-income buyers. To some families, the cost of regular hot tub maintenance can be a hindrance, but considering that pool chemicals and spa care kits are available online, pool and spa upkeep is not as much work as many may think.
Additional expenses. Pools can often be costly to insure, and hot tubs can drive up the cost of a heating bill — other factors that a potential buyer will consider before purchasing a home with either a pool or hot tub.
Space issues. A potential homeowner may consider a pool as taking up valuable space, particularly in smaller yards.
While there are clearly both pros and cons to owning a pool or hot tub, it’s important to keep them all in mind when selling your home or deciding whether to purchase an investment property. Like any other feature of a home, a pool can be a make-or-break factor in whether a potential buyer makes an offer on your property.