Adding a pool to your backyard offers a lot of immediate benefits: recreational fun for all ages, a way to beat the heat on hot summer days, and a convenient exercise space outside of the gym.
While these benefits are top of mind for homeowners, they’re also thinking about the long-term value a backyard pool investment delivers. Whether it’s already in the cards to sell your home in a few years or plans change over time, you’re likely curious what kind of impact a backyard pool will have on the resale value of your home.
We’ve pulled together some numbers to showcase what you can expect.
How Much Value Does an In-ground Pool Add to Your Home?
Under optimal conditions — where a pool is properly installed and maintained — a HouseLogic study indicates a backyard pool can increase a home’s value by up to 7%.
In recent years, we’ve seen the demand for backyard pools surge. With people spending more time at home during the height of the pandemic and looking for an outdoor outlet (and a sense of normalcy), nationwide in-ground pool installation increased by 21% between 2019 and 2020.
This heightened demand for residential pools has translated into buyers who are willing to pay more for this amenity.
Prior to the pandemic, homes featuring in-ground pools sold for an average of $16,137 more as compared to homes without pools. Now, these same pool-equipped homes sell for an estimated $27,199 more than their counterparts — the equivalent of a 69% increase.
What About Above-Ground Pools?
An above-ground pool provides homeowners with a lot of the same benefits of in-ground pools, but resale value is one of several differentiators. Generally speaking, appraisers agree that an investment in an above-ground pool is more about personal enjoyment for homeowners versus boosting the long-term value of a home. Whereas some buyers will want to keep the feature, it’s likely that others (perhaps for safety or pool maintenance reasons) will want it to be removed.
Are Backyard Pools Worth It? The Simple Answer Is Yes
When you’re considering the cost of a backyard pool, it’s important to take into account both the short- and long-term benefits of your investment. While maximizing your outdoor living space for relaxation and entertainment, you’ll have added value to your home when it comes time to sell.
As a fiberglass pool installer, Blue Impressions helps you get the most from your investment. We pair high-quality fiberglass products from Latham with the optimal installation techniques to create backyard pools that not only look beautiful but are built to last with minimal maintenance.
There’s no better time to add a pool to your Northeast Ohio backyard. Contact us to request a quote!
