🏊 Does a Swimming Pool Increase Your Phoenix House’s Value?
Picture this: Sparkling blue water, cocktails in hand as you sit by the pool, grill fired up for bbq so it’ll be easy to dive back in before dessert. What’s not to love about a swimming pool in your backyard, right? The question you may ask yourself: Does a swimming pool increase or add your house value?
Image by Connoman from Pixabay
A swimming pool can add value to your Phoenix home
This is because we are located in subtropical hot Sonoran Desert climate. With averages approximately 300 days of sunshine and average of 100 days annually with a high of at least 100 °F, you may want a pool in your own backyard. Not only that, but a strategically installed swimming pool can add compelling curb appeal, making your home stand out. When customized with features like hardscapes and waterfalls, a swimming pool can elevate the overall look and feel of your home.
Also read: 6 Arizona cities among nation’s highest for homes with backyard pools
So, does a swimming pool increase or add your house’s value?
If you spend $20,000 on building a new pool, it will not add $20,000 to the value of your home. You can only expect an average of around 50% of the pools value on investment return. Keep in mind that there are a lot of variables that come into play as well, such as market condition, conditions of the pool and house and so on. The 50% ROI is an average figure for Phoenix area. You definitely will not get all of your money back from the pool if you installed it originally.
Bottom line
Do not add a pool to your home if you expect to recoup all the cost when selling your house. Instead, add a pool to your home because you want a pool. A pool is an outstanding investment in terms of recreation, fun, enjoyment and you can’t put a price on that. There are dozens of great reasons to have a pool in Phoenix home, but adding value to your home isn’t one of them.
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What you need to know to increase your house value?
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Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
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