Building a Swimming Pool - How It Can Boost Your Property Value?

Hiring the best pool building company located in Arizona can help you to add value to your property. How? Adding a swimming pool to a home can be a great way to entertain guests and boost its value. Homes with pools are the epitome of paradise in temperate regions.

When the summer season lasts five or six months, and the temperature often reaches 100 degrees or higher on the hottest days, having a pool in your backyard is like a dream come true. However, installing an in-ground pool is no minor or inexpensive project if your property does not already have one.

Adding a pool to your backyard is a significant investment, so you should be sure it will provide you with a return on your money in more ways than just good feelings every summer. Adding a pool can significantly raise the value of your property, just as doing things like selling at the right time of year and choosing complementary paint colors does.

In this article, we’ll go over a few factors that can increase the value of your backyard pool.

How Pools In Arizona Increase Property Values

An in-ground pool installation might cost upwards of $50,000. However, it’s a great way to draw attention to your garden and make your home the center of social activity in the neighborhood.

Can we expect a return on our money? How much will putting in a pool increase the value of your home? Your home’s value may rise as a result of installing a pool, as with any other enhancement you make, but this is contingent on a number of circumstances.

Keep reading.

Location of Your Home

Although a swimming pool is a great way to boost your home’s value; it’s essential to consider your location. In metropolitan regions where houses with pools are relatively common, the value of a private pool is calculated as a premium to the per-square-foot sale price of a residence.

In some parts of the country, a swimming pool is a highly sought-after feature, and purchasers are willing to spend more to get one. However, in some areas of the country, a pool can actually reduce the value of a home.

A pool may not be a significant selling point in areas with a high concentration of families with small children due to worries about the children’s safety and the high cost of pool maintenance. However, in regions such as Arizona, where people use swimming pools on a regular basis, the absence of such a feature can significantly lower a home’s market value.

Size of the Pool

Now is the moment to take action if you feel your pool is too tiny. If, on the other hand, it appears to take up a considerable amount of space in the garden or backyard, you may want to consider shrinking it so that your potential purchasers have more room to hold parties or other gatherings.

If you want to attract buyers, one of the most important things you can do is ensure that your pool is the ideal size for the space available.

In addition, you should consider how the pool will affect the overall functionality of the area, as this may also affect the value of your house. After making improvements to the home, such as expanding the size of the pool, you may decide to ask for a higher asking price.

Inviting, Clean, and Well-Kept Pool

Having broken parts in your pool immediately sends a negative message to potential purchasers and reduces the pool’s worth. To get the most money out of your home, you must ensure that no repairs or upkeep have been neglected. Potential buyers will immediately see flaws like cracks, dents, and pools that haven’t been adequately maintained.

Make sure the following repairs have been made to your swimming pool before you put your home on the market:

  • Repair any broken tiles or cracks;
  • Test for safe chlorine levels;
  • Filtration system maintenance;
  • Adhere to the rules set forth by the law.

And to achieve this, you need to discover AZ’s finest swimming pool remodeling company so they can give you excellent service.

Upgrading Your Pool

There is more to pool renovation than fixing cracks and expanding or contracting the space. Renovating your swimming pool is a great way to raise the market value of your home. Especially if you put on some extras or customize it with some unique features. Any improvement you make to your home will, of course, raise its value as a whole. 

Some options for improving pools in luxury and upscale residences are listed below.

  • A pool enclosure is a must;
  • Installing features such as diving boards, waterfall, water slides, or fountains;
  • Change the color of the tiles;
  • Changing the pool’s shape;
  • Installing a small jacuzzi next to the swimming area;
  • Possessing a modern spa.

You may also narrow down your options by researching one of the common Arizona pool builders online. There are plenty of ways to improve the aesthetics and practicality of your pool. But, again, the focus will shift from the pool to the total package you offer potential customers.

Easy-Maintenance Swimming Pool

An older model that is less desired and requires costly repairs and routine pool care may deter prospective buyers. When selecting a pool, it is essential to consider the many cleaning options to reduce the time needed for maintenance.

Consider Your Pool’s Energy Efficiency

It is preferable to have a pool that costs as little as possible to maintain. A pool that uses as little energy as possible is also more appealing to potential purchasers should you decide to sell your home in the future. 

While it’s true that switching to an energy-efficient pump will cut down on your monthly energy bills, the quality of your circulation may suffer, ultimately leading to a higher total cost. 

Combining energy-efficient equipment with a circulation method that guarantees maximal mixing water and keeps your pool crystal clear all year round is the most effective option for maintaining clean pool water. 

The Recreational Benefits of Swimming Pools

Consider the ways in which the buyer of your home will be able to enjoy more leisure time. If they invest in a new pool, buyers will have a functional and enjoyable outdoor space perfect for social gatherings and entertaining guests. In addition, you can expect a greater return on investment thanks to this amenity since buyers are more likely to pay a higher price for a home that has a pool.

Knowing the Worth of Your Pool

If you want to install a pool in your backyard, ensure it looks good with your house and the landscaping. That’s why you need to give some thought to what kind of swimming pool will work in your backyard. Buyers are interested in homes that have been constructed with high-quality materials. 

These materials allow for the construction of superior pools due to their aesthetic appeal, durability, and practicality. More than just saving money, low-maintenance pools are more beneficial because they reduce the pool owners’ workload and stress levels.

What Kinds of Swimming Pools Are the Most Valuable?

If you’ve done your homework and talked to a real estate professional, and have decided to put in a pool, you’ll want to make sure you choose the appropriate one.

Above-Ground Pool: The least expensive alternative is an above-ground pool with vinyl. You can purchase it for around $3000, but it will probably not increase the value of your home.

In-Ground Pool: Value is greatest when an in-ground concrete pool is tastefully landscaped and incorporated into the property’s design, costing around $30-$80,000.

How Much of an Increase in Home Value Is Attributable to the Installation of a Swimming Pool?

Experts give conflicting opinions when asked how much a swimming pool increases a home’s value. Homeowners typically see a 5–8% increase in value after installing an in-ground pool.. Experts predict a maximum rise of 7% under optimal conditions, meaning a pool can increase a home’s value by anywhere from $11,591 to $95,393.

Location is crucial to almost every aspect of real estate. Areas with many families raising school-aged children are likely to have the greatest demand for pools. However, you should know that just having a pool won’t automatically increase your home’s market value. In need of repair or upkeep, “a poorly maintained pool could weigh down your house value and discourage purchasers.

How Much Does It Typically Cost to Build a Swimming Pool?

Since installing a pool typically does not come cheap, knowing how much value it can offer is crucial. Construction costs for an in-ground pool average between $20,000 and $60,000 for a fiberglass pool and $35,000 and $65,000 for a gunite or concrete pool. 

Generally speaking, the price of an above-ground version ranges from $800 to $15,000.Keep in mind that in-ground pools cost more upfront, but they survive many more years than their above-ground pools.

Cost to Maintain a Pool

The cost of regular maintenance and unexpected breakdowns is also high for pools. Basic pool maintenance costs are estimated to be between $ 500 and $4 000. However, the annual fee can be anything from $2,500 to $7,000 when you include maintenance, repairs, and utility bills such as water and, if you use a pool heater, fuel.

Maintenance includes:

  • Buying and applying chemicals to keep the pool at the right pH level and to avoid algae growth;
  • Vacuum and clean your pool on a regular basis throughout the swimming season;
  • Acquiring attachments like telescoping poles with attachable brushes and leaf skimmers.

How Much Does Swimming Pool Insurance Cost?

Adding a swimming pool will likely lead to a rise in your home insurance premiums, so keep that in mind. Most policies will pay for repairs to an outdoor building or fixture, such as a pool, up to 10%.

The Insurance Information Institute recommends having between $300,000 and $500,000 in liability coverage in case anything goes wrong with your swimming pool. But, of course, those numbers can change depending on the dimensions of your property and the amenities of your pool.

Talk to your insurance agent about how much it would cost to include liability coverage or increase your liability limit. The average annual premium for a swimming pool insurance policy is estimated to be around $1,200.

Above All Else, Pools Increase the Satisfaction of the Homeowner

A pool’s return on investment may not matter to some homeowners. Why? The primary motivation for the installation of the pool is for recreational purposes. The time and effort spent creating a backyard hideaway will pay off in the form of years of enjoyment and a stress-free, pain-free workout.

Putting money into a pool is a decision that can pay dividends for decades. In addition, in-ground pools provide a convenient way to disconnect from daily life without leaving the house. The thought of coming home from a hot day at the office simply to change and go for a swim in the pool is enough to make anyone’s skin crawl.

Wrapping Things Up

A swimming pool is a frequent addition to homes in the US. In fact, around 10.6 million pools are in use across the country.

The existing homeowner and prospective purchasers stand to gain from the addition of a pool, as it not only boosts the value of the property but also makes the home more enjoyable to live in for years to come by providing years of opportunities for physical activity.

Before purchasing a swimming pool, it is essential to conduct an adequate study on the subject. The total cost of insurance, maintenance, and repairs can quickly add up. Please get in touch with us if you’re curious or have any further inquiries.