Among several elements you may be considering ahead of any kind of major home project, the impact on home and property value is often high on the list. A common question down these lines from anyone considering a custom pool installation: Does swimming pool installation increase my home value?
At JAL Pools, we’re here to offer the best swimming pool contractors in Salt Lake City, Park City and nearby areas of Utah, offering pool design and pool construction services for any custom pool or luxury pool need you may have. Here are some of the basics to know here, including some particular settings where pool installation can show major improvement to home value plus some of the key factors that help answer this question.
General Pool Installation Value
Generally speaking, you can expect to see some level of positive impact on your home value when installing a custom pool or luxury pool. It’s rare to see a scenario where the addition of a well-built and properly-maintained swimming pool actively decreases property value, especially in areas with hot summers like Salt Lake City and Park City.
This is because having a swimming pool can significantly increase the desirability of a property, making it more attractive to potential buyers. In fact, according to some studies, homes with pools can fetch up to 7% higher sale prices compared to similar homes without pools.
Location-Specific Considerations
As mentioned, location plays a big role in determining the impact of pool installation on home value. Here are a few specific situations or location-based settings where pools are known to have a particularly positive impact on property value:
- Pools are common in the neighborhood: One of the first things potential homebuyers look for is whether a certain feature is common in the neighborhood. If most homes in the area have pools, having one yourself will not only add value to your home, but also make it more competitive in the market.
- Hot summers are common: As mentioned earlier, areas with hot summers like Salt Lake City and Park City see a higher demand for swimming pools. This means that installing a pool can be more beneficial in these locations compared to somewhere with colder weather.
- Homes near golf courses or bodies of water: A home located near a golf course or body of water like a lake or ocean can benefit greatly from having a pool. These homes tend to have higher property values and adding a pool only adds to their overall appeal.
- Enough space: You want your property to have enough space for the pool without making it feel cramped. A well-designed and spacious backyard with a beautiful pool can significantly increase your home’s value.
Factors That Influence Pool Installation Value
In addition to location, there are several other factors that can influence the impact of pool installation on home value:
- Type and size of pool: Generally, larger pools tend to add more value than smaller ones. Additionally, luxury features like waterfalls or built-in hot tubs can also increase the overall appeal and value of a pool.
- Maintenance and upkeep: A well-maintained pool is not only visually appealing, but also shows potential buyers that it is in good condition. Neglected pools can lower property value, so it’s important to keep up with regular maintenance.
- Aesthetics and design: The overall look and design of the pool can make a big difference in its impact on home value. A tastefully designed pool that blends seamlessly with the surrounding area can greatly enhance the appeal of a property.
- Safety features: With more families looking for safe outdoor spaces, including safety features like fencing or covers for the pool can increase its value.
Value of Working With Top Swimming Pool Contractors
This is one of several areas that highlights the importance of working with experienced and reputable swimming pool contractors like JAL Pools. Our team knows how to design and construct custom pools that not only meet your aesthetic preferences, but also add maximum value to your property.
We understand the importance of location-specific considerations and personal preferences when it comes to creating a pool that adds value. We also offer regular maintenance and repair services to help ensure your pool remains in top condition, maximizing its impact on home value.
While there is no definitive answer to whether or not pool installation increases home value, the general consensus is that it does have a positive impact. If you’re considering installing a custom or luxury pool in Salt Lake City, Park City or nearby areas of Utah, our team at JAL Pools is ready to help you achieve your dream pool while also adding value to your property. Contact us today for more information or to schedule a consultation.
