Are you struggling with this summer heat and bored of staying inside in the air conditioning? It is no surprise that backyard pools are a popular feature among home buyers and a popular renovation project for homeowners! Pools are great way to beat the heat and on average pools boost your home’s value too. Staying cool and increasing property value? That’s a win-win!
According to Redfin data, in the Los Angeles Metropolitan Area, homes with a pool typically sell for about $95,000 more than those without one. In 2018, 23% or about 1 in 4 homes sold, had a pool. In Orange County, the added value is estimated at almost $56,000, while in Riverside County, it’s around $45,000. The value that a pool depends on the location, style, and upgrades that a pool provides. Is it a standard lap pool or does the pool have a waterfall, grotto, or beach entry that you can walk into? Is it an older pool or recently
As professional REALTORs, a common question we hear at open houses and working with buyers is: “Can I add a pool at this house?”
According to Redfin data, in the Los Angeles Metropolitan Area, homes with a pool typically sell for about $95,000 more than those without one. In 2018, 23% or about 1 in 4 homes sold, had a pool. In Orange County, the added value is estimated at almost $56,000, while in Riverside County, it’s around $45,000. The value that a pool depends on the location, style, and upgrades that a pool provides. Is it a standard lap pool or does the pool have a waterfall, grotto, or beach entry that you can walk into? Is it an older pool or recently
As professional REALTORs, a common question we hear at open houses and working with buyers is: “Can I add a pool at this house?”
You know what that tells us? Pools are not just a seasonal fad. People use their pools year round, especially in Southern California, and especially now! Unfortunately, just because it looks like a backyard might have the space to put in a swimming pool, there might be other logistics or reasons why you can’t install a pool. You might have easements on your property, issues with digging, local regulations, and other things that prevent you from building a pool. Hence the appeal of purchasing a home that already has a pool!
Over the 4th of July weekend, thousands of people hosted backyard BBQs and celebrated Independence Day with a nice, relaxing swim. Do you want that to be you next year? Reach out to us!
What would your dream pool look like? Reach out and share with us! We’d love to hear from you.
Source: https://www.redfin.com/news/does-a-pool-add-value-to-home/
