Does adding a
SWIMMING POOL ADD VALUE TO YOUR HOME?
They can certainly be enjoyable, but a question often asked of agents is, “does a pool actually add value to your home?”
It seems there is no clear answer to this because it depends on a range of factors. Some people will argue that a pool is a personal lifestyle preference not shared by all potential buyers of your property and as such may not add value. It might even be seen as inconvenient. For others, it might be just what they wanted and they’re prepared to pay for it.
Owning a pool requires annual pool inspection fees added to Council rates, ongoing costs with pumping, cleaning and chlorinating and perhaps occasional structural maintenance.
As water becomes more precious, it seems likely that future costs of owning and filling a pool will be greater. For some home buyers these outlays and responsibilities are unwanted and homes with pools will be avoided.
However, this should not diminish the general value of a pool, or more precisely the entertainment features of a home sought after by other people.
Metropolitan Perth enjoys a Mediterranean climate ideally suited to outdoor living. It’s hardly surprising that the external appearance and features of a WA home do affect its value and generally provides greater ease in selling.
In deciding if a pool really does add value, it’s important to consider design features and quality of construction. REIWA agents tend to find that if pool is part of a well designed outdoor living area and complements the house by creating a better aspect to the property, then it adds some value to the home.
Important design features for a pool include things like safety concerns, access to other open areas on the property and compatibility with the look of the house.
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Four years ago legislation was enacted which ensures that all enclosures for pools built between 1989 (the first year of mandatory fencing), and 1992 need to comply with the Building Amendment Regulations Swimming Pool Safety Laws.
So, owners and buyers of properties with older pools need to be aware of these legal changes to fencing and should contact their local Council for clarity.
Installing a new pool should be approached in a similar way to building an extension. In most cases an extension is made to accommodate a growing family or to provide for a lifestyle improvement.
The better extensions are those that are well designed and constructed. This will add value to a property for the right buyer who’s specifically looking for what you might have to offer.
– Derived from REIWA