Based on the region of the country you reside in, having a pool in your backyard is a must-have property feature. A pool can enhance the value of a house substantially. Based on the National Association of Realtors, in-ground pools can increase a house’s price by an average 7.7 percent.
“In theory, a pool is worth to an appraiser anywhere from $8,000 to $15,000,” says Katie Walsh, a realtor working with the Walsh Team at Keller Williams Realty East Valley located in Tempe, Arizona.
However, just like other parts of a house, buyers are likely to want to make sure that it is maintained in good order. If the pool isn’t in great condition, you might have to repair it or reduce the value of the house in order to make up for the condition of the pool.
“It’s an impressive piece of art. It’s an enormous renovation to the home,” says Scottsdale, Arizona realtor Jeff Sibbach of the Realty One Group. “You’re trying to create that oasis experience.”
Here’s what you should know about selling a home with a pool:
Make aesthetic adjustments
If your house is currently in the process of being listed for sale You’ll need to make sure that the pool is attractive to buyers.
Jon Hutchings, owner and builder of the Georgia-based firm Bikini Pools and Spas, advises you to pay careful attention to the overall design that the swimming pool has.
“If it looks like it’s beat up, it probably hasn’t been maintained,” the expert states.
Be aware of any aspects of the aesthetics that could make a buyer hesitant. Make sure that the deck, the pool and the grout look clean and well-maintained. Cut down trees in the vicinity and tidy up the surrounding landscaping. Looking to sell your house fast for cash? We beat the other guys’ offers Check now
Hutchings suggests spending around one hour each week clearing the pool of any debris as well as balancing the pH of the water to prevent algae from growing in the water and then adding substances to your water. When the pool’s closed during the winter months, you can be able to clean it once every 2 weeks. Walsh suggests hiring a professional to take care of cleaning when the house is put for sale.
Documents should be saved to be used for repairs and maintenance
“I recommend to all sellers to fix any issue they are aware of, if they want top dollar for their home, and not to risk a cancellation or long repair list request coming in during inspection,” Walsh says. Walsh.
If you plan repairs, make sure you keep all documents of the work done along with contact information for the vendor for proof to buyers that your pool was maintained regularly.
Engage a professional to review your pool
For the most precise evaluation of the condition of your pool It is recommended to contact an expert in the field to have an inspection of your pool. A lot of pool companies provide this service. For instance, the The Phoenix-based We Fix Ugly Pools offers the pre-sales inspection for between $95 and $155. If the home inspector isn’t a professional with an experience in pool inspections, Walsh says, it’s unlikely that they’ll know exactly what to be looking for.
Watch out for warning signs
What should you be looking for? The most obvious warning sign is cracks Hutchings said. Cracks are a sign of use and wear, however they may also signal structural damage, which is an expense to repair.
Finish cracks, although it isn’t as severe as structural cracks typically, it’s shaped as an egg shell or spider web. A structural crack is typically one long line or line that splits in an elongated fork. Cracks that are structural tend to be found in an area known as the “break” of the pool — the point at which the depth of the pool increasesor along the bottom and up the wall of the pool. Horizontal structural cracks may occur near an angle along the line of tiles, approximately midway down the tiles.
Horizontal tile cracks could be a sign that water is leaked and rusting away the steel bars that hold your pool in place. Rust spots, which are usually located in the lower or the top of the water, might be indications that the pool may need to be replastered within the next year or two in the future, according to Walsh. The deck’s drooping, or separating from the house and uneven water lines or cracks in the concrete could indicate an entire area is going to need to be replaced, and the issue with the ground addressed in the future, according to Hutchings.
Take note of expenses of repairs
In the event that the injury is significant enough to require the pool to be repaired or replaced the cost could range from between $40,000 and $50,000. Repairing the finish may cost between $5,000 and $700, dependent what size the pool is, its local market, and other variables. Re-finishing the entire finish can cost about $15,000, according to Hutchings.
Improve safety in pools
The majority of local building codes have swimming pool areas enclosed by four sides. This usually means walls or fencing on three sides, with the back of the home serving as the fourth side.
It is frequent for homeowners to build an additional barrier to their swimming pool. They provide an additional level of protection for pets and children. While they aren’t required in all cities having a barrier around the pool can be a major attraction for families with young children.
Make a plan for the ideal date to launch
When you’re trying to sell a house with a pool, the date you’re selling could be an important role in the speed at which your house sells. Selling during the summer months could aid in selling your house faster particularly if the majority homes in the neighborhood do not feature a pool.
“During the summer, you’ll get the lack of a pool being a deal breaker,” Walsh explained. “In the winter, people tend to forget how much they want one.”
Sibbach says that winter-time visitors are likely to want an insulated pool.
Don’t make a pool just to boost the value of your home
If your house doesn’t have an outdoor pool, it’s generally not an ideal idea to build one to make your home easier to sell. In order to be worth it, pools should raise the value of your home by more than building costs and add $10,000 to $15,000. Sibbach says. It’s not always the case as pools are expensive to construct.
More demand for warmer climates
It should come as no surprise that cities with warmer climates have the largest proportion of backyard pools, and that swimming pools could be an additional factor for buyers who live in these regions. A study conducted by realtor.com discovered that the majority of the top 10 cities with backyard pools resided situated in Arizona and Florida which are two of the most warm states.
“We have 300 days of sunshine, and we have a long hot summer,” says Sibbach. He’s located at Scottsdale, Arizona. “It is very relevant.”
Some buyers with children aren’t interested in pools because of the dangers to their safety, some buyers will insist on having pools. The majority of buyers with children who would like pools will want the pool to be on the opposite side of their yard, so they have a green area for their children to play.
Size is important
When it comes to pool the size of the pool is crucial.
According to Sibbach the pool that is too large could result in a high cost. We’ve heard that some of his customers was charged an electric bill that was $600 per month due to the expense of operating pool equipment. A pool that’s too small is also difficult to appreciate. An “spool” or cross between an insignificant pool and a spa (usually with water features such as tiny “waterfalls”) is not necessarily the best choice.
“It takes a really particular buyer to want a spool,” he declares.
What kind of pool are buyers looking for? It’s generally, Sibbach says, a pool that’s about 25-30 feet wide by 50 feet, and can hold between 12,000 and 15,000 Gallons of water.
Sibbach says play pool are those that are shallow at the edges but thick in middleare better than classic or diving pools that are shallow at one end but deep on the other.
In the event that you’re selling your property with a pool, then you are likely to have an edge on the market, particularly those who live in warmer climate. Many buyers would like pools and are willing to pay for pools. But, you have to keep the pool in good condition and carry out any needed repairs that can be costly so that you can ensure you receive the most value for your property.