Does a pool add value to your property?

According to Doug Ellwood of Appraisals Niagara Real Estate Appraisers Inc., In-ground pools have gained greater acceptance in the last 5 or so years. When it come to market value, we need to consider the fact that some people want in-ground pools and some do not. We all know that pools are expensive to install, but when it comes to added value, we would expect most-likely a range from $10,000-$15,000 as a contributory value. Having said that, if the pool is brand new, we would adjust the value higher accordingly. We do not consider above ground pools as adding value.

In our last survey regarding pools and landscaping, here’s what our survey participants had to say.

1. Would you buy a house with a pool?

2. What is a pool worth to you?

Average value $6,000

3. Rank in order of importance.

4. Would an above ground pool add value?

5. What shape of pool do you prefer?