Do you think a pool adds beauty to a house? Does it increase the market value of your property? Investing in a pool is good for leisure; however its preference varies from country to country depending on the weather condition and lots of different factors. Let’s find out how a pool can prove to be beneficial for your upscale house.
Market Value: Up or Down?
Although there is an ongoing debate regarding pools adding value to the house; in upscale areas, pools are considered to be a necessity. The National Association of Realtors has published a study which shows the rise in home market value from 8% to 15% after the installation of swimming pools. Regionally, the Southeastern side depicts a growth range from 5% to 10%; whereas the Southwest region increment is from 8% to 13%.
It is better to install pools on big properties in rich neighborhoods as this investment will pay back in the end when you will put your property up for sale, because the buyer will want luxury in everything.