- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
How much value does a new pool add (as a percent of cost)?
Posted on 2/20/16 at 2:08 pm
Posted on 2/20/16 at 2:08 pm
We will be building an outdoor pool, spa, and kitchen setup for this summer. This is a house we plan to live in for a long time and maybe forever, so we are not looking to sell it anytime soon.
However, for personal finance and net worth accounting, how much value will this pool add to the house? Obviously not 100% of what we spend, but is it around 50%, 75%, or some other rule of thumb?
However, for personal finance and net worth accounting, how much value will this pool add to the house? Obviously not 100% of what we spend, but is it around 50%, 75%, or some other rule of thumb?
This post was edited on 2/20/16 at 2:08 pm
Posted on 2/20/16 at 2:33 pm to Bayou Tiger
I have always heard a pool neither adds nor reduces value of a house???
This post was edited on 2/20/16 at 8:40 pm
Posted on 2/20/16 at 3:10 pm to Bayou Tiger
It adds the value of use. It may attract some buyers and other buyers may dismiss your property because it has a pool.
Adding a pool is nothing like updating kitchens or bathrooms or adding square footage.
Adding a pool is nothing like updating kitchens or bathrooms or adding square footage.
Posted on 2/20/16 at 3:40 pm to Bayou Tiger
Depends on many factors including location of the country. However, remember that many people won't even come look at the house of it has a pool.
I spend $75,000 on a complete landscaping tiered rock wall with additional parking, sod, fencing, and a dozen 10 foot tall evergreen trees for privacy in 2010.
The appraiser said it added ZERO to his calculations of value based on the appraisal limits (the bank that hired him) put on him.
I spend $75,000 on a complete landscaping tiered rock wall with additional parking, sod, fencing, and a dozen 10 foot tall evergreen trees for privacy in 2010.
The appraiser said it added ZERO to his calculations of value based on the appraisal limits (the bank that hired him) put on him.
Posted on 2/20/16 at 5:03 pm to Bayou Tiger
it depends on the relative cost of the pool to your house. Id be surprised if you could get more than a 10-15% premium on the value of your house by adding a pool.
Posted on 2/20/16 at 6:19 pm to Bayou Tiger
Completely depends on whether a prospective buyer wants to have a pool.
Personally, I don't want one and would not offer on a property that had one. Someone that does want a pool probably would value it depending on how well it matches what he'd like in a pool. If you have a "standard" pool and he wants one with a rock garden and statues peeing water everyone, it still may not help that much.
Personally, I don't want one and would not offer on a property that had one. Someone that does want a pool probably would value it depending on how well it matches what he'd like in a pool. If you have a "standard" pool and he wants one with a rock garden and statues peeing water everyone, it still may not help that much.
Posted on 2/20/16 at 6:45 pm to foshizzle
Depends on the city and state. In Arizona you get 100% back when you sell. In Louisiana you get 0% percent back and actually limit the number of buyers
Posted on 2/20/16 at 8:13 pm to tigerbacon
My parents have a pool and they just sold their home. It did not increase the value and the realtor said it lowered the amount of people who'd be interested in it. I wouldn't have guessed that.
Posted on 2/20/16 at 9:24 pm to gobuxgo5
Thanks everyone for the feedback. I can only hope that the appraisal district feels the same way about my property value staying the same, since Texas property tax is high enough already.
Posted on 2/20/16 at 9:49 pm to Bayou Tiger
It won't add a dime in value. Might make it harder to sell the house later.
Posted on 2/20/16 at 9:50 pm to Bayou Tiger
Always heard it added nothing or reduced value
Posted on 2/21/16 at 12:10 am to Bayou Tiger
I just want to distinguish value for selling and the appraisal. I see limiting the number of buyers and zeroes out value because of extra costs. However, an appraiser adds value because he doesn't have to keep in mind the upkeep costs of a pool.
Posted on 2/21/16 at 8:05 am to nolatiger711
An appraiser considers the market value of the house. If a pool is not marketable, it doesn't add value to the house. In a place where pools are not appreciated, a pool is not marketable
Posted on 2/21/16 at 12:19 pm to Upperdecker
I would say above a certain price point I expect it. When my wife and I were shopping 4 years ago we were looking at like 550-750k and most of the homes that didn't have pools seemed to be shot down more quickly. We figured that if we were going to spend that much we wanted it DONE. Pool, landscaping, sprinklers all of that stuff we knew would cost $$$ because we knew we wanted it. One of the reasons why we didn't build also.
Posted on 2/21/16 at 12:32 pm to Bayou Tiger
Rectangular holes in the ground usually add nothing or detract from the value.
High end pools can add a lot of value to a high end house.
You're probably never going to get much back in a middle or upper middle class house.
High end pools can add a lot of value to a high end house.
You're probably never going to get much back in a middle or upper middle class house.
Posted on 2/21/16 at 12:36 pm to achenator
My guess is you will get between $1500 and $4000 credit for it on an appraisal,well at least in most of Louisiana. I saw a homeowner get upset when he spent over $15,000 on a pool and only got $3500 credit on his appraisal. Home owner was like i spent $6000 on the tile that went around the pool. At the end of the day personal touches are just that and the in the appraisers opinion its not worth what you spent on it.
This post was edited on 2/21/16 at 12:39 pm
Posted on 2/21/16 at 8:44 pm to Bayou Tiger
A good rule of thumb is 15% of the cost of the pool
Posted on 2/21/16 at 9:12 pm to theoldwiseone33
It definitely adds "value" when appraised for a HELOC. Put in a pool because you want it and will get a ton of use out of it, not for any other reason.
Posted on 2/22/16 at 9:04 am to Bayou Tiger
If you live in a waterfront/boating subdivision where every house has a pool, you better have one too, if you want your house to sell at the same price as your neighbors.
Posted on 2/22/16 at 10:06 am to Bayou Tiger
I was always told it adds no value but could improve or reduce sellability depending on the market
Back to top
Follow TigerDroppings for LSU Football News