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Does a swimming pool add value to your home?


How is that for a direct and fast answer!

A well-maintained pool not only enhances the overall aesthetics and curb appeal of a property, it can definitely increase its value.

Having said that, the extent of the value added will depend on several factors including the location, type of pool (above ground and fibreglass pools probably won’t add any value), and local market conditions.

But hang on… for years there has been a theory that having a pool was a negative when selling a home.

What’s changed?

First, if you ask many realtors, they’ll tell you that this was often just a tactic that home buyers used to soften up people selling homes with pools in order to get the price of the home reduced.

This makes sense if you think about it because people who genuinely do not want a pool don’t look at (much less make offers on) homes that have pools.

While this is an arguable bit of history, perhaps it’s a moot argument due to the fact that the rules of the game have changed so much in our post-Covid world that currently homes with pools are in extremely high demand. They are so in demand now, that in many cases, homes with pools sell faster than comparable homes without pools.

But before we even discuss Covid’s impact on whether a pool is a desirable and value increasing addition we need to go back a few years prior to covid and discuss fuel prices.

Yes, rising fuel prices seem to have had an impact on pools. As the price of gas prices climbed year after year, trips down south, to the beach and everywhere else started to rise in price, realtors started to see that homes with a swimming pool in the yard were getting more and more attention.

But as touched on, this was nothing compared to what Covid was about to do to the pool industry.

It could be argued that Covid-19 created more desire for swimming pools than any other factor in the history of swimming pools.

So, while there was a time when you could have been able to make a pretty solid argument that a pool doesn’t help sell a home, that time has come and gone.

In today’s market, from what we’ve seen pools actually help sell homes faster!

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