Does A Pool Really Add Value to Your Property?

Hi guy! It’s Naomi here, your Rapid Renovation expert. 

Did you know I have a renovation course? You can check it out here! 

Outdoor living is quintessential to who we are as Aussies – it’s a huge part of our lifestyle!

However, we’re divided as a nation on one aspect of outdoor living… Do we like a backyard swimming pool?

Today I am joined by Mark Kentwell, from PRD Nationwide Newcastle and Lake Macquarie, to discuss this contentious topic. Mark has sold thousands of properties with and without a swimming pool, so does a pool really add value to your property?

Don’t have time to watch now? Listen on-the-go here!

Key Points:

• Mark finds when it comes to pools, it is the rule of thirds. One third will not buy a property without a pool, one third will happily have a pool but they will not pay extra for it and it cannot comprise the rest of the property, and the final third will not buy a property with a pool (that’s where I fall in!).
• For Mark, a property with a pool must still have a patch of grass. If your pool area does not account for an additional grassed area, you are ruling out young families, sporting households and those with pets from potentially purchasing your property.
• If you’re considering adding a pool to a property to add value, ensure it is the climate for a pool. Ensure a pool can be enjoyed for at least 1-2 months a year, otherwise, you will invest a lot into pool heating and structures to keep the pool at a pleasant temperature.
• Consider if a $20K plunge pool next to a landscaped grass area could be a better alternative to a $120K extravagant pool that takes up the entire backyard.
• A pool does not always add value to a property. The investment is not always worth the return, so it is important to make careful considerations when installing one.

 

 

 

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