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To Pool or Not to Pool: Do pools add value to your home?

To Pool or Not to Pool; Do pools add value to your home
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It may seem like a no brainer adding a pool to your Australian home. But, will it actually add value when it comes time to sell?

It’s easy to understand the many lifestyle benefits of a swimming pool: relaxation, entertainment, exercise, etc. But, do these lifestyle benefits add monetary value to your home? It’s an interesting happenstance that most often swimming pools in homes are located within seaside suburbs. Which is why Gold Coast homes are so abundant in them. Living on water is a whole new lifestyle and so the idea of a pool has value.

Cooler climate homes should reconsider installing a swimming pool, as it’s generally not a good idea since it can only be used for a few months of the year. Spending big bucks on a heated pool can cost you big time with not a lot of return, so we would recommend reconsidering this addition too.

The best way to decide if a pool is the right decision for your property is to look at the market of the local area. Do the majority of homes in your area have pools? If the answer is no, then there’s probably a good reason for this. A pool has the opportunity to increase the potential interest in your home, but it can go the other way too. Those who don’t want a pool will instantly cross you off their list. Those who do, if the property has space, can build one for themselves. If it’s an upmarket area in a warm climate, however, having a pool may be a great decision.

Make sure to talk to experts and have a look at the types of pools neighbouring houses have installed. There’s no sense in installing a giant pool when one half the size is more appropriate. If you have a sloping block, get expert opinions before spending. The slope could make the cost outweigh the benefits.

Within Australia, especially in East Coast Queensland, potential buyers generally look at pools as a benefit and will pay extra to secure one. A balance between outdoor areas and pool space is essential, so make sure that your pool doesn’t dominate the space.

Seeking advice prior to installation is essential. If the cost isn’t right, have the confidence to walk away. Going ahead with a pool installation when it’s not right could cost you big when it comes time to sell. Alternatively, when done right and on a property in the right area, a pool installation could help you maximise your return on investment.

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