Will Adding A Pool Add Value To My Oakville Home?
Tuesday Jul 07th, 2020Share
Top Oakville realtor Sue Heddle has been experiencing the busiest summer market of her 12 year career! The housing market has definitively picked up speed after being slowed considerably due to the COVID-19 outbreak. While some people are actively buying and selling homes in Oakville and throughout the Halton area, others are taking this time to upgrade their space since we’ll all be spending more time at home this summer.
The warm temperatures and the hot summer sun make it easy to wish for a pool in your backyard. Even if you have the space to accommodate a pool, is it really something you’re prepared to invest in? Adding a pool to your home will certainly add to your short-term enjoyment (as long as you’re prepared to handle the added yearly costs), but will it help you sell your home further down the road?
What Buyers May Think When They See A Pool
Swimming laps and watching your kids play water games in the comfort of your own backyard can be very appealing, but you can’t forget about the actual realities that come with owning a pool. And when it comes time to sell your home, prospective buyers may only be able to see increased liability and maintenance costs, especially if they haven’t owned a pool before.
Don’t be too concerned though, there will always be buyers who consider an in-ground pool a bonus, while for others it’s considered a deal breaker. If you’re wondering whether or not adding a pool will help increase your home value, here are some factors that need to be considered.
- Will adding a pool remove all green space from your yard?
- Do you have enough space to add a pool and still keep room for a sitting area?
- Do you have the funds to properly maintain the pool each month so that it remains in good condition?
- Are pools common in your neighbourhood and in your city or town?
It’s important to understand your monthly and yearly maintenance costs so that you can be sure you’ll be able to keep the pool in good condition. Even those home buyers who are interested in having a pool will be turned off by one that’s been poorly maintained and needs a lot of repair.
When it comes right down to it, understand that adding a pool may not provide a significant increase in the overall value of your home. However, it’s really only you that can truly decide how much a pool will add to your quality of life.
Find The Right House For Your Needs With Sue Heddle Homes
Whether your family is looking for a home with a pool to help beat the heat this summer or you’re more interested in a home with an unfinished basement that you can transform into a home office, Sue Heddle Homes can help. Leave it to us to find your next ideal home or to help you list your home and sell it for top dollar. With an unparalleled commitment to our clients, you can count on us to expertly handle all your real estate needs. To learn more about the current market or to receive a free home evaluation, contact us.