Do Pools Add Value to Your Arizona Home?
Arizona is known as one of the hottest desert states in the U.S., and as such, it's no surprise that many want the perfect place to escape the scorching heat. One popular option for beating the sun is having a backyard pool.
If you're living in Arizona, you've probably heard that having a pool is a must if you want to add value to your home. But will a pool add value to your home? Or is it a waste of time and money?
In this article, we will explore in-depth the benefits of adding a pool to your property, whether it can significantly increase the value of your home or have the opposite effect.
So, whether you're interested in building a pool and curious about what the potential benefits could be, keep on reading to see if adding a pool is the right choice for your Arizona home.
The Facts
I know you are probably dreaming of relaxing in a lovely blue pool and imagining the amount of value you will be adding to your home.
Well, before you get too excited, let me stop you right there and give you a reality check.
Unfortunately, you are never going to get that money back dollar for dollar.
What does this mean? Well, let me break it down for you.
If the pool costs $50,000, it doesn't mean your home value will be $50,000 more. The cost to add a pool will be higher than the amount of value it provides.
On top of the cost to install it, you also have to keep in mind the extra maintenance costs to keep it looking great.
But what value does it provide?
What the National Association of Realtors Says
The National Association of Realtors says that adding a pool can add from 5% to 8% to the home value in Arizona.
Now, although that doesn't sound like much, the high price of real estate in Arizona can translate to tens of thousands of dollars.
However, this increase in value depends on whether your pool is well-maintained and beautifully designed, as well as where your home is located.
All in all, the maintenance and quality of your pool matter a lot when it comes to your home value in Arizona. Think about it, if you have a pool that has been resurfaced, is regularly maintained, and looks top quality, it's more likely that potential buyers would be really impressed.
In comparison, if you have a pool that is poorly maintained, buyers will look at it as an added expense, and they may lose all interest in making an offer on your home.
Building a quality pool requires lots of careful planning and consideration. Make sure to work with a reputable pool contractor in your area who can design and construct a pool that meets your exact needs and budget while ensuring to keep all safety procedures.
On top of this, you'll need to make sure that you fully understand the maintenance requirements of owning a pool so you can keep it in the best possible condition for many years to come.
Location Matters
We all know that Arizona is a fantastic place. But facts are facts – not all places in Arizona are created equal.
In Northern Arizona, where it's cooler and not as warm, you won't see the benefit of having a pool as much as a home in hot Glendale, for example.
Why not take it a step further? Let's say there's a home with a pool for sale in Scottsdale, Arizona, and Glendale, Arizona. Generally speaking, the Scottsdale home is likely to have a higher value due to the tourism traffic and more people wanting to rent out homes with pools in that area compared to Glendale.
So, market trends for different areas are all extremely important when it comes to increasing your home value in Arizona.
Here's a quick tip: Take a look around and see if any of your neighbors have pools. This is often a good indication as to whether there are lots of buyers searching your area for homes with pools.
Will You Add a Pool?
Here are three questions to ask yourself if adding a pool is correct for you:
Will you be using your pool often?
Is it within your means and budget?
Will it improve your quality of life?
If you answered yes to all three, you should definitely add a pool to your home.
Although it won't increase your home value too much, you will be investing in you and your family's happiness and overall quality of life. And let's be honest, who doesn't want to relax in a pool on a hot summer's day?
So there you have it. A pool can add great value, although not as much as you were probably expecting. The best reason for having a pool is if you can see yourself and your family using it all the time rather than seeing it as an investment.
It's also a great way to improve your outdoor living space and stay healthy and relaxed! So, if you're thinking about building a pool and getting a lot of use out of it, go ahead!
Need Expert Advice?
If you're still unsure about whether to add a pool or not and whether it will increase your home value or not, talk to me today, and I'd gladly help.
I have a large amount of experience working in the Arizona real estate industry, and I've lived here all my life, so I know the area like the back of my hand. My team and I are more than happy to give you a free home valuation estimate of your home and answer any questions you may have about the Arizona real estate market.
Stephanie Hernandez
realtor@stephaniehernandez.com
