Are you looking for ways to increase the value of your property? If you intend to sell, certain additions and landscaping features can significantly boost the value of the property, make it appealing to potential buyers and eventually earn you more money. One of the investments that most homeowners consider is a pool. However, how do you determine whether it's a worthy investment?
Below are some of the critical factors to consider before constructing a swimming pool to add value to your property.
Do Homes in Your Area Have a Pool?
Before installing a pool to increase property value, find out whether other homes in your area have a pool. Property prices remain within the same range in the same neighbourhood. This is due to the location aspect. Thus, no matter how much you improve a property, you cannot price it significantly above the prevailing prices in your area. Doing so will only push away prospective buyers.
If homes in your neighbourhood have a pool, adding one in your backyard can add property value and give you a good return on investment. The presence of pools shows that it's a necessity in the area, and this will attract potential buyers. However, if other homes don't have a pool, adding one may not earn you the expected returns, as potential buyers may not be willing to pay the price.
What's the Climate of Your Area?
The climatic conditions in your area determine whether it makes sense to add a pool. Australia is a huge country, and climatic conditions vary. For example, the northern part has a more tropical climate, while the southern one is much cooler. If you live in the tropical part of the country, you can use the pool most of the year, as even the winters are quite warm and dry.
However, if most of the year is cool, the pool wouldn't be of much use. Most buyers would not find it a valuable investment worth a high price tag. What's more, it would require heating to be used regularly, and this would increase heating costs in the home.
What's Your Pool Design?
Not just any pool design will add value to your property. Today, buyers want homes with contemporary pool designs that reflect modern constructions. These include pools with features such as the following:
- Energy-efficient fixtures
- Dark interiors
- Built-in ledges and bars
- Landscaping features such as raised retaining walls
- Smart pool lighting
- Custom shapes and sizes
These pool features attract buyers and are likely to add more value to your property as compared to the traditional pool designs. Thus, as you build your pool, look at the prevailing trends, and work with an experienced designer to create a modern one.
A pool is a great investment that can add value to your home and earn you returns on your investment. Hire an experienced contractor to build a functional and appealing pool that will increase the value of your home.
For more information about pool builders, contact a local resource.