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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  September 8, 2006  |   Do Pools Add or Subtract Value to Houses?
Pool installations have increased in recent years, according to the Association of Pool & Spa Professionals, and many homeowners further enhance their backyards with decks and outdoor kitchens.

The number of in-ground pools nationwide jumped to 4.7 million in 2005 from 4.3 million in 2002, while the number of above-ground pools rose to 3.6 million from 3.4 million over the same time span.

Some real estate professionals caution against installing in-ground pools because they might deter future buyers who do not want to deal with maintenance, but others insist that it is difficult to sell a pool-less home in areas like Arizona and Florida, where this amenity is popular.

The NATIONAL ASSOCIATION OF REALTORS® says above-ground pools do not enhance resale value, nor do they hinder sales because owners can easily remove them. However, the trade group reports that in-ground pools boost a home's resale value by an average of 7.7 percent.

Wallace Perry of Coldwell Banker United, REALTORS®, says sellers typical recoup 50 percent of their investment at the time of resale. However, owners of homes in the $200,000-or-less price range could find it difficult to sell with an in-ground pool, he says.

--News-Press, Fla. (09/07/2006)

© Copyright 2006 Information Inc.

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