How much value does a pool add to house price (Phoenix: for sale, appliances) - Arizona (AZ) - City-Data Forum

Movin Ed · 06-02-2007, 03:38 PM

I'm trying to get a general idea of what our house could go for. Maybe I can convince the wife it's time for a move. Two homes similar to ours just sold recently in our neighborhood but both of them had pools. We do not have a pool. They both sold within 10K of each other. We all basically have the same model, lot size, # of beds and baths, etc...

I guess it really depends on the pool size and type, but is there a rough number I could subtract to come up with our value? Our does it matter?

Thanks,
Movin Ed

Boatdrinks · 06-02-2007, 10:15 PM

Every agent I've talked to has told me you usually add 10k to the price of a house with a pool. Sometimes 15k if it's a really nice pool. So I'd probably list yours for 10k less then the houses with pools. However, you also need to consider their upgrades (cabinets, flooring, appliances, paint, etc) as well as how desperate you are to sell your house. If you have time, you might consider listing it closer to the other sold prices - maybe you'll get it.

Of course, ask your agent too. He/she should give you a realistic expectation for what you can get for it.

Good luck!!

Movin Ed · 06-04-2007, 12:54 PM

Thanks Boatdrinks,

Our house closely matches the cheaper of the two that sold. Same elevation and square footage, which indicates they had the same structural additions. Their pool was also not as nice as the house that went for 10K more. So my thinking is that ours should probably start 10K less than the home that sold for the lower price.

These two houses started out with much higher prices. Both eventually came down 10-15% before selling. And both actually sold around the same time. This indicates to me that this is a good price point for these houses. Another home similar to ours, but different elevation, just went on the market for a starting price of 85K (need to verify) less than what the cheaper of the two houses went for recently. This house has no pool and is almost 400 sq. ft. less than ours and has no front balcony, but has a really nice master bath. It seems like they're up for a quick sell.

Ed

sablebaby · 06-04-2007, 01:08 PM

Quote:

Originally Posted by Movin Ed

Thanks Boatdrinks,

Our house closely matches the cheaper of the two that sold. Same elevation and square footage, which indicates they had the same structural additions. Their pool was also not as nice as the house that went for 10K more. So my thinking is that ours should probably start 10K less than the home that sold for the lower price.

These two houses started out with much higher prices. Both eventually came down 10-15% before selling. And both actually sold around the same time. This indicates to me that this is a good price point for these houses. Another home similar to ours, but different elevation, just went on the market for a starting price of 85K (need to verify) less than what the cheaper of the two houses went for recently. This house has no pool and is almost 400 sq. ft. less than ours and has no front balcony, but has a really nice master bath. It seems like their up for a quick sell.

Ed

It seems like you may have your listing price all figured out. You sound like a smart seller and not one of those who just price it at what they want and not what the market is selling at. Good for you. The one going for $85,000 less with less sq footage sounds "about" right. If someone doesn't want that smaller space then they will seriously be looking at yours. What's the price per sq ft for yours and theirs? That's one big thing to consider.

Movin Ed · 06-04-2007, 02:23 PM

sablebaby,

The house currently for sale has a square footage price of about $135. The other two that sold recently were $142+. If I go with what I was thinking then we'll be around $140. I believe our elevation to be more popular plus we are on a better street. So I feel we could go a little higher than the one for sale now. But I could be wrong.

Ed

sablebaby · 06-04-2007, 03:46 PM

What part of Phoenix do you live? Sounds like some good deals.

Movin Ed · 06-04-2007, 04:33 PM

Quote:

Originally Posted by sablebaby

What part of Phoenix do you live? Sounds like some good deals.

Chandler.

The last 4 two story homes that sold in our neighborhood had a square footage price range of $137-142. The current one for sale is starting below that at $135. What's interesting is the single story homes had a wider range. The ones late last year were in $170-180 range but the ones from earlier this year were in the $140 range.

Ed

wit-nit · 06-04-2007, 07:26 PM

Most pools end up being a liability and a pain in the arce after a couple of years, when the novelty wears off. That's why they're for sale.
A $40,000 dollar pool only adds about $10,000 in value to a house.
Take this for what it's worth.

Movin Ed · 06-05-2007, 03:58 PM

Quote:

Originally Posted by nitram

Most pools end up being a liability and a pain in the arce after a couple of years, when the novelty wears off.

This is exactly why we don't have one and the reason we'll most likely never get one.

Ed

Ponderosa · 06-05-2007, 04:04 PM

Quote:

Originally Posted by Movin Ed

This is exactly why we don't have one and the reason we'll most likely never get one.

Ed

Some people use them and kids live in them in the summer. But I think their greatest value is they make your back yard. A backyard without a pool is boring and does not draw the eye or attention. Pools are an expensive, but effective, landscape item.