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in our experience (bought 2 homes in Phx) it added very little, value to the homes. These homes were ~20ish years old, so YMMV. Like the other posters mentioned, a pebble tec pool in a large yard offers more value than a plaster pool that needs repairs in a cramped yard. If you want one, definitely buy a home with one because installing one will cost way more $. Our experience was similar to jkgourmet, it added maybe 10K to the overall value.
A pool may add anywhere from $0 to full cost, depending on the home itself, quality of the pool and compatibility with the home, and market acceptance in the neighborhood. Prior posters have posted good examples. If AZ is a full disclosure state, go down to the tax office and do a little research. Alternately, pay $300-500 for an appraisal.
I own 4 houses in Phoenix, all with pools, and I consider that a pool is worth $10K on top of the purchase price.
I buy investment houses with pools because they are easier to rent and get a higher rental. I could dig up the figures on how much a pool adds to a rental price but it would take me 20-30 minutes to dig up the numbers. If somebody requests it I might dig them up. Maybe $50-$100 a month, guessing.
Note that a pool costs $85/month for pool service in Phoenix (price includes chemicals). That's in addition to the electricity it takes to run the filter. I have no idea how much electricity that takes but from my utility bills during vacancy I'd guess it isn't a minor expense.
It's not about me or you but about most buyers. Most buyers in areas with hot climate have pool as a must, you can use it for six months a year or all year round if heated. A pool may not add as much value as it costs but it makes homes easily sellable. I'm from Texas and it's a must in homes above $400k. People want privacy, fitness,ease of access and hygiene.
You can maintain it yourself for $30/month or get it done by someone for $100-150/per month. I would prefer to buy a house with a pool instead of putting one myself, less hassle and expense.
The OP is in Arizona, where pools are most likely desired. Area is a huge factor.
Shopping out east a house with a pool was automatically eliminated. Now in Texas it was a must have. All the houses that hit the market sold in a day if they had a pool. The price range varied from +$10,000-$40,000 up
I sold my own house 2 years ago....I put in a $40K pool, and the house sold in hours because of the pool...Limited inventory of nice homes, and almost none with a pool. I had about 6 buyers who were willing to fight over the pool. I had a small cocktail pool that was simple to care for, and it was a huge asset. The appraisal added $38,000 for the pool....The comparable property they used was a nearly identical home without a pool and it appraised for less than mine.
I am in Houston, where pools are almost a necessity for 3 months out of the year.
Good to know. We bought a house with a pool in houston and loved it for many years but are getting ready to move in 9 months to a year and I have wondered how a pool will be for selling. Its not small, and its older style but working well and in a family neighborhood. So fingers crossed it works out well for us. We can swim May-October without heating it.
I never want a pool again though, besides a small spa/pool with water resistance enclosed in a sun room :-)
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