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Not a pro in this but we wanted a pool with our home and our agent insisted on finding a home with a pool because it's hard to recover the investment of having the pool installed. We got a great home with a pool for the same price as another home we liked. If you plan to live there for 10 years, that's different and do what you want. Best wishes!
B.
I can tell you that regardless of how much you spend on putting in your pool $16,000 or $40,000 really won't matter because pools to not add value to your home. An appraiser or a Realtor doing a CMA will only allot, at the most $4,000 credit for the pool. Pools are for your on personal enjoyment, but when you get ready to sell, a potential buyer may love your house, but the pool may be the one thing that turns them away. And, on occasion the opposite can happen, but rarely. I have had clients who fell in love with a pool and the beautiful landscaping, hot tub, Cabana, etc., but thought the house was just "ok". They ended up buying the house because they knew they could change the cosmetic things inside the home didn't like. They bought it for the pool!!
A pool is a nicety, not a necessity. They only add value to a house if someone is looking for a house with a pool. We did a lot of research into a pool for our house and decided when all was said and done, not to do it. After much leg work, stay away from a vinyl pool, concrete was very expensive, prefab was the most logical and economic. With installation, filters, etc, came to around $15k. Concrete was almost $40k. Vinyl we could not have done because we have a dog and would have ripped the vinyl everytime she would have climbed out.
We joined a club with a swim team and our neighbors have pools.
If you are in any kind of subdivision (neighborhood) and you have a Homeowners' Association, check with them about the Bi-Laws b/c some prohibit above-ground pools and possibly all pools. We wanted a neighborhood that would allow an above-ground pool and our agent knew that we wouldn't buy in this particular Ryan subdivision unless we could have one. He gave us a copy of the Bi-Laws and said he didn't see anything in there stating that we couldn't have one. I read over the bi-laws twice and thought okay, looks good. Well, 6 months after we moved in I found out through the HOA president that above-ground pools were actually considered "temporary structures" the same as sheds, certain fences, shrubs, etc., and that they were not allowed.
My point is, if you have a HOA, check with someone on the Board. They have some very strict rules about what can and can't be done in your subdivision.
So I may be finally putting an offer (they can't refuse..LOL) on a house.
It has a big yard and i may put a pool in their if the price does not scare me off completely.
#1. What would be the average price of a, say 16x20 vinyl pool in charlotte?
#2. How much %age can i recover when time comes to sell?
Thanks everyone for your inputs! This is a great forum..
You won't be able to fill it with the current drought restrictions in place. New pools cannot be filled. So many Charlotte neighborhoods have great swim clubs that people prefer over their own pools because there's no maintenance and the kids have someone to play with. Consider a house in a hood with a swim club. That's how we met all of our friends.
You won't be able to fill it with the current drought restrictions in place. New pools cannot be filled. So many Charlotte neighborhoods have great swim clubs that people prefer over their own pools because there's no maintenance and the kids have someone to play with. Consider a house in a hood with a swim club. That's how we met all of our friends.
Pardon my ignorance but does it hold true even for house with wells...this one has a well...
AND thanks everyone for your suggestions and advice
It depends where you live. We lived in FL and CA and pools do add value to the property value. We just built a pool with spa last year in CA included a solar heater, pebble tech and salt water system. I guess in Charlotte it might not be as valuable because the swimming season is short? Or any other reasons? We would like to build a pool in a new home in Charlotte as well.
No pools dont add value to a home...if your talkin dollars and cents..We put in an inground pool in NJ with stamped concrete and landscaping...knowing it wasnt going to add value but it was what we wanted and the buyers of our home only wanted a home with a pool however they werent going to pay MORE for the house because it had one, then we asked the Appraiser and since I was a Realtor in NJ I knew we werent seeing that money back.
One of my neighbors in back of me filled in their pool & grassed it over to have a larger yard.
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