Across Australia there are around 20,000 new pools are constructed every year with the average cost of nearly $30k. Everyone knows the lifestyle benefits that adding a swimming pool with provide but at Professionals Wanneroo we discuss whether or not it will add monetary value to your property.
Property Terrain
In ground polls tend to be the most cost effective & beneficial solution only on a flat block. Compare this to a property with significant terrain or hills in the desired area, then quite often the cost will outweigh the benefit.
Access for Machinery
Another thing that at first glance is often neglected is the level of access for machinery and equipment has on the overall cost of the project. Be sure to effectively include these two considerations when estimated the cost v benefit of the development.
Area of Desired Pool
Another key consideration is ensuring the pool is a complementary addition to the desired space and that it does not dominate your outdoor space. Too often at Professionals Wanneroo we see pool addition leave backyards with little or no yard. It is most likely to add value to your home if the pool is well landscaped and integrated into the design of the property. Just like your home, the presentation and maintenance of your pool will go a long way to determining how much of an asset it is when it comes time to sell.
Level of Care
A mistreated pool can negatively affect the value of your home compared to an aesthetically appealing space. When listing a well curated pool area can be a statement piece that enhances the overall value of the home. A pool should always complement the property rather than take attention away from it.
Compliance
Its absolutely critical when inserting a pool into any yard that all developments comply with the necessary standards and regulations. A non-compliant pool can result in the loss of a sale at selling time.
Local Market
Please also take into consideration whether the project will over capitalise the home. So before making a decision, look at the local market and talk to a local real estate agent about how much a pool may (or may not) be worth when it comes time to sell.
Call the Professionals Wanneroo team on 9306 1111 if you would like one of our friendly staff to conduct a free market appraisal of your home and assist you in determining how a pool might impact on the value of your home.
Professionals Wanneroo located in the heart of Wanneroo services the entire region with a particular focus on suburbs including Wanneroo, Ashby, Pearsall, Hocking, Sinagra, Tapping, Carramar.