A common question by people planning to add a swimming pool to their home is: Does an indoor swimming pool add value to a house? We look at the average costs of adding an indoor swimming pool and how it can increase your home value.
Average swimming pool costs the UK
Swimming pools can be quite pricey, but the cost can be influenced by the size and accessibility of the project. An average cost for a swimming pool can be between £60,000 to £150,000.
Does an outdoor pool detract value from your home?
Not all people feel like having a swimming pool in their new home. Some do, and some don't, and this can depend on the buyer. Having an outdoor swimming pool can detract value from your home as there may be more maintenance and other costs associated with outdoor swimming pools.
The outdoor swimming pool can have restricted use, such as weather conditions and the time of year. Which, if you have spent a lot of money, you don't want to have.
Outdoor pools are somewhat sought after but whether the pool you are adding is good enough to increase the value of your home by a noticeable margin is not something you can really predict with reasonable certainty.
Indoor swimming pools usually cost around £25,000 more than outdoor off the bat but can have many more uses, and the maintenance is much less with indoor.
With all that being said, whether an outdoor swimming pool will increase the value of your home will depend on its accessibility and the right buyers. If you find potential buyers who want an indoor swimming pool or don't wish for one in general, then this will detract value from your home in their eyes.
Is an Indoor pool more desirable than an outdoor pool?
Indoor pools are generally more desirable than outdoor due to the usage being much higher and not restricted by weather conditions, temperature, etc. The indoor pool can be used all year round, unlike an outdoor where it is limited.
Although some are looking for swimming pools outside for those few days of sunshine, it can take value away from your home rather than adding it with many other possible buyers who wish to have an indoor swimming pool.
The price is also important with an indoor pool as you should not overpay for a swimming pool. Even though you are paying more for an indoor pool, you need to understand whether the extensions you are adding will benefit the house value if or when you decide to sell, such as being cost-effective and usable.
Although there are more benefits to an indoor swimming pool and an outdoor pool, you need to understand that running costs are important to note when installing either pool.
If you are unsure whether an indoor pool is better, you could ask for advice from estate agents in the area to better understand the market in your general location.
Things to consider when installing a swimming pool...
Who is in the market to buy a home?
As you might have guessed, finding the right buyer for your home is important if you want to get the most value out of your property.
If the buyer is someone looking for a swimming pool in their home, this will most likely add value to your home as they will think it saves them time and money adding a swimming pool to their property themselves.
If the buyer is not looking for a property with a swimming pool, they may be unhappy with the property, and they are unwilling to pay extra for the house and swimming pool.
As said, getting the right buyer for your home is important if you want the extra cash.
When are you planning on selling your home?
A swimming pool is bought not just for enjoyment but also as an investment into the overall value of your home. Whether the swimming pool is a good investment to spend depends on your location, how much it will be used and the buyer.
It may be a good idea to increase your house price near enough to the amount you spent on the swimming pool. However, this will not always work.
Installing something like a swim spa may not seem too good to some. However, this can be good if you feel like having one outside or planning to move soon. The good thing about a swim spa is you can move it with little fuss and damage.
If you do not see moving house in your future, there is little need to worry about what others think and choose what is best for you. Whether that be a swimming pool (indoor or outdoor) or anything else, the choice is entirely up to you as this is your home.
How well is the swimming pool maintained?
The maintenance of swimming pools is essential for buyers and owners of the property.
For the owners, the swimming pool would likely be a lot of money and not maintaining it will reduce its value and eventually make it unusable. This is something that no one wants, especially for the cost of installation.
For the property buyers, if you are deliberately looking for a nice swimming pool but find a poorly maintained pool that barely works, this will be a big disappointment and might take some time and money to have it fixed if they took the house is. This will greatly reduce the likelihood of them buying this house as it will not meet their requirements.
Although many of these things that will be found can eventually be fixed, the cost and time it will take won't make it worthwhile in the long run, especially if the price is too high. For a swimming pool to maintain its value over time, it must be maintained and have servicing properly done.
Does an indoor swimming pool add value to a house?
In the grand scheme of things, whether an indoor swimming pool adds value to your house completely depends on the buyer's opinion and their requirements for the house they are looking for.
In many situations, an indoor swimming pool does add value to a house as long as the pool is properly maintained and in good working order. An indoor swimming pool can be used much more than outside swimming pools and provides a place to relax for the owners.
It would help if you kept in mind that having an indoor swimming pool is usually a better choice for accessibility and privacy. Still, the value of your home can also depend on other factors that are not related to your pool altogether.
If you are looking for indoor swimming pool construction in the Dalkeith and Midlothian area contact us today on Indoor Pool Experts to discuss your project.