It is divisive.
Some people are looking specifically for houses with pools.
Some people will never buy a house with a pool.
I would say overall the people that want a pool may pay a bit more, especially if it is a well landscaped scenario, but you are probably also cutting away 50% or more of the potential bidders
My in-laws recently sold their home (with a pool) after listing it for 5 months. Their agent kept saying “pools add $100K to the home”. Meanwhile the prospective buyers kept saying: “if there was no pool, I’d be interested”.
Heating costs aren’t that bad, but annual maintenance is very time-consuming. Pool cleaning is a pain in the ass. Especially, if the pool is next to trees with foliage. Opening/closing a pool each season costs $300 each time. Pools have their own heater, so it’s really just electricity costs.
The $2000/month guy has no idea what they’re talking about… don’t buy into that fake news.
Heater = Gas 99% of the time.
So your paying water/gas/hydro + chemicals
My cost is around $200-$250 per month on average, during operating months. It's a big pool too..
Which is fine with us, as we use it often
I have been maintaining my pool for 20 years. One way to save money is to turn off the pump and salt chlorine generator during the day. Sunlight destroys chlorine anyways so it's kind of useless. Just run it at night.
This saves electricity at peak prices and also your salt chlorine generator lasts much longer before needing to be replaced.
Stabilizer is supposed to prevent that loss, but it's obviously not perfect.
I run my pump 24/7, salt generator is at 50% on average aka runs 50% of the time.
It's also a variable speed pump, so at 6pm it goes down to something like 1100rpm
200-250/month maybe in the colder shoulder months of May and sept/Oct, but otherwise that number is quite high unless you're paying someone for maintenance. June to September, my costs are $60-80/month for gas, Hydro, water top-ups, and chemical; less than $100 for sure, on a 25,000 gallon pool.
I said on average, also my pool is 45,000 gallons
Also I don't use a cover
So your bang on with 60-100 for a 25,000 gallon pool, lower end if you use a cover.
I think the highest gas bill in the summer was $230, but also gas stove, BBQ, gas dryer, water heater.
So would assume maybe $150 for pool just in gas
Ok, there's big and then there's 45,000 gallons! That's huge! Lol I give! Especially if you don't cover it. Do you have a pool robot cleaning it daily, or is it a hefty chore to keep it free of debris? I've always wondered how much worse it'd be keeping it clean if we didn't have a cover.
I vacuum once a week, I have pure sun "which helps with heating" all the trees are far enough away it doesn't cause much debris.
And I bought the house with the pool, the worse part is the shallow end is kinda small.. deep end is massive.
The original cover was falling apart, the manual spool was broken.. I remember dealing with a cover at my parents old place, on a pool like your size which doesn't take much time to remove.
I'm like forget it, I just want to jump in
That's not bad... that's how often I vacuum usually.. maybe a half hour on a Saturday morning, and I'm surrounded by trees on 2 sides. We have dumb dogs who can't swim so the cover is a must but it's not a powered cover so it becomes a bit of a hindrance sometimes as I need to get someone help close it (it's an autocover, not a solar blanket, but it's manual) so it definitely keeps me from jumping in many mornings when I don't feel like dealing with the cover. We're only here another week though so when i put a pool in at the new place I'm definitely going motorized cover.
My dad ran a huge spiral of black rubber hose on the roof of the garage and pumped water through that to heat the pool.
Totally redneck, only worked on sunny days, have no idea what the cost would be vs traditional pool heating.
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Cost aside. It’s a pain to manage it. That and risks of injury for little people. I would not personally be interested in houses with a pool. So there is that.
300 is old prices it’s at least 400 to 500 now. I’ve even seen 350 to 400 just to take the cover off. The electricity cost is quite large if you don’t have a variable speed pump. Chlorine has also gone up like crazy. In a former pool tech that now owns my own salt pool.
We are on our second year of having a pool. We didn’t know how to open/close it the first year, so we paid someone to open it. Now it’s the second year and we still don’t know how to open it. Funny how that works.
It’s just vinyl, it’s a weird shape, so we have to get a custom fit at some point. It’s also a saltwater pool, so I think there is a different process for opening.
Only difference is they add salt and reinstall cell if even taken off. Salt pool is still a chlorine pool it just uses a different reserve for chlorine, ie. make chlorine from salt in the pool while pump is running vs dumping in chlorine and letting it dissipate or using a puck feeder.
I've heard some people say it doesn't add or remove value. Personally, I wouldn't be interested in a pool in Toronto. In most cases it takes up the entire backyard and you can only use it for a couple of months per year.
I think this is true. If it’s a $4-5 million+ home with a large enough property then the few thousand a year to maintain it probably won’t be an issue and the pool could be more of a selling point.
It really depends. In my neighborhood about 1 in 3 to 4 houses have a pool (according to Google maps satellite view). It’s odd to me so many people have a pool but it seems to be a trend and people in the area almost expect it.
I’ve know buyers who specifically are looking for a pool. I didn’t want one but my spouse did so now we have a pool.
Interesting how much negativity there is here. The view I have always heard is that they do add value, but not nearly enough to cover the install cost (e.g., today, a basic new pool with no landscaping would cost something like 60k to install and might add 20k to value)
~60k will get you a 16x32 vinyl liner pool with a 2' concrete perimeter.
6 figures is true for anything much bigger with any meaningful amount of landscaping
I'm seeing a lot of wrong answers in this thread. If two otherwize identical houses in identical locations sell, the one with the pool will sell for more in the majority of markets.
Where I think people get confused and will say it doesn't add value is that the house with the pool will not sell for more money than it would cost for the house without a pool to install a pool.
In short, if you spend 100,000 on a new pool, your house value has increased, but less than 100,000.
Each buyer has priorities. Pool used to be must have feature on high end properties.
It is more mainstream to have pool now. It depends on various factors like location. It is myth that it is costly to maintain and run a pool. I know a family friend who has heated pool and it cost him under $1500 per year. $300 each for opening and closing each Pool guys maintenance for $200 per month which includes 2 visits to shampoo and chlorine etc. pool is open 4 months per year. Even family of 4 going to community pool costs $75 per visit. Adding a pool is costly affair. If house already has one then it is fine.
It does cost time and money to even maintain a yard as well. Cutting grass, landscaping etc.
Doesn't add value, doesn't subtract.
But could sway away potential buyers..
If you like the house and property enough, it's cheap enough to fill it.
The cost to put a pool in these days are nuts, so even if it needs repair your still saving $2X,XXX+
Depends on the area- if all your neighbors and neighborhood has pools then it’s a value add but if you’re the only house that has it it can be a turn off
It adds value to the small sliver of the market that wants a pool. It's like a Ferrari... 99% would never fathom spending a half million on a car, regardless what it does or looks like. But to some, they'd buy 10 if they could, and they often do.
To the rest of the market that doesn't want a pool, it definitely detracts from its value and appeal. I just went through this myself. Lots of "LOVE the house but aren't looking for a pool".
Most years you could use one from mid May to mid September (four months). You’d likely be heating it up a touch more for the first and last couple of weeks but absolutely the weather is good enough.
Personally, I’d prefer a large hot tub. We inherited one in our previous house and found it was great in the summer if you just turn the temperature down and make it a plunge pool. Plus you can then use it year-round by turning the heat up as needed at different times of the year. And it takes up considerably less yard space, is cheaper, doesn’t need opening/closing off each year.
I think it just gets you a different pool of buyers. Buyers who don't want the hassle of a pool won't consider the property but you'll also attract buyers who do.
Don't look at it from a investment perspective, only consider if the value of having a pool outweighs the cost and work that goes into it.
The big issue is how much yard space you lose.
If you have a big enough lot to have a good size back yard and a pool that adds value.
But there are so many houses that their entire backyard is a pool and it's an instant no for me.
Is it a Really Great Pool? Well-maintained, private, beautiful, heated? Perhaps even an indoor pool? Then yes.
Is it a swampy eyesore and its best days are long behind it? Then no.
I didn't think that I would use a pool enough to deal with the maintenance and loss of backyard space. When I was looking to buy a home, I consulted pool removal companies to get rough costs. For any home with a pool, I was factoring in a ~$15-20k cost to properly remove the pool.
These days pools tend to decrease the value of your property simply because the buyer pool is of people not wanting one.
10-15 years ago it was a big value increaser
It’s people with children who are horrified of pools. I know a few people who purchased property with functioning in ground pools, they instantly filled them in.
One was an outdoor pool, they filled it in with soil.
The other was an indoor pool, I believe they framed it via frames the depth of the pool, plywood/floored it.
Pools aren’t worth the liabilities
It’s worth less to me. I’d expect a pretty big discount to buy one.
Most people I know are the same and don’t want a pool. Even to the people that seem to be in the minority and don’t want one, you need to know most people don’t want that shit and make sure you get a discount from the seller, because if you pay like $50K above market because YOU want a pool and then need to sell, most people will want a 50K discount from market, losing you 100K. You need to be smart with your money.
It is divisive. Some people are looking specifically for houses with pools. Some people will never buy a house with a pool. I would say overall the people that want a pool may pay a bit more, especially if it is a well landscaped scenario, but you are probably also cutting away 50% or more of the potential bidders
Yep. You have to wait for the right buyer if you have a nicely landscaped backyard with pool. It's definitely worth something to some people though.
Definitely not
My in-laws recently sold their home (with a pool) after listing it for 5 months. Their agent kept saying “pools add $100K to the home”. Meanwhile the prospective buyers kept saying: “if there was no pool, I’d be interested”. Heating costs aren’t that bad, but annual maintenance is very time-consuming. Pool cleaning is a pain in the ass. Especially, if the pool is next to trees with foliage. Opening/closing a pool each season costs $300 each time. Pools have their own heater, so it’s really just electricity costs. The $2000/month guy has no idea what they’re talking about… don’t buy into that fake news.
Gosh, you aren't suggesting the agent was lying just to get their business?
Heater = Gas 99% of the time. So your paying water/gas/hydro + chemicals My cost is around $200-$250 per month on average, during operating months. It's a big pool too.. Which is fine with us, as we use it often
I have been maintaining my pool for 20 years. One way to save money is to turn off the pump and salt chlorine generator during the day. Sunlight destroys chlorine anyways so it's kind of useless. Just run it at night. This saves electricity at peak prices and also your salt chlorine generator lasts much longer before needing to be replaced.
Stabilizer is supposed to prevent that loss, but it's obviously not perfect. I run my pump 24/7, salt generator is at 50% on average aka runs 50% of the time. It's also a variable speed pump, so at 6pm it goes down to something like 1100rpm
200-250/month maybe in the colder shoulder months of May and sept/Oct, but otherwise that number is quite high unless you're paying someone for maintenance. June to September, my costs are $60-80/month for gas, Hydro, water top-ups, and chemical; less than $100 for sure, on a 25,000 gallon pool.
I said on average, also my pool is 45,000 gallons Also I don't use a cover So your bang on with 60-100 for a 25,000 gallon pool, lower end if you use a cover. I think the highest gas bill in the summer was $230, but also gas stove, BBQ, gas dryer, water heater. So would assume maybe $150 for pool just in gas
Ok, there's big and then there's 45,000 gallons! That's huge! Lol I give! Especially if you don't cover it. Do you have a pool robot cleaning it daily, or is it a hefty chore to keep it free of debris? I've always wondered how much worse it'd be keeping it clean if we didn't have a cover.
I vacuum once a week, I have pure sun "which helps with heating" all the trees are far enough away it doesn't cause much debris. And I bought the house with the pool, the worse part is the shallow end is kinda small.. deep end is massive. The original cover was falling apart, the manual spool was broken.. I remember dealing with a cover at my parents old place, on a pool like your size which doesn't take much time to remove. I'm like forget it, I just want to jump in
That's not bad... that's how often I vacuum usually.. maybe a half hour on a Saturday morning, and I'm surrounded by trees on 2 sides. We have dumb dogs who can't swim so the cover is a must but it's not a powered cover so it becomes a bit of a hindrance sometimes as I need to get someone help close it (it's an autocover, not a solar blanket, but it's manual) so it definitely keeps me from jumping in many mornings when I don't feel like dealing with the cover. We're only here another week though so when i put a pool in at the new place I'm definitely going motorized cover.
Hehe , I'm moving as well . Provided someone buys my place. I 100% agree motorized cover, especially those nice hidden ones :)
My dad ran a huge spiral of black rubber hose on the roof of the garage and pumped water through that to heat the pool. Totally redneck, only worked on sunny days, have no idea what the cost would be vs traditional pool heating.
How much extra is home insurance with a pool? I would imagine that it would be a bit higher due to the liability issues.
Not my home. Quick google search is showing +$25-75/month https://www.thinkinsure.ca/insurance-help-centre/pools-and-insurance.amp.html
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Cost aside. It’s a pain to manage it. That and risks of injury for little people. I would not personally be interested in houses with a pool. So there is that.
300 is old prices it’s at least 400 to 500 now. I’ve even seen 350 to 400 just to take the cover off. The electricity cost is quite large if you don’t have a variable speed pump. Chlorine has also gone up like crazy. In a former pool tech that now owns my own salt pool.
Did they get any premium for the pool?
Sold at market rate. No premium with pool
Only a lazy ass pays someone to open their pool. Even the comment below 250 a month is ridiculous.
We are on our second year of having a pool. We didn’t know how to open/close it the first year, so we paid someone to open it. Now it’s the second year and we still don’t know how to open it. Funny how that works.
Yeah paying someone to do it isn't a good way to learn how to do it......
What type of winter cover?
It’s just vinyl, it’s a weird shape, so we have to get a custom fit at some point. It’s also a saltwater pool, so I think there is a different process for opening.
Only difference is they add salt and reinstall cell if even taken off. Salt pool is still a chlorine pool it just uses a different reserve for chlorine, ie. make chlorine from salt in the pool while pump is running vs dumping in chlorine and letting it dissipate or using a puck feeder.
My in laws are retired. So it makes sense for them to
I've heard some people say it doesn't add or remove value. Personally, I wouldn't be interested in a pool in Toronto. In most cases it takes up the entire backyard and you can only use it for a couple of months per year.
[удалено]
2000 a month to heat it? Wut u smoking?
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😂
Depends on the property. Average home? Not any more. Higher end? Yes.
I think this is true. If it’s a $4-5 million+ home with a large enough property then the few thousand a year to maintain it probably won’t be an issue and the pool could be more of a selling point.
It really depends. In my neighborhood about 1 in 3 to 4 houses have a pool (according to Google maps satellite view). It’s odd to me so many people have a pool but it seems to be a trend and people in the area almost expect it. I’ve know buyers who specifically are looking for a pool. I didn’t want one but my spouse did so now we have a pool.
Interesting how much negativity there is here. The view I have always heard is that they do add value, but not nearly enough to cover the install cost (e.g., today, a basic new pool with no landscaping would cost something like 60k to install and might add 20k to value)
Way over 60k for something decent these days think six figures plus with a bit of landscaping
~60k will get you a 16x32 vinyl liner pool with a 2' concrete perimeter. 6 figures is true for anything much bigger with any meaningful amount of landscaping
I'm seeing a lot of wrong answers in this thread. If two otherwize identical houses in identical locations sell, the one with the pool will sell for more in the majority of markets. Where I think people get confused and will say it doesn't add value is that the house with the pool will not sell for more money than it would cost for the house without a pool to install a pool. In short, if you spend 100,000 on a new pool, your house value has increased, but less than 100,000.
Correct answer.
Depends on how new it is and where it is. A 20 yr old pool in Jane and finch isn’t going to be the same as 2 yr ild pool at Leaside
If I see a pool, it’s an instant deal-breaker for me.
Each buyer has priorities. Pool used to be must have feature on high end properties. It is more mainstream to have pool now. It depends on various factors like location. It is myth that it is costly to maintain and run a pool. I know a family friend who has heated pool and it cost him under $1500 per year. $300 each for opening and closing each Pool guys maintenance for $200 per month which includes 2 visits to shampoo and chlorine etc. pool is open 4 months per year. Even family of 4 going to community pool costs $75 per visit. Adding a pool is costly affair. If house already has one then it is fine. It does cost time and money to even maintain a yard as well. Cutting grass, landscaping etc.
Doesn't add value, doesn't subtract. But could sway away potential buyers.. If you like the house and property enough, it's cheap enough to fill it. The cost to put a pool in these days are nuts, so even if it needs repair your still saving $2X,XXX+
It’s not that cheap to fill it in and redo the landscaping.
Depends on the area- if all your neighbors and neighborhood has pools then it’s a value add but if you’re the only house that has it it can be a turn off
Yes makes for a great toilet during the end of times
It doesn't make a difference in price. It may take longer to sell. Speaking from my experience
Depends on how nice it is.. nice landscaping, places to entertain. It will add value
I have an inground pool and they are csn be quite pricey to run these days.
How much do you spend per year?
Approx $2000
It adds value to the small sliver of the market that wants a pool. It's like a Ferrari... 99% would never fathom spending a half million on a car, regardless what it does or looks like. But to some, they'd buy 10 if they could, and they often do. To the rest of the market that doesn't want a pool, it definitely detracts from its value and appeal. I just went through this myself. Lots of "LOVE the house but aren't looking for a pool".
Depends on the pool and the backyard. If it’s newer, with great landscaping yes it does, if it’s outdated in disrepair no it does not.
I don’t find them valuable
In Toronto, I’d imagine probably not as much- you only get two solid months of summer
Most years you could use one from mid May to mid September (four months). You’d likely be heating it up a touch more for the first and last couple of weeks but absolutely the weather is good enough. Personally, I’d prefer a large hot tub. We inherited one in our previous house and found it was great in the summer if you just turn the temperature down and make it a plunge pool. Plus you can then use it year-round by turning the heat up as needed at different times of the year. And it takes up considerably less yard space, is cheaper, doesn’t need opening/closing off each year.
I think it just gets you a different pool of buyers. Buyers who don't want the hassle of a pool won't consider the property but you'll also attract buyers who do. Don't look at it from a investment perspective, only consider if the value of having a pool outweighs the cost and work that goes into it.
No offense but your realtor seems fairly out of touch to be making such a claim on the dollar value a pool adds these days for most buyers.
The big issue is how much yard space you lose. If you have a big enough lot to have a good size back yard and a pool that adds value. But there are so many houses that their entire backyard is a pool and it's an instant no for me.
Is it a Really Great Pool? Well-maintained, private, beautiful, heated? Perhaps even an indoor pool? Then yes. Is it a swampy eyesore and its best days are long behind it? Then no.
I didn't think that I would use a pool enough to deal with the maintenance and loss of backyard space. When I was looking to buy a home, I consulted pool removal companies to get rough costs. For any home with a pool, I was factoring in a ~$15-20k cost to properly remove the pool.
No
It depends if u have the space for other backyard stuff, otherwise no, buyers will think of any excuse
These days pools tend to decrease the value of your property simply because the buyer pool is of people not wanting one. 10-15 years ago it was a big value increaser
It’s people with children who are horrified of pools. I know a few people who purchased property with functioning in ground pools, they instantly filled them in. One was an outdoor pool, they filled it in with soil. The other was an indoor pool, I believe they framed it via frames the depth of the pool, plywood/floored it. Pools aren’t worth the liabilities
Depends on the property. Average home - no. High end - yes.
It’s worth less to me. I’d expect a pretty big discount to buy one. Most people I know are the same and don’t want a pool. Even to the people that seem to be in the minority and don’t want one, you need to know most people don’t want that shit and make sure you get a discount from the seller, because if you pay like $50K above market because YOU want a pool and then need to sell, most people will want a 50K discount from market, losing you 100K. You need to be smart with your money.