A client of mine asked me if by installing a relatively expensive pool whether it would increase the value of his real-estate enough to compensate the purchase. I was mixed on the topic so I started asking around and then I realized it would be a good post for BLIP.
First, this pool is not a 'normal' pool. http://www.swimex.com/home/
They can be used both as a hot tub and pool, apparently, and dont take up much space.
Regardless, it brings up some good discussion points that I wanted some feedback on. I will put two categories, 'for' and 'against' the pool. Try to add some to my list or describe in detail why you agree, disagree.
FOR
-Kids like pools
-creates a visually appealing atmosphere for a summer sale of the house
-differentiates your house from your neighbours (at least in the Vancouver area)
-
AGAINST
-some buyers will look and see 'maintenance costs' and run
-some buyers will look and see 'hard work to maintain. I don't want to work'
-some buyers will say "I would rather have a garden to pee in or a lawn to cut'
Other considerations:
-If the neighbourhood is uppity, it should be a pro rather than a con because someone buying there won't be looking at the financial liabilities as much.
Thanks for your feedback!
B.L.I.P. Heros
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4 comments:
If he likes to swim (or doggy paddle in a tiny pool) he should buy a pool. Not everything comes down to a monetary value. Taylor, you should be ashamed letting money rule your decisions.
I see the world in one of two ways: having monetary value or having spiritual value. Let me give you two examples:
monetary value: my pipe. I have to spend $80 to replace it. That just hurts. So I keep smoking the old thing.
spiritual value: Jesus Christ. He died on a cross for me. I haven't seen you, Taylor, or you, Joe, dying on a cross for me lately. And to top it off, you can't take me to heaven.
That said, a pool, if it doesn't increase my resale value, is of no monetary value. And certainly no spiritual value.
Wait a minute! You, Taylor, are of neither spiritual nor monetary value to me either! That means....that means... there must be something else of value in this world I missed... let me think...I got it! Practical Value! I can use you like a garden tool to do my bidding. That has value. Wait...that's old skool. I must be missing something else...
Amusement! There it is! You amuse me. I laugh in your general direction. That alone has value. And that, sir, must be what you are referring to in relation to the pool. The pool is fun.
Did I miss anything else in this world that has value? Joe... you tend to be more caring and tender than us. Maybe you can shed some light.
By the way, Taylor, you never answered the simple question of whether the pool increases or decreases value. This guy wants to know! Produce! And hurry up already.
Yes...a pool increaes property value, but also costs a butload to put in and kids sometimes fall in and drown...and that's sad. you forgot about the Sad Value.
That took you 8 months to reply to. I don't even remember what we were talking about.
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