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The Houston Chronicle Ask...and I answered. You might have seen this article in the newspaper on April 7th.
Q. How much value does having a swimming pool add to a home? Or does it add any value at all?
Like everything else real estate related this is something that will vary by individual micro market. The Houston area has 25+ micro markets including; The Woodlands, Kingwood, Cypress, Katy, Pearland, Galleria, Downtown, Memorial, etc. In The Woodlands you can usually get $25,000-$30,000 more if the property has a pool. Current trends tell me that homes in The Woodlands between 2000-2500 sq. ft. are listed for an average of $111 with a pool and $94 without a pool. The trend also tells me that homes in The Woodlands between 2500-4000 sq. ft. are listed for an average of $123 with a pool and $116 without a pool.
Of course the value a pool brings to the home is usually half or even less than half of what is spent on the pool so I would never recommend a seller put in a pool just prior to selling and buying a home that already has a pool is going to be the best deal for a buyer.
So to answer your question, yes it does add value but the value will vary between each micro market within the Houston metropolitan area and the micro markets within those markets that have varying prices & sizes of homes. Katie Cooper
Buying or Selling? Relocating to, from, or throughout The Woodlands, Conroe, Spring, Magnolia, Tomball, Montgomery, Lake Conroe, Kingwood, or Cypress? I’d be happy to assist you with your next real estate move. Call or email me today!
832.797.3092
Check out my website:
www.TheKatieCooperTeam.com
Katie E.Cooper
