How a pool can increase your property value by up to $200,000
March 31, 2021
A swimming pool has been an iconic staple of a quintessential Australian household.
According to the 2018 Roy Morgan Survey, 13% of Australian households own a swimming pool, which translates to a staggering 2.7 million pools. To put that into perspective, Statista estimates that there were 9.2 million Australian households in 2016.
In 2018, there were approximately 4.7 million Australians living in Sydney which means there are over 700,000 homes in Sydney with a pool. This data speaks volumes about Aussies’ incredible love for swimming, pools, and everything else in between. With a backyard haven, we are able to enrich our outdoor lifestyle, create an avenue for fun and good times and pursue physical wellness.
Did you know that 85% of home buyers believe that a pool will add value to their new home, with 42% admitting that a pool is a deciding factor when purchasing a property? In fact, 15% of homebuyers say they’re willing to pay $50,000 or more for a house with a pool.
So how much value can a pool increase your property by?
In a recent interview with luxury real estate agent Zed Nasheet of Zed Real Estate, he explains that a custom-designed pool can increase a home’s selling price anywhere between the $100 – $200K price bracket.
All of this demonstrates the remarkable demand for a home with a pool among Aussies. To further the discussion, below are the key factors, as advised by Mr Nasheet, that can influence your pool’s value to the sale price, and more importantly where you should invest your money when building a new pool.
Design & Location
How the pool integrates with a home matters in pool value, and this is why Vacant Block Construction wins as buyers are empowered to ensure that their pool seamlessly blends with the home, making it look like a fully-integrated feature and not just an adjunct.
To truly enhance the value of your home with a pool, Mr Nasheet recommends the following:
- Make sure the pool’s location provides a good view from all angles. This not only increases visual appeal but allows easier supervision of children.
- Utilise aquatic lights for evening glamour. Alternatively, they become a feature of the home when you’re not using it during summer.
- Upgrade pool features as much as possible. Add a blade waterfall for visual aesthetics and acoustics, and invest in landscaping so your backyard transforms into a seamless space.
- Custom designed concrete pools are more desirable so always choose this option if you can.
Pool maintenance can account for 30% of a household’s yearly energy bill. If you’re thinking of selling in the future, then it would be smart to have an energy-efficient pool, which is usually the main concern of homebuyers.
Over 10 years ago, Blue Haven pioneered the Enviro Smart Mineral Pool, which features state-of-the-art equipment that guarantees the purest mineral water possible all day long, helps the environment, and reduces maintenance costs. Through this innovation, we help homeowners save approximately $800 in power, 12,000 litres of water, and 80% less in pool operational costs annually.
Proximity to the beach
Ironically, Australians living near the beach are the most likely to enjoy a home with a pool. Whilst it seems odd initially, it makes sense once you give it more thought. Australians who live adjacent or near the ocean simply love the water and they want to have an alternative when the cold weather begins or when they don’t want sand in their jocks.
A home with a pool is valuable in family-friendly suburbs. The latest Roy Morgan Survey supports this claim as findings revealed that over 17 per cent of Australians with kids aged 6 to 11 have a pool at home. This jumps to 23% for homes with children aged 12 to 15. What does this mean? If you’re in a family-friendly neighbourhood, the best way to be everyone’s best friend and have the best BBQs is by installing a pool!
Mr Nasheet also stated that pools are also not only desirable for kids but adults too with health and wellness becoming increasingly important. Did you know that the global wellness economy grew by 12.8% from $3.7 trillion in 2015 to $4.2 trillion in 2017?
Homes with a pool are valuable to locations with sunny climates and this is why Sydney wins. With mild winters and warm summers, Sydney residents can embrace the epic outdoor lifestyle that a pool provides.
The average summer temperature in Sydney ranges from 18.6 – 25.8°C with the average humidity spiking to 65%.
Blue Haven offers attractive pool package deals which you can reserve online for only $349. As Australia’s most innovative, trusted and bespoke pool service provider, please contact us today for any questions or enquiry.