If you’re planning to sell your home, a few tweaks might prove to be beneficial for both you and the buyer. Remodeling usually increases the value of your property since the goal is to add value and features to attract potential buyers. This includes swimming pool remodeling and upgrades to existing installations.
Here are a few ways that swimming pool remodeling can improve the value of your property when selling.
1. Where pools work best
To evaluate whether or not remodeling your swimming pool can improve the value of your property, you first need to assess whether or not people need pools in the area the property is located. If you live somewhere with a warm climate, it is more likely that people will appreciate having a pool that they can use for the summer, and you want to make sure that your pool is in top shape. A remodeled pool will be especially attractive during the warm months and can be an excellent investment that will lure in more buyers and boost the value of your property. If you’re looking for a place to start, check out pool supplies near me.
2. Bigger or smaller pools
If you think that your pool is too small, now is the time to make some changes. On the other hand, if you see that it takes up a large portion of the garden or backyard, you might want to reduce the size to make room for parties or events that your buyers might want to host. Make sure that your pool is just the right size as it also contributes to the overall aesthetic of the property, which is a significant factor in attracting buyers. Consider how the pool will also affect the functionality of the entire place as this may also determine the value of your property. You can choose to increase the price of the property based on the changes that you’ve made, especially if you made the size of the pool bigger.
3. A well maintained pool
If your swimming pool currently has some things broken, that will definitely decrease the value of your pool as it gives a bad first impression to buyers. When selling your property, make sure that all maintenance and repairs are fixed. Cracks, damages, and unclean pools will instantly be noticed by clients who will be looking at your home.
Before putting your property on the market, make sure that your swimming pool remodeling includes maintenance works such as the following:
- Repair on water filtering system
- Fix cracks and tile damages
- Make sure chlorine levels are safe
- Follow legal standards
4. Upgrading your pool
Swimming pool remodeling doesn’t only include repairs and size alterations. There are several additions and options you can include with your swimming pool remodeling that can increase the value of your property. Naturally, upgrading one aspect for your property has a positive effect on its overall worth. Here are some pool upgrades you can make for high-end or mid-end properties:
- Change in color tiles
- Choosing a different pool shape
- Adding amenities such as water slides, diving boards, fountain, or waterfall
- Fixing the design
- Adding a mini jacuzzi by the pool
- Fence your pool
- Having a new hot tub
Research on popular landscaping designs for pools online to narrow down your choices as well. There are many things that you can add to make your pool not only look better, but also make it more functional. This will also turn your attention to the experience you provide buyers rather than just the pool on its own.
5. Pools entertainment value
Think of how the buyer of your property will have an increase in entertainment value: With a new pool, buyers can host events and have an entertaining outdoor space that can accommodate guests. Because of this added feature, it will also boost the profit you’ll be getting since people would more likely pay a premium for properties with pools.
6. Know your buyer
Another strategy to take is to know your buyer first before making any kind of remodeling. Try to talk to your prospective buyers and see what they are looking for in a swimming pool. For example, if you’re selling to an athlete, that person might be willing to pay a premium for a pool fit for training. On the other hand, if you’re selling to a family, it might be useful for them if you remodeled the pool to make it safe for children with fences or alarm systems. Get the specifications your buyers need, and you will be able to profit from remodeling your pool. Becoming aware of the specific wants of these buyers will entice them to pay a premium for certain renovations and remodeling.
Remodeling projects, including swimming pool remodeling, will pay off and prove to be a profitable investment for you. Your decisions on remodeling will affect the long-term value of your home, so think about it carefully.