Did you know that a swim spa for sale can enhance the market value of your home? Not many people are aware of this, but a discerning homeowner will consider the installation of an outdoor water entertainment feature if he is keen to further enhance the value of his home property.
Most of us have dreamed or fantasized about having our own swimming pool, how does that dream stack up to the reality each of us has today? Well, it depends actually. Below are some of the things you will need to look into first if you are pondering on putting up a backyard swim spa to your property.
What Kind of Outdoor Water Entertainment Feature Do You Want to Install?
This comes first on our list. What kind of outdoor water entertainment feature you are envisioning to install? Is it a built-in one or an above-ground pool? The type of outdoor water entertainment feature you will install to your property will make a world of difference in the value of your property will obtain from the pool.
In reality, an above-ground pool won’t create a significant impact on the market value of your property. There is a grain of truth in here even in warmer climates. On the contrary, you have a better chance of enhancing your property’s market value if you will install instead of an in-ground pool, most especially if you will have it built from stone and concrete.
If you are planning to put your home in the property market and offer it on sale, you can hike the resale price to as much as 50% of the pool cost. Just make it sure though that you have it made from really nice materials.
This is also applicable to those who are planning to put up a hot tub to their outdoor living space. You can’t expect a portable hot tub to add more market value to your property since we qualify them as a piece of personal property. But if you will have your hot tub built into your expansive backyard space and put up some nice landscaping to surround it, then you have good reasons to anticipate that it will improve its market value.
If there is one thing that would deter a homemaker from installing this kind of outdoor water feature is the potential cost of maintaining it. If you will check out reputable resources for this, you will see that the average maintenance cost for a pool would be around $243. But you will have good chances of obtaining a good deal with a local pool and spa warehouse should you become one of their regular patrons.
Noise and Other Considerations
A common concern among homemakers who want to look for a swim spa for sale is the noise factor. Most especially if there are kids around, there is a big possibility that their splashing can become a bit too noisy and thus can be very distracting. It is a major concern for possible buyers with small children.
It is such a relief to know that there are good ways around these issues. You can instruct your builder have your swim spa installed not close to your windows or backdoor. By this measure, the noise will likely become less of an issue.
If you have small kids living with you, installing a safety fence to keep your newly installed swim spa for sale out of their reach would be highly recommended.
While swim spas and traditional swimming pools can be taken advantage of to increase the market value of your home, the amount or value they are likely to add is not fixed and would vary. Like for instance, very good landscaping work can increase the market value of a residential property priced at $300,000 by $38,000.
You may hire a contractor to install your pool and spa project and have it accented with plants and natural stones. Such work can further increase the market value of your property.
Most of the time, pools are an outdoor feature for homes that are situated in the suburban areas. As your place of residence is in closer proximity to the city, there is a greater probability that your prospective home buyers will look instead for more extra space but not so much of a pool.
When it comes to determining the market value of a residential property, many factors are likely to go with it. Pools and swim spas are water entertainment features that can increase your property’s value by at least 50% of your initial investment costs. To optimize this, make it sure that it will be complementing your property and not go against it, or ruin its overall aesthetic appeal.
If you are living in a house that is somehow far-flung from the center of the town, and your geographic location is near a hot climate, you are going to give your property a better financial boost just by installing a swim spa.