Pools can be "a double-edged sword" when it comes to a home's resale value, says Walter Molony, spokesman for the NATIONAL ASSOCIATION OF REALTORS®.
"For people who like them they are a plus, but for families with small children it may discourage them from a purchase," he says.
After reviewing almost 30,000 home sales in Philadelphia from 1996 to 2003, NAR reported in 2004 that property values jump about 8 percent because of in-ground pools and fall by roughly 2 percent because of above-ground pools.
Will those numbers affect home owners' decisions to install a pool or not? Experts say no, as most people add pools for relaxation and entertainment purposes, not to boost property value. Also, the value of a pool can differ from community to community.
For example, in a neighborhood of million-dollar homes, a property without an in-ground pool can be difficult to sell, real estate professionals say.
Source: Realtor Magaine Online Daily Real Estate News - July 18, 2007 PhillyBurbs.com, Freda R. Savana (07/16/07)