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COVID has created “Pool Mania” in the U.S., but does adding a pool increase your property’s value?

Over the weekend we had our neighbors over to take a dip in our pool. They’ve been considering putting in a pool themselves and asked if it would have any impact on their value. If I had a nickel for every time I’ve been asked this question in the past 12 months, I think I might have been able to pay for our pool in cash!

”A pool can easily fetch six figures depending on the scope of the project.”

The short answer is that yes, adding a pool does increase your value! In fact, according to HomeLight, since COVID came on the scene, the value that an inground pool adds to a home has increased by 69%! Agents surveyed estimated that prior to COVID, a pool added $16,137 in value compared to $27,199 post-COVID.

Nationally, the average cost for a pool was around $42,000, but in the Lowcountry, the typical cost is closer to $60,000. Naturally, a pool can easily get into the six figures depending on the scope of the project.

In our current market, we know that a home with a pool will sell faster and for more money, but that doesn’t mean that you should put a pool in for the sole purpose of selling. If you’re considering putting in a pool, take a look at this comprehensive study on the impact a pool has on your home’s value.

If you have any additional questions for me, don’t hesitate to reach out via phone or email. I would love to hear from you and help out in any way I can.