Recently research conducted by a Melbourne real estate research firm called “Secret Agent” suggests installing a well designed swimming pool in your back yard may do more than offer the family fun for years to come.
It seems that the Melbourne property market is calling out for swimming pools, and it’s no wonder with the wild weather down there. The research indicates that, on average, installing a swimming pool clean increase the value of your home anywhere from $140,000 all the way up to $480,000!
Secret Agents research was focused in ten suburns in Melbournes inner and South east, including Armadale, Kew, Hawthorn & Hawthorn East, Toorak, Kooyong, Malvern, Glen Iris, Brighton and Camberwell. Included in the study was three to five bedroom houses which Secret Agent thinks makes for a more realistic representation of a house and pool’s value and the results are astounding! On average in fact, adding a swimming pool to your property can increase the value 10% 0 16% with the lowest measured increase being $140,000! How good is that?
Secret Agent believes that installing a swimming pool is a great ideal, giving us hours of fun with the kids and clearly improving the sale value of our homes. Hours of fun in the sun, what’s not to like?
However on the flip side of the coin, installing a pool can be a huge hassle. Finding and choosing the right builders, design and surface and everything else that goes into installation of a pool can be a daunting and drawn-out process. Not to mention the maintenance and upkeep costs, pool chemicals and regular servicing, and when things go wrong it can get even more expensive.
Do the negatives outweigh the advantages? Post a comment and let us know below!