As summer quickly approaches, the Middle Tennessee and the home market are heating up and folks are wondering does a pool add value to your home?
A Pool Add Home Value?
According to Bankrate, “adding an in-ground pool can increase your home’s value as much 7 percent — that’s the number that’s often cited by residential real estate authorities like HouseLogic, Today’s Homeowner and HomeAdvisor.” However, LCT Team Realtor Lisa Culp Taylor says this is a very subjective question.
“What matters is if someone wants a pool. Many people are excited to see listings with a pool – especially in this post pandemic market. However, some buyers don’t want the hassle and appreciate a community pool like Ladd Park, Westhaven and The Grove for starters.
As expected, Florida and California have the most residential pools, but Tennessee is listed at 169,000 residential pools according to these stats.
Currently, the LCT Team has multiple homes available with pools or access to community pools. Head to our listings to see more here.
Room For A Pool?
If you see on a real estate listing, room for a pool, this can mean several things Lisa explains.
“On my listings, this means I’ve done due diligence in determining if a pool can be added. However, you need to check in with the listing agent to determine if a pool would fit into a the building envelope and be accommodated by any sewer or septic systems. Sometimes this is on a listing simply because there is a great, flat backyard, so do your homework,” Lisa said.
In some unique cases, a home listed for sale will have plans available for a pool so potential home buyers can visualize a pool so be sure to ask if that’s a priority. This was the case for the Lisa’s Trace Construction listings in Brenthaven now closed with pools in the future homeowners’ plans.
How Hard Is It To Add A Pool?
When you work with the LCT Team, clients are provided a list of vetted home experts from painters and plumbers to home renovation and pool installers. Top Tier Pools is one company we are pleased to recommend. Previously a home builder and general contractor, owner Bo Russell said his Franklin-based company has been building pools for eight years and has seen a huge increase in business in the last two and half years. He has built this beautiful pool for the LCT Team listing in Cartwright Close for the home builder Trace Construction and offers several tips on choosing a pool contractor.
“After you have decided to build a pool, you need to find a reputable company by getting referrals, checking the quality of work and seeing how long the company has been in business,” he explained. “Most importantly, don’t let price point drive your decision. A lot of people might have a better price, but you need to understand you get what you pay for especially with a pool.”
Currently, Top Tier has about a nine-month waiting period. The company requires a 10% down payment once the plan and price have been agreed upon. This also fixes the price of the pool build, an important point.
“I love building pools because everything is so custom. We are just as proud of the pool we finished today as the first one we built,” he said.
Looking for home inspo for your backyard? HGTV has compiled this list 170+ swimming pools to inspire you. Take a look here.
Considering Buying Or Selling A Home?
Once you’ve determined your home goals including pool or no pool, the LCT Team would love to help you make this a possibility in the busy Middle Tennessee Home market. Consistently earning top team for Parks Realty, the Wall Street Journal RealTrends just announced in 2023 the LCT Team is #1 in Tennessee for Medium Team – Volume – as well as #20 in the nation. The LCT Team is known for commitment, professionalism and attention-to-detail as the team goes above and beyond to help buying and selling clients with an expansive real estate network and proven sales and marketing formula. Reach out today at 615-595-5883 and stay up-to-date on the latest via Instagram, Facebook and subscribe to the real estate and community news here.
