Frequently Asked Questions: Does Removing a Pool Decrease the Home Value?
Homeowners should always consider their property value. Yes, you own the house and yard now, but chances are good you won't live there forever. As of 2018, the median duration of homeownership in the U.S. is 13 years. This means at some point, you'll be selling the house you have now and moving on. Any time you make a big change, you need to consider whether it is something that will help or hurt your property value. The answer isn't always simple. For example, let's say your house needs a new coat of paint. Painting your home raises the property value… unless you choose a color that potential buyers won't like and they have to factor in repainting it before they move in.
With this in mind, let's talk about removing your pool. On the surface, you would think that having a pool raises your property value and removing it must lower it. Just the paint example above, the true answer is a bit more complicated than that. In many instances, a Concord, CA pool removal can in fact increase the value of your property.
Don't just guess! Thankfully, there is data that can tell you exactly whether it is a good idea or not. Here is a list of factors that may have a negative effect on your home’s value. If any of these apply to your situation, you should consider pool removal.
#1 The pool takes up 30% or more of the backyard.
#2 The pool is over 30 years old and is in need of repair
#3 The pool is made from a vinyl liner.
#4 The pool does not have a safety gate around it.
#5 Your pool is the only one in the neighborhood.
#6 Your area regularly experiences droughts
In truth, unless a potential buyer plans on spending nearly all year swimming, your pool is less than 15 years old, and most of the neighborhood has a pool, you can expect your pool to decrease your property value.
Don't keep holding on to an old, broken, problematic pool because you think having one increases your home's value. It is very possible that the opposite is true! Many potential buyers just don’t like the risks and maintenance involved in owning a pool. In trying to make your property more attractive to those shopping for houses, professional pool removal could be your best option.
The experienced crew at Bye Bye Pools will help you reclaim the space by demolishing your pool in an efficient way, while also ensuring there are no damages to your existing landscape. We do a thorough clean up and recycle most of the materials from the job. Our job does not end when we drive off your property; we stand by our work for the coming years! Give us a call today at (925) 497-3321, or request an estimate by clicking here, to learn more about your pool removal options.