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Windermere, Winter Garden FL., Orlando Real Estate - Do In-ground Pools Add Value To Real Estate in Florida?
By Jerry | February 13, 2008
Do In-ground Pools Add Value To Real Estate in Florida?
The answer may surprise you!
For many, many years REALTORS have given the standard answer to their customers that in-ground pools add little value to real estate in Orlando Florida. I have even heard agents reason with their clients that many families do not want pools due to safety issues with small children. They reason that a large number of buyers do not want pools, therefore the value of a home with a pool is not increased. This is interesting logic, but false! In recent years my clients have been getting huge returns of up to and even more than 80% of the pools cost. Unfortunately most REALTORS do not know the value of an in-ground pool and are still relying on old data and false perceptions! This error is perpetuated because houses with pools are statistically rare.
Here is what the National Association of REALTORs says:
They (in ground pools) do tend to add value to a home - about 7.7%, according to National Association of Realtors statistics. Regionally, in-ground pools will add about 5% to the value of a home in the Northeast part of the country, about 6% in the Midwest and 7.5% in the Southeast and West. In the Southwest, a swimming pool will add nearly 11% to the home’s value!
Some instructors still believe that having an inground pool is a detriment to real estate sales today! This is absolutely FALSE!
WARNING: If you have an inground pool and you sell your house you could lose as much as $30,000 - $40,000 due to an inaccurate evaluation in todays market (Spring - Summer of 2007)! Pools in Orlando, Windermere, Winter Garden and the surrounding Orlando Florida area add a considerable amount to the value of the home. This is true because of the improved technology, reduced maintenance, improved safety features and increased competition among in-ground pool makers. Additionally, modern pools tend to have better designs, modern features and they have a HUGE PERCEPTION of VALUE!.
I have had clients literally laugh at me when I told them I could get $30,000 - $40,000 more than the highest quote given to them by other sales agents. I recently sold a home with a pool that had been purchased the previous year. The owners thought they had no equity because they were very happy when I delivered on my promise! The value you get for your in-ground pool is also enhanced by the landscaping and the design. A hot tub also adds value.
Call Jerry at (407)580-7011 JerrySellsOrlando.com
Topics: Orlando Pools |