Living in Arizona, pools are more than just a luxury—they’re practically a survival tool during those scorching summers! But when it comes to real estate, does having a pool give you a good return on investment (ROI)? Let’s take a dip into the numbers and the nuances.
Why Pools Are a Big Deal in Arizona
First off, Arizona’s climate makes pools extremely appealing. With temperatures soaring past 100°F for a good chunk of the year, many homebuyers see a pool as a must-have. In fact, in some areas, not having a pool could actually make your home less competitive on the market.
The Cost of Making a Splash
Installing a pool isn’t cheap. You’re looking at $30,000–$70,000 or more depending on the size, type, and features you choose. Then there are ongoing costs like maintenance, water, electricity, and insurance to consider. While these expenses can add up, they might be worth it if they make your home more desirable to buyers.
Does a Pool Boost Your Home’s Value?
In Arizona, the answer is often yes, but with some caveats. Pools can increase your home’s resale value by up to 7%, according to some estimates. However, whether you get a full return on your investment depends on:
- Neighborhood Expectations: In upscale communities, buyers might expect a pool, and not having one could hurt your home’s value.
- Pool Condition: A well-maintained pool adds value. A neglected one? Not so much.
- Buyers’ Preferences: Some buyers love pools; others might see them as a safety risk or added expense.
The Lifestyle ROI
Beyond dollars and cents, pools offer a lifestyle upgrade. They’re perfect for entertaining, staying active, and cooling off after a long day. If you’re planning to stay in your home for a while, the enjoyment you’ll get from having a pool might outweigh the financial considerations.
Should You Take the Plunge?
If you’re in Arizona, adding a pool can be a smart move—especially if you plan to use it yourself and sell to local buyers down the road. Just make sure you’re realistic about the costs and potential ROI. And remember, a pool isn’t just a feature—it’s an experience, a vibe, and, let’s face it, a relief when it’s 110°F outside!
