What Is A Swimming Pool Worth To The Value Of Your Toowoomba Home?
There’s no doubt about it, Aussies love a swimming pool.
Research shows that 13% of Australians live in a house with a swimming pool, and here in regional Queensland that figure jumps to 20%, the highest in the nation. And why not? With our great climate and plenty of sunshine, we’re well placed here in Toowoomba to make the most of a backyard pool. But what is a swimming pool worth to the value of your home?
Does a pool add value to a property?
In a nutshell, it depends. For some buyers, pools represent fun, relaxation and recreation. Others just see cleaning, upkeep and maintenance costs. A survey conducted by pool company Swimart found that 90 percent of pool owners thought that their pool boosted the value of their home, showing if nothing else that for pool owners and like-minded people, pools represent both monetary and lifestyle value.
There are a few factors that will help you work out whether a pool is likely to increase the value of your property.
When is a pool an asset to your property?
- When you live in a neighbourhood popular with families with young children. Put bluntly, pools are worth more in suburbs with lots of kids. Over 17% of Australians with children aged 6 – 11 have a pool at home, and this climbs to 23% for homes with kids aged 12 – 15.
- When your pool is well landscaped, integrated into the design of the property and in good repair. A well-looked-after pool that’s in proportion to the block and sitting in an attractively presented yard can really entice buyers.
When could a pool be a disadvantage?
- If you live in an area where the typical buyer isn’t looking for a pool. For example, in areas where blocks are smaller and space is at a premium, or where there are fewer families with young children, a pool is less likely to add value to your property.
- If you have an old pool in need of repair. When it comes time to sell, a well-presented and maintained pool is more likely to add value to your property than an older pool that needs work.
What type of pool?
An above-ground pool is the cheapest option, starting at around $3000, but it’s unlikely to add any significant value to your home. An in-ground pool is more likely to add value. They start from around $35,000 and can cost up to $100,000. If your yard space is limited you could consider a plunge or lap pool, or a swim spa. A swim spa is a spa large enough to swim in, offering the best of both worlds. A high-quality model can cost up to $30,000 but there are plenty of cheaper alternatives on the market.
Installing a pool on a large, level block with good access for machinery is more cost-effective than on a sloping or rocky site with difficult access, or with underground services that have to be relocated. It’s important to ensure that the pool is in proportion to your outdoor space. Buyers can be turned off by a pool that dominates a backyard and leaves little or no yard space.
As well as the pool itself, you’ll need to consider the landscaping that surrounds it. Landscaping includes pool fencing, paving, decking, furniture, lighting and plants. Good landscaping can make your pool safer and more functional, as well as making it more attractive to potential buyers by ensuring it becomes a beautiful design feature.
By law, your pool or spa must be registered, and all new swimming pools need building development approval. Every pool or spa must comply with Queensland’s pool safety laws. A major element of pool safety laws is fencing. As a property owner, you need to ensure that your pool fences comply with the law. You are responsible for their maintenance and ensuring that any damage is repaired immediately. You also need to remove any objects, such as furniture, that would allow children access to the pool. All furniture and other tall objects need to be kept out of the ‘non-climbable’ zone to prevent children from scaling the pool fence.
If you’re selling or leasing your property, you’ll need a pool safety certificate.
Get inspired by these local pools
There’s an expansive and comfortable undercover seating area right next to the pool at 16 Whitman Street, Westbrook, perfect for entertaining or supervising swimming children.
At 3 Schulz Street, Highfields, the pool is ideally positioned next to the huge undercover entertainment area at the rear of the house, with captivating views over the private allotment and towards the sunset.
The pool at 26 Karina Street, Placid Hills is a great example of a pool as an extension of the home’s living space, with great visibility from the back deck, making it ideal for both entertaining and supervising children. Shade cloths over the pool make it even more practical.
The large pool at 50 Eton Street, Cambooya is in the right proportion to the size of the block. Plenty of trees and a gazebo offer lovely poolside shade.
To find out what your Toowoomba property is worth, contact us today.