An inground pool is always in sight when you imagine the ideal backyard getaway. Swimming pools can add a bit of luxuriousness to any outdoor space and also provide relaxation, refreshment, and enjoyment.
Around half of the 10.6 million pool pools across the United States are in ground, according to estimates for early 2020 by Swim University. Following the COVID-19 epidemic, pool sales have been increasing as families with homes look to construct their own summer escapes. This number is believed to be rising.
The year 2020 is when there could be a higher demand for spas, pools or hot tubs as per Tami Pardee who is a top real estate agent who is based in California (the state that has the highest number of pools in the country).
The pool builders who design and construct pools are in agreement with this approximately 45 percent of the those who are members of Pool & Hot Tub Alliance expect the growth of revenue to be at 10 percent this year. Around 85 construction projects are planned by certain pool builders. According to statistics, privately-owned pools have become more popular with homebuyers.
If you’re considering buying an investment property, it is best to consider the math like cost of a pool prior to making a decision, especially if you are planning to sell your property in the near future.
What would an average swimming pool in the ground cost?
Every pool comes with its own price, just as every house is not identical in terms of cost. The total cost is a lot different dependent on the location, the material used, as well as any other features. The average expense in United States to install an in ground pool ranges between $28,000 and $55,000, however extravagant bells and whistles can easily increase the price to the top of the range.
The cost of installing an above-ground pool of $42,480 in accordance with a survey that we conducted in Q3 2020 from more than 1100 of the most prominent real estate agents across the country. When the pool’s in decent order homeowners can expect to recover the $21,483 cost at selling it, for 51% return.
A pool that is less than $50,000 isn’t likely to be expensive, particularly when you live in a high-cost region. Pardee gives this breakdown of typical pricing for pools within the Los Angeles market:
- Low-end The low-end range is $45,000 to $50,000.
- Middle class $75,000-$100,000
- High-end: $150,000+
Estimates for the same range are also provided by Cincinnati, the Ohio’s Aquamarine Pool Company.
- Medium-sized (14 30′ x 14′) basic pool with lighting and a small amount of concrete 45,000
- Luxury swimming pool (bigger one) with water features, a sunbathing ledge and heater. $70,000 to $90,000.
- Luxury swimming pool that has walls and landscaping and more. The minimum price is $125,000.
