Will Installing a Fiberglass Pool Increase the Resale Value of Your Home?

Installing a fiberglass pool is a big decision that will impact more than your home’s aesthetic beauty.

As most property experts can agree, a swimming pool will significantly affect your ability to sell the house when you decide to put it on the market.

While it’s easy to assume that a swimming pool will increase the resale value of a home, you can never be too sure. After all, these things depend on a number of factors, including location and climate.

To help you figure out if installing a fiberglass pool will increase the value of your home, we’ve put together a little guide to help you answer this pressing question:      

About Fiberglass Pools

Fiberglass pools are growing in popularity every year. Homeowners choose them over other types of pools because they’re quick and easy to install, so your home won’t look like a construction site all winter.

They’re also durable, easy on the eye and most importantly, low maintenance.

Fiberglass Pools and Home Values

There’s no denying that installing a fiberglass swimming pool can add a lot of value to your home. Plus, the benefits of owning a fiberglass pool far outweigh those of owning other types of swimming pools.  

As we mentioned earlier, fiberglass pools are easy to maintain and they have a higher lifetime value than concrete and vinyl pools. You don’t need to constantly clean a fiberglass pool because it won’t develop algae over time, and since it doesn’t have an abrasive surface, it’s safe for children and teens to swim in.

The latter benefit will make your home especially attractive to buyers with children. While most people might not necessarily install a fiberglass pool themselves because of the up-front investment it requires, they won’t hesitate to buy a property that has one because they recognize the benefits that it comes with.  

But, if you want a professional opinion on whether or not a fiberglass pool installation will increase the resale value of your home, then you should hire a valuer (or real estate agent) to come and perform a valuation. Ask them to value your home as it is and then value it again as if it had the fiberglass swimming pool installed.  

To determine the effect of installing a fiberglass pool on your home, the appraiser will compare it to other homes in your neighborhood that have a similar setup. Other factors that play a role in the valuation include your area’s climactic conditions and the amount of space that you have to work with.

For example, if your neighbors have larger properties than you with bigger swimming pools, then your pool might seem insignificant next to theirs. This means a pool installation won’t increase your home’s resale value as much as you’d like but it will still improve your chances of selling your home because a majority of buyers prefer homes with swimming pools.

Now, if adding a fiberglass swimming pool to your backyard setup increases its value according to the appraiser then you should definitely consider making the investment.

The Average Cost of Pool Installation

The average cost of a (large) fiberglass pool installation is about R40, 000 but this amount can increase significantly based on the size and design of the pool as well as the location.

However, maintaining your fiberglass swimming pool will cost you close to nothing when you compare it with the maintenance of vinyl and concrete pools.

Plus, since they’re compatible with salt water, fiberglass swimming pools don’t require regular maintenance and they don’t contain any harmful chemicals like chlorine.  

Conclusion

There are many benefits to owning a fiberglass swimming pool.

It’s your own private body of water that you can use to cool off during the hot summer months and it’ll add a certain “pizzaz” to the outdoor style of your home.  

It will more than likely increase the resale value of your home significantly if you plan on selling your home in the future.

But, the real benefit of owning a fiberglass swimming pool is in the memories you’ll create when entertaining friends and family in your house.  After all, nothing beats the laughter and sheer joy of children playing in the pool while you host a BBQ in your outdoor entertainment area.