my fiancé and I live in a very nice and modern 450k place in Mt Washington PA. great spot for us for living/working in the city and ease in/or. my business partner and I relatively recently purchased a 7M rental property in Columbus, OH. My goal is to add at minimum a duplex rental per year. been doing this since 30 and I'm 10 years in. commercial also a way to go to add to portfolio
I LIVE IN OCC , CALIFORNIA . 7 MILES FROM THE BEACH . FOUNTAIN VALLEY NORTH OF HUNTINGTON BEACH . HOUSE 3 BEDROOM 2.5 BATHROOM & BONUS ROOM. 2Stories 1,865 sqft. $760,00- $780,000. OTHER HOMES IN MY TRACT WITH POOL OR MAJOR UPGRADES SELLING UP TO $875,000. THATS WHY I CANT BET LIKE YOU HIGH ROLLERS . STILL OWE $249,000. though.
$1.2-$1.3 million. Located roughly 1000 feet outside the city limits of San Francisco. Glad I have fire insurance and glad to be in Texas now.
https://www.sfgate.com/california-w...sf-bay-area-smoke-breathe-record-13400047.php
A friend posted an article on my wife's Facebook page saying if you didn't have a N95 mask, it would be the equivalent of smoking 11 cigarettes.
https://www.sfgate.com/california-w...sf-bay-area-smoke-breathe-record-13400047.php
A friend posted an article on my wife's Facebook page saying if you didn't have a N95 mask, it would be the equivalent of smoking 11 cigarettes.
Agree. It cost me 42k and maybe added 20k to the value of the house. I didn't really want the pool because I knew this fact, but this was a situation where I lost the vote 1 to 1 to my wife. She has wanted a pool for years and I finally lost the fight. The only plus side of building the pool is we got exactly what we wanted. Nice little sun shelf for the wife and I have a 3 foot round bar table in the pool with a bench around it. Oddly enough she begged for the pool for years and we finally get one and now I'm the only one that ever goes in the mother fucker.
I could see this argument in someplace like Michigan ect where its shit weather 6 months of the year but I live on the east coast of Florida where its hot 11 months a year and you can swim the entire year round and can assure you a ton of people that live here do want a pool. I'm am sure there is people that do not want one as well but people do specifically search for homes with a pool in my area.
Bought a house in South Jersey in 2004 for cash that is still underwater. It's worth 15% less than what I paid for it. With ridiculous property taxes that are highest in the nation no one wants to buy houses around here. Fortunately house I sold in Las Vegas which I sold at the same time I moved back east had appreciated 125% in 7 years. I'm still pissed because that house has fully recovered it's value after plummeting to what I originally paid for it. It's actually worth more than what I sold it for in 2004 and my home in NJ did absolute crap. At one time after I bought it the value rose 25% more than what I paid. It's still not much higher than it's low point during this period. I don't think it will ever appreciate again to what I paid it or ever go above it. No doubt moving into an apartment would have been more profitable. I could have taken the money I paid for it and put it in a CD and even with rent increases I would have done much better over 14 years.
Completely agree I build pools and service them for a living . Pools are the biggest money pits yes I said it cats out of the bag. For all you folks thinking you have a salt pool your kidding yourself it produces chlorine only difference is it’s not stabilized like the tablets so make sure you have a zinc anode or everything connected to that pool is being abused especially if you have an auto cover a must.
Yes reading it again I guess I could've worded it better. Basically what I meant was i'd agree it's a bad investment because you don't get out of it what you put in but it certainly adds some value to the house. Especially when we are talking houses in Florida. It's not even arguable where I live because I can literally find other houses that are within the city that are literally the same house. Built by the same builder in the same year. The ones with a pool always sell for more money. I don't regret the decision for the pool really because I do like coming home from work and jumping in when its 97 degrees out. Plus I paid cash for the pool and the renovations from the sale of my last house so in the end it worked out pretty good.
You are wrong. An in-ground pool in good shape adds value to a home. This is 100% fact.
The fact that a decent portion of a buying market is not looking for a home with a pool has nothing to do with a pool adding value to a home.
Many people aren't willing to pay extra for leather seats in a car because they don't think it's worth the extra money. But that doesn't mean the leather seats don't add value to a car. There is a reason why you pay more for leather seats.
This really isn't that hard to comprehend.
I think it’s a regional thing as far as adding value. I assume your pool is open all year . In the northern states pools are seasonal they get winterized and covered. They go through harsh winters where water freezes tiles pop . Where I live location is everything. A million dollar home here is an average median home any where. I’m not kidding google real estate in Montauk ny see what you can get for a million and under when locals sell time to say bye bye forever
You could be correct on your first point. I'm arguing stone cold facts from the market in Arizona.
I can't imagine a pool would not add value to a home in Buffalo, NY either though. It's simple math.
And to the next sentence, I don't own a pool. I have in the past. But not at my current residence.
But the pool I did own was not heated. So we only used it 8 months out of the year.
