A swimming pool has been an iconic staple of a quintessential Australian household.
According to the 2018 Roy Morgan Survey, 13% of Australian households own a swimming pool, which translates to a staggering 2.7 million pools. To put that into perspective, Statista estimates that there were 9.2 million Australian households in 2016.
In 2018, there were approximately 4.7 million Australians living in Sydney which means there are over 700,000 homes in Sydney with a pool. This data speaks volumes about Aussies’ incredible love for swimming, pools, and everything else in between. With a backyard haven, we are able to enrich our outdoor lifestyle, create an avenue for fun and good times and pursue physical wellness.
Did you know that 85% of home buyers believe that a pool will add value to their new home, with 42% admitting that a pool is a deciding factor when purchasing a property? In fact, 15% of homebuyers say they’re willing to pay $50,000 or more for a house with a pool.
So how much value can a pool increase your property by?
In a recent interview with luxury real estate agent Zed Nasheet of Zed Real Estate, he explains that a custom-designed pool can increase a home’s selling price anywhere between the $100 – $200K price bracket.
All of this demonstrates the remarkable demand for a home with a pool among Aussies. To further the discussion, below are the key factors, as advised by Mr Nasheet, that can influence your pool’s value to the sale price, and more importantly where you should invest your money when building a new pool.
Design & Location
How the pool integrates with a home matters in pool value, and this is why Vacant Block Construction wins as buyers are empowered to ensure that their pool seamlessly blends with the home, making it look like a fully-integrated feature and not just an adjunct.