Wednesday, 22 June 2016

Swimming pools add value to homes in Perth

AUSTRALIA boasts 1.2 million household swimming pools; the world’s highest per capita rate of pool ownership. An overwhelming majority of homeowners believe pools add value to their property, but the jury is out on whether they are right.
A Swimart survey found 90 per cent of pool owners believed their pool boosted the value of their house by an average of $30,000; with estimates ranging between $10,000 and $100,000, depending on size, style and location.

“Pool owners place a great deal of value on their pool, both in monetary terms and in (the) enjoyment they get,” said Chris Fitzmaurice, Swimart’s Australasian manager.
The research indicated the further a property was from the coast, the more value owners thought was added. Demography also played a part, with more demand in suburbs with a high proportion of children aged four to 16 and greater household incomes.
“Pools are worth more in the suburbs that have a lot of kids,” Mr Fitzmaurice said.
Nationally, 20,000 pools are built each year, costing an average $30,000; the same amount thought to be added in value.
However, there is no way to quantify the value added. It would be easier to add $30,000 in value to a house in a suburb where homes are worth $1 million or more, than a suburb with a $400,000 median.

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