The Kardashians have always being about “larger than life” – even if its not always in the right taste. With Kanye, things are getting bigger. The rapper recently announced that he is constructing a ‘Lake-size’ pool in his Hidden Hills, California home that will dwarf anything people know about swimming pools.
Now every real estate agent worth his salt know that pools aren’t the best value addition in a home. Pools demand attention, time and investments. And not everyone is willing to devote so much for few summer splashes. Unlike the rapper, most real estate agents know that selling a home with a large pool can be tough. But when you are around $53 million in debt, a large pool is the least of your worries.
Why Swimming Pools Deter Potential Buyers
Swimming pools, like many other luxury features, are not loved by everyone. They are an eyesore in the budget category home where usable space is otherwise wasted on pool or large decks. Even in larger homes, potential buyers frown over its maintenance and repair costs.
No Value for Money Returns
Ask any home renovator or agent and they will unanimously agree that pools don’t deliver the dollar returns you expect them to. Pools are more of a personal touch to your home rather than a genuine home value addition. They can be money pits if not done in the right manner. However, that’s not to say pools should be downright avoided.
How to Benefit from Pools
Unlike Kardashians and West’s, we mere mortals should take a deep look while investing in pools. When selling or renovating, keep a regulated approach towards pools.
Yes, pools come with accessories. Luxury buyers always like more bells and whistles. And pool promises to take it up a notch. You can add a spa, a hot water jacuzzi, a whirlpool, an extended deck etc. to increase the exclusivity factor. Clients go gaga after viewing attached spas. Busy high-value buyers usually see it as a sanctuary where they can relax, get a water massage and probably sip a glass of fine wine.
Swimming pools have to be done right but, not everyone loves the idea of having a lake size pool in their backyard.
Revive Property Group