Posts Tagged ‘swimming-pool’

Should you install a home swimming pool?

Sunday, September 20th, 2009

As we end another summer and start thinking about home remodeling projects or other upgrades we might make to our homes before next summer let’s talk about swimming pools. They are the subject of much disagreement and scrutiny.

I have found that most real estate agents will recommend that you do not install a pool, especially if you have any intention of selling the home in the near future. And as a rule, a pool indeed eliminates more prospective buyers than it creates, plus it requires a lot of upkeep and introduces liability.

In fact, it can be a severe detriment to the value of your home if it is too simple, uninspiring, poorly conceived, poorly designed, or poorly situated — such as if you have a basic kidney-shaped concrete & plaster pool plopped down in the middle of a small yard with a plain cool-deck and an ugly 5-foot toddler fence around it. It might work out great for you, but resale value can suffer.

However, if done tastefully and creatively — creating a soothing, clean waterscape incorporated into your indoor/outdoor living areas without overwhelming everything else — I think it works well, and perhaps even offers a substantial boost to the value of your home in the eyes of the niche buyer. Make your pool an attractive water feature to help balance your property, and ensure there are various views of it from the house. (Remember, a pool view can be quite desirable at a vacation resort, so make it the same for your home.)

If you already have an older pool, make sure it is (and looks) well-maintained, e.g., clear water and no stains or chips. If it is severely stained or if the plaster is chipped, consider an acid wash or re-plaster job.

As I have said before, you always need to think in terms of resale, even if you have no intention of selling the house anytime soon. After all, for most people their home is the largest investment they have. I know many people who don’t like to look at their home as an investment — it’s where they live, and that’s it. But particularly in high-housing-cost areas (despite the big downturn in prices), the home is usually the family’s most valuable asset. I talk a lot about this in both my free special report and my e-book

Backyard free-form swimming pool & spaIn high-cost areas like coastal California, a $50,000-100,000 investment in something Black-bottom pool & spalike a decorative swimming pool/waterscape as an enhancement to your outdoor living area might be worthwhile. Shown are pools from two homes I have remodeled.

Seek simplicity, comfort and value!
 

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For high-impact home remodeling, seek simplicity, comfort, and value

Sunday, August 9th, 2009

I’m going to take a moment today to review the underlying basis for all of my home makeovers and remodeling projects.

You always need to think in terms of resale, even if you have no intention of selling the house anytime soon. After all, for most people their home is the largest investment they have. I know many people who don’t like to look at their home as an investment — it’s where they live. But particularly in high-housing-cost areas (despite the big downturn in prices), their home is a family’s most valuable asset.

With this mind, you must think in terms of maximizing the value of your remodeling and home improvement projects. I talk a lot about this in both my free special report and my e-book

The overall price levels of an area will impact the amount of money and the types of upgrades you might want to pursue, depending on your goals, e.g., immediate resale, longer-term resale, or strictly personal enjoyment. For example, you wouldn’t invest $50,000 to replace all the floors with 3/4-inch hardwood, or $100,000 for a fancy swimming pool, if comparable homes in your area sell for $250,000–you simply won’t get your money back.

But in high-cost areas like coastal California, where prices for even modest homes can easily surpass $2 million, a $50,000-100,000 investment in something like a decorative swimming pool/waterscape as an enhancement to your outdoor living area might be worthwhile.

But no matter where you live, many great ideas can be carried out quite inexpensively (by any measure). In fact, some of my favorite improvements have involved, for example, a fresh coat of paint that I did myself, sandblasting and staining the front door, an antique chandelier found in the classifieds, a sofa set from Craig’s List, or Saltillo tile flooring–which is used in many of the finest Spanish, Southwestern, and Mediterranean-style homes but can be bought for as little as a buck per 12-inch tile.

My personal design credo is: Seek simplicity, comfort and value!

Simplicity means muted neutral colors, bright, open, airy, spacious, and uncluttered. Comfort means designing for function, usability, and durability rather than purely for style. And Value means cost-effective quality, i.e., always seeking good quality for a reasonable price.

If you keep this simple phrase in mind, it will go a long ways in helping you to dramatically & affordably transform your house.

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Focus on high-value-add home remodeling projects

Friday, May 2nd, 2008

Ready to start sprucing up your home?  Wondering where to begin?  Try to focus on high-value-added projects that are appropriate to your market and neighborhood.

However, some home upgrades will not return the value invested through enhanced sales price–although they might be appropriate anyway if you are doing it for your personal enjoyment. Just know in advance why you are doing the project, and don’t naively assume it will give you a dollar-for-dollar increase in home value.

A swimming pool might fit into this category. Many homebuyers have no interest in dealing with a pool. However, if you really want one for your own enjoyment, you still should think ahead toward eventual resale and try to optimize its impact on home value. For example, think about placing and designing the pool in harmony with (and perhaps as a focal point of) your landscaping, i.e., think of it as a clean, soothing, and decorative waterscape, and make it as appealing as possible. The overall feel and marketability of your property will be greatly enhanced versus simply plunking a basic concrete & plaster pool and cool deck in the middle of your yard with a toddler fence around it.

Another example might be an elaborate master bathroom, with huge Jacuzzi tub, sauna, and built-in flat-screen TV. Sure, it might be your dream bathroom, but will it really fit with the rest of the home–or the rest of the neighborhood for that matter? If you have a top-to-bottom luxury home, it might be completely appropriate, enhancing both your home’s value and its appeal to that niche buyer.
 
Otherwise, consider whether the expense will only turn off the target buyers as an extravagance. If you are in a modest neighborhood of similar homes, be cautious of overdoing the appointments relative to what is common in the neighborhood. Although a tasteful extravagance would probably help the house sell faster, it may not add much to the price.

So ask yourself, how much will this project really add to the value of your home?

Also, consider the lifetime cost of an upgrade, especially if you are planning to stay in the house for awhile. As an example, vinyl-covered wood-frame double-pane windows might be desirable for their triple benefit: strength, energy efficiency, and low maintenance.

Seek simplicity, comfort and value!

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