The days are getting longer and summer’s in the air. And now that we’re spending more time at home, the idea of a backyard swimming pool may be more appealing than ever.
If you’re looking to buy, is a pool on your property wishlist? What about selling – will a pool increase the value of your home? Let’s dive in.
Swimming pools by the numbers
With long summers enjoyed by much of the nation it’s no surprise that Australia has more backyard pools than any other country.
Recent research shows that almost 2.7 million Australians – around 13 percent of us – have a home swimming pool. In Sydney, that figure rises to 15 percent. And those with children at home are more likely to own a pool.
On the Upper North Shore, the property market is holding up well despite the current economic downturn, with Wahroonga performing particularly strongly in the first half of 2020. Clearly, buyers are still keen to find their perfect home – and for many, that includes a pool.
Installing a pool: what’s involved?
If you want to install a pool, there are a few factors to consider. Most important is cost, which includes:
- the pool itself (in-ground, pool and spa, a swim spa, plunge pool, etc.)
- pump and filter equipment
- fencing, lighting and landscaping
- certifier’s fees
- ongoing maintenance and running costs.
All up, the cost is likely to be in excess of $30,000 and possibly up to $100,000.
How a pool adds value
Many people consider a backyard pool an investment in both family life and the property itself.
In a survey by Swimart, 85 percent of owners said they felt their pool added value to their property. Further, 42 percent of those surveyed stated a pool was a deciding factor when buying a home.
So is there value in installing a pool? Many North Shore residents think so. In fact, the area has one of the highest concentrations of pool ownership in Sydney.
While measuring increased property value is difficult, it’s safe to say that buyers on the Upper North Shore are looking for the very best both inside and outside the home, and a stylishly finished pool adds to a property’s overall appeal.
However, this must be balanced against the initial outlay for the pool’s installation.
Factors that boost a pool’s appeal are its condition, age and presentation. Is the pool well maintained? Does the landscaping increase the pool’s attractiveness? Is the pool a well-proportioned, well-integrated focal point of the garden or is it overwhelming? Should you refresh the landscaping to reflect current trends?
Seeking inspiration from those who’ve done it well can help you get the best results.
Recent listings making a splash
The elegantly curved infinity-edge pool at 203a Eastern Road, Wahroonga lends a resort-style feel to this contemporary property. Continuing the resort-at-home theme is the beautiful mosaic-tiled pool at 49 Billyard Avenue, Wahroonga, set amongst 1,400sqm of landscaped gardens, creating the perfect oasis.
If you’re buying an apartment you can still enjoy a private swim. We currently have a number of apartments available at 5 Gillott Way, St Ives, such as number 30. The complex features a shared pool and spa, a much-loved feature for many residents.
Looking to buy or sell on the Upper North Shore? Contact our experienced team today.