It’s very common when people are renovating or building to sell, to discuss whether they add a swimming pool into the equation. It’s not a cheap process and as fun as it is to have a pool, unless you’re adding it for your own benefit, then I would steer clear of them.
In Victoria, the weather for an unheated outdoor pool is only good for around a quarter of the year, maybe a touch more. A heated pool is much more beneficial for all year-round usage, but can cost a lot more to keep it running. Outside of the heating factor, you have continuous pumps running and other maintenance costs. Not only are these true factors, but they are also objections potential buyers will use when negotiating.
Understand that when you add a pool into the equation, it will draw a line in the sand between your purchasers. Without the pool, you will be more attractive across the board and have more buyers competing to buy your property. In my experience, when I’ve sold properties with a swimming pool, it’s been a deal breaker for buyers who loved the house but didn’t want a pool. For those who don’t mind having a pool, it’s just a bonus which they don’t factor into their offer. There’s only a few buyers that look for properties with a pool and add value to their offer.
Therefore, unless you are adding a pool to your property for your own benefit and without the thought of adding value to your property, then I would skip the pool and invest that money into other areas of your house that will add extra value to your end result.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.