A luxury home without a swimming pool is like a hotdog without a bun or an aussie meat pie without sauce! It just feels as though something is missing! A common perception of a luxury home is that it is classed as a luxury home due it having additional extras or perks that are part of the home not as a necessity, but as an extra feature that is there because you as the homeowner can afford to add that little piece of luxury to your home. Therefore, an upmarket home which does not have a swimming pool, may struggle to attain that ‘luxury home’ designation.
The jury is out on whether or not a swimming pool adds value to a home and if so, by how much in dollar terms. What the experts do, however, agree on is that by adding a swimming pool, you generally increase the marketability of your home and in turn, the property often sees an increase in potential buyers checking out the home whether it is for sale or rent. This is particularly the case with luxury homes or homes in upper class areas where generally speaking, the large majority of homes all feature swimming pools. A home in this luxury category or located in these upper class areas which does not have a pool may struggle to attract interest and potential buyers do to the expectation that a luxury home in these areas will have a swimming pool. \not having one could actually hurt the marketability of the home.
Of course, potential home buyers are not looking for just any old pool thrown in which sacrifices space and is not in keeping proportionally or visually with the overall design of the outdoor area. Buyers are looking for a swimming pool which fits in with the design of the outdoor space and which is in keeping with the landscaping of the property. A pool which is close to the home and main living areas is becoming increasingly popular due to the ease of which families can keep an eye on children in the pool, as well as ease of entertaining. Australian families really love their outdoor barbeques and parties and having a pool close by to an outdoor entertaining area so that guests can move in and out of the pool with ease, is very popular with buyers. This also saves space and allows for more green areas and useable backyard space for your family. Fortunately, there is a large range of pool available these days in a wide range of sizes. Small, yet deep plunge pools are becoming increasingly popular with homeowners who wish to add that touch of luxury to their home, but don’t want to sacrifice all their backyard space. This has the added benefit of being far more appealing to potential buyers than a giant pool which overwhelms the outdoor space, leaving no room for anything else.
All in all, a swimming pool is a welcome if not an expected feature of a luxury home these days and whilst certain homes may not see added value to their home with the addition of a swimming pool, this is arguably not the case with the luxury home market, for the many reasons we have outlined above.