The return on investment (ROI) of installing a pool in your backyard can vary greatly depending on several factors, such as the cost of the pool, the type of pool, the location of your property, and the local real estate market.
In general, a pool is considered a luxury item and is not likely to increase the value of your home by the full amount of its cost. However, it can still add value to your property and increase its appeal to potential buyers, especially during times like COVID where many people are spending more and more time at home. Further to that, a pool can be seen as a more affordable option when faced with buying a cottage and factoring in a multi hour commute.
The cost of a common inground pool in 2023 can range from $60,000 to $100,000 for the pool itself – associated landscape construction costs can vary greatly, and are entirely linked to the scope of the work, the intricacy of the design, the type of materials, and so on. Many backyards ‘in town’ with a 20′-50′ deep backyard can see landscape construction costs of $40,000 to $400,000. This means that a new backyard with a pool will cost somewhere in the range of $100,000 to $500,000 depending on the particular situation.
Contact us today to get started on a pool project.
