If you are interested in buying a house that has an in-ground pool, according to appraisal adjustments, can add up to 2 percent to the value of a home in some areas. That is the statistical factor; however, the real value of a pool will depend largely on the needs of the buyers looking at it. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that if a buyer is not really interested in a pool, it will not add value to his/her offer for that amenity. Even so, you know that there is that cushion in the value should you be able to negotiate the price up a bit without fear the buyer’s mortgage application will be declined. Those buyers who want a house with a pool are usually not willing to pay much for it and having a pool may even be perceived as a negative to many prospective buyers. Some people just don’t like them or have young children and are afraid of the safety risks. Buyers without children usually don’t want a pool and see it only as a maintenance cost. Check out below to see what sold in Chase Farms in February 2016:
21094 Chase Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,948 sq. feet, 2 car garage, Sold Price: $444,000
Chase Farms Home Sold
February 2016
42993 Ashbury Drive, Novi: 4 bedrooms, 2.1 bathrooms, 3,331 sq. feet, 3 car garage, Sold Price: $470,000
Chase Farms Home Sold
February 2016
If you do decide to install or purchase a home with a pool, do it for you and your family’s personal enjoyment and not because you think it will enhance the value of your property. For more information on Chase Farms, or similar Northville or Novi neighborhoods such as Arcadia Ridge, Timber Ridge and Cascades of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.