On a scorching day, there’s nothing quite like lounging by your pool at home with a cocktail or a book while the kids perfect their dives. Owning a pool in Cookeville, TN can be seen as a luxury, but opinions differ—some find it essential, others a deal-breaker. If you're considering adding an in-ground pool, let’s dive into how it could impact your property value.

Real Estate in Cookeville, TN: The Value of Adding a Pool

According to the National Association of REALTORS® Remodeling Impact Report for 2023, homeowners who add in-ground pools can expect to see about a 56% return on investment. In terms of home value, your property might see up to a 7% increase at sale time, depending on several factors:

• Neighborhood Norms: In upscale neighborhoods where pools are common, lacking one might make your home harder to sell.

• Climate: In Tennessee's warmer climates, pools are often expected and can enhance property attractiveness.

• Design and Maintenance: A well-maintained, aesthetically pleasing pool can significantly boost your home’s value. Conversely, a neglected pool can detract from it.

• Space: A pool should complement your property size. It won't add much value if it overcrowds a small yard.

Building a standard 18x36 foot in-ground pool costs around $90,000, reflecting a considerable investment. Ongoing costs include maintenance, estimated between $80 to $150 monthly, and additional expenses for heating, electricity, and winterizing in colder months. Safety features like pool fencing are also crucial, potentially adding up to $15,000 in costs but crucial for preventing accidents.

Before making a decision, consider these aspects and consult top realtors in Cookeville, TN. Agents in Cookeville can provide insights specific to local market trends and help gauge how a pool might affect your home’s resale value.

Ultimately, while a pool can increase your home’s marketability and provide immense enjoyment, it represents a significant commitment. Weigh the pros and cons carefully. If the benefits align with your lifestyle and you’re ready to invest in making your home a haven for relaxation, a pool could indeed be a worthwhile addition to your Cookeville home. For those looking into homes for sale in Cookeville, TN with pools, or considering adding one, it's always best to work with knowledgeable real estate agents in Cookeville, TN to navigate these considerations effectively.