SkyFive Properties Blog

More than 5.5 million renters in the US have fallen behind in their rents since the pandemic. This has resulted in many landlords struggling to make their mortgage payments.

If you’re one of these homeowners, you’ll be looking for a way to get out from under your obligations. Selling a house as is might be the best solution to your problems.

How To Sell a House As Is?

When you’re selling your house in as is condition, the buyer understands you will not spend any time or money preparing the property for sale. Usually, a seller will take the time to do painting and deep clean a home in preparation for a sale. They will take care of minor repairs before they list and tidy up the landscaping.

You may attract a more extensive range of buyers when selling a house for cash as is. As is condition means the buyer will make their offer with the knowledge that deficiencies won’t be corrected if they identify them. It can save a seller time and money and may allow you to make a quick move if you have a job offer in a different location.

Prepare to Answer Buyer Questions

When you advertise a home for sale, you still have an obligation to answer buyer questions, even if you’re selling the house in as is condition. It may be a fixer-upper, but it can’t have undisclosed structural damage or other problems.

Learn more here about selling your house in Houston if you want to make a fast sale. They can help you sell a house as is. Most states have regulations requiring that a seller disclose any existing problems with the property, so it’s essential to check with an experienced realtor.

Lower Your Price Expectations

The answer to the question: how much do you lose selling a house as is, may surprise you. When you sell a house in as is condition, the buyer will offer less. The house may need repairs that you’re not willing to do, so that they will adjust the price for these costs.

In many cases, the buyer will want to make the repair choices for themselves, and your upgrades or changes are irrelevant to their decision. In the end, the loss in price is offset by the repair costs.

When you factor in your time and the cost of materials to do the repairs, the lower price may be worth it. If the house is a teardown, doing the repairs is a waste of time and money.

Pre-Listing Inspection

If you want your house to sell quickly, a pre-listing inspection will be an essential step to take. This inspection will enable you to follow the state laws and disclose facts about your property’s condition.

It will allow the buyers to see exactly what needs to be done in the home, and they will make an offer based on that information.

Selling a House As Is

Your decision will come down to weighing the advantages of selling a house as is rather than going through the complicated process of preparing and marketing your home for sale. The slightly lower price is a trade-off for the ability to move out and move on.

Did you find this article helped you decide to sell a house as is? If so, check our other helpful articles to discover different ways to solve your homeowner’s problems.

Did you know that homes sold faster than ever before in 2021? Eager buyers often paid over the asking price and kept inspection services very busy.

Are you considering inspecting a house before making an offer? Do you know why a pro home inspection is crucial to the buying process?

The following guide will explore the many benefits of a house inspection for both buyers and current owners.

Inspections Save Money

An inspection helps prevent purchasing a home with issues like bad pipes, electrical problems, or a faulty HVAC system. They also help identify more crucial and costly issues like roofing and foundation problems.

Once the inspection identifies these kinds of issues, you can budget for repairs or choose not to purchase the home. A simple 4-point inspection might end up saving you a lot of money and trouble.

Sellers should also consider inspections to prevent last-minute problems that could ruin a sale. Proper repairs and upgrades often lead to faster and more profitable sales. You can learn more here about how long the selling process typically takes.

Insurance Approval

Most mortgage lenders require you to protect your new house using homeowners insurance. But before getting coverage, most insurance companies need you to conduct a 4-point home inspection on the property.

Home inspections sometimes allow buyers to get a lower price on their insurance premiums. Any basic inspection can lower a premium but keep in mind that you might need to make repairs first.

Bargaining Leverage

Buyers often may purchase homes even after they find problems through a professional inspection. Sometimes sellers will agree to fix the problems before the sale or agree to a lower price.

You’ll get peace of mind knowing the seller will fix the problems or that you’ll save enough money to cover repairs.

Find Hidden Issues

You might have walked a property yourself, but not all issues are obvious. Infrared inspections use modern tools to find things like insulation problems and wood-rot. Note that infrared inspections are separate from basic inspections.

WDO inspections are another useful service that checks for termites. They can also find evidence of previous infestations and damage. If they find termites, you can plan accordingly and have an exterminator treat the property.

Wind Damage Protection

A wind mitigation inspection helps determine how prepared a house is for severe wind storms. They offer recommendations on how to make necessary improvements. These upgrades help stop expensive and dangerous damage from wind.

After this type of inspection, you might gain wind mitigation credits. The credits might help lower the cost of your homeowner’s insurance.

Ready for a Pro Home Inspection?

Now you know the advantages of a pro home inspection for both buyers and sellers. They address any issues to ensure a quick and fair sale for both parties. It’s essential for getting the most value out of your next home sale or purchase!

Remember this guide and consider getting both standard and specialty home inspections before your next move. Check out our blog for more important home buying and home improvement tips.

Are you afraid of foreclosures?

Among 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in 2019 were Atlantic City, New Jersey (1.33 percent of housing units with a foreclosure filing); Trenton, New Jersey (0.91 percent); Jacksonville, Florida (0.85 percent); Rockford, Illinois (0.82 percent); and Lakeland, Florida (0.81 percent).

Rising debt and stagnant income led to widespread economic hardship as families struggled to make ends meet.

Homeowners across the nation have fought valiantly to avoid foreclosure in 2022, even if the fate of COVID-19 is still to be determined. If you’re going through a rough patch financially, why not explore the options available to help you stay in your home?

5 Tips to Help Avoid Foreclosure

Foreclosure can be a very difficult and stressful process. If you’re having some trouble, use these five tips to help you avoid foreclosure in 2022:

Pay On Time

Make your mortgage payments on time. This will help you avoid missed payments and late fees, which can add up quickly and lead to foreclosure.

Contact Your Lender

If you are having trouble making your mortgage payments, contact your lender immediately. They may be able to work with you to find a solution that works for both of you, such as extending the length of your loan, lowering your interest rate, changing the type of loan you have, or temporarily stopping the payments you make, AKA forbearance.

Keep Up with Your Bills

Keep up with other bills and expenses. If you are struggling to make ends meet, it will be difficult to keep up with your mortgage payments. Budget carefully and cut back on expenses wherever possible.

Keep Track Of The Latest

Stay informed by keeping tabs on the economy and housing market. If you see signs that foreclosures are on the rise, take action early to protect yourself.

Sell Your Home

If foreclosure is on the horizon or it’s already at your doorstep, one option is to sell your home through a short sale. This is when the lender agrees to let you sell your home for less than what you owe on the mortgage. This shouldn’t be your first choice, but it’s still an option. For more information on short sales and selling your home in general, click here.

If All Else Fails, Here Are Your Final Options

If your attempts to avoid foreclosure are failing, don’t drag out the issue. Think of rectifying it as early as possible before it gets out of hand. If you already know you’re in trouble, one option is to try contacting a professional. A foreclosure attorney can help you understand your rights and options, and assist you in the fight to keep your home. If all else fails, you can file for bankruptcy. This will give you a little more time to catch up on your mortgage payments and get additional sources of income to help with your payments.

Take a look at our blog for more housing and real estate tips.

There will come a time when your home will need a little updating here and there. Regardless of how aesthetically pleasing your home is when you first move in, it will eventually look boring and old and in need of a little upgrade. Fortunately, there are many ways to give your home a modern twist without sacrificing or damaging the environment.

But how can you renovate a home in an eco-friendly way? In this article, we’ll show you six ways to modernize your home without sacrificing the condition of the environment.

• Install Solar Panels

The sun is one of the most powerful, renewable sources — and thanks to modern technology, you can harness this power in your home. When you invest in solar panels, you can collect the power of the sun and use it to power all of your home’s fixtures and appliances.

Solar panels are beneficial in several ways. For one, it’s a renewable energy source that doesn’t produce greenhouse gasses or air pollution when operating. It will also help reduce your energy bills, resulting in more savings every month. Homeowners can save around $1,400 every year on their bills after installing solar panels.

• Re-Face Instead of Replace

Just because certain items in your home look old doesn’t mean that you have to replace them immediately. Re-facing them is a better option because it allows you to recycle your valuables without wasting or destroying materials.

If your couches look outdated, change their upholstery to breathe brand new life into your living area. You can also repaint your cabinet with another color (make sure to use paints that contain less or no Volatile Organic Compounds or VOC) or reuse some of your old carpets into a doormat or headboard.

• Bring Pre-loved Items into Your Home

Who says you have to buy brand new every time you want to renovate your home? Buying pre-loved items is a better option because it saves lots of resources from creating new products and keeps your bank account happy.

Nowadays, you can buy all sorts of pre-loved items: from high-quality furniture to rugs to colorful artworks. As long as you know where and how to shop, you can also score some of the best blankets, throw pillows, and bedspreads when you buy pre-loved.

• Donate Unwanted or Unused Items

One of the reasons your home no longer looks as appealing as before is that it’s filled with too much clutter. Home clutter can hurt your home’s aesthetics, as well as your ability to focus, and cause your anxiety levels to increase.

Make your home feel and look brand new again by donating unwanted or unused items. Go through several rooms in the house and assess which items are still in good condition. Reach out to organizations and charities operating in your area and schedule a pick-up.

Taking this route is a win-win for you: you get to have more space to welcome new items, plus you can help organizations in need.

• Prioritize Energy-Efficient Appliances

You need to consider a lot of things when choosing appliances for your home. Aside from their aesthetics, you also need to assess whether these appliances are energy-efficient. You don’t want to pay higher utility bills every month, right?

When shopping for new appliances, such as microwave ovens, dishwashers, and refrigerators, choose energy-efficient ones. These appliances should have the Energy Star logo, indicating that they meet certain energy efficiency levels or standards.

Energy-efficient appliances are eco-friendly because they help prevent greenhouse emissions and reduce carbon footprint. These can decrease the effects of climate change and help protect the environment.

• Add Skylights

All parts of the electricity system affect the environment from its generation to delivery. This means the more frequently you use electricity at home, the more damage you can create to the environment.

To lessen your electricity use, especially during the daytime, add skylights to your home. Skylights provide natural lighting to your home without using electricity, making your interiors feel bigger and more open. Natural light also improves your sleep patterns and makes you happier.

Some of the best areas to add skylights to your home are the bedroom, bathroom, and kitchen. You can also add one in your remodeled attic to make the room cooler, especially during the summer months.

Start Working ASAP

As you can see, there are countless ways to modernize your home without damaging the environment. Regardless if you want to completely transform your home or just focus on some areas, there are several eco-friendly hacks to get the job done.

So, what are you waiting for? Gather all of the necessary materials, call professionals (if necessary), and start following the tips presented here. These tips are all you’ll ever need to bring a more modern feel into your home!

Buying a new home can be considered a significant investment. You’ve spent a considerable amount of money to cover the purchase price and other relevant expenses. Because of this, you’ll do everything to ensure the upkeep of your home and safeguard it against any unforeseen event. This is where home insurance enters the scene. It’s a type of insurance designed to insure your home and your possessions in case of a destructive or unexpected event.

However, if you’ve never purchased home insurance before, you might not know which one is right for your situation. You might not even have any idea what makes an insurance policy good or bad.

So, before choosing a new home insurance policy, below are the four things to look for in it:

Coverage  

As someone buying home insurance for the first time, you need to check out the coverage options available in your situation. Typically, a reputable insurer like OpenHouse offers the following standard insurance coverage options:

• Damage to your house: Under this coverage, the insurance company will compensate you for the repair or replacement in case of damage due to covered natural disasters, such as hurricanes, fire, lightning, and vandalism. However, there are certain damages or losses to your home and belongings that aren’t generally covered by the policy. These specific provisions in an insurance policy are known as exclusions. In that case, you may need a separate policy to ensure comprehensive protection.
• Personal liability for injuries or damages: This coverage safeguards you against lawsuits filed by other people. For example, if your dog has bitten your neighbor, whether in your place or theirs, your insurance company will pay for the medical expenses under your liability coverage.
• Additional living expenses: If you want to get compensated if you have to live outside your home during repair or renovation, you also need to look for a home insurance policy that covers additional living expenses.

Indeed, there are several coverage options to consider when looking for the right home insurance policy. For this reason, it’s essential to understand the type of coverage your home needs and work with an insurance company that provides it.

Level Of Coverage 

Aside from the different coverage options, you should also consider a home insurance policy with the right level of coverage. It’s essential to know that home insurance options aren’t created equal. Some come with cheap premiums, while others offer expensive ones. This means that the less costly your policy is, the less amount of coverage or protection you’ll get.

Thus, if you’re reviewing home insurance policies, it’s best to look for the following levels of coverage to help you make the right purchase decision:

• Actual cash value: It covers the value of your home and belongings after detracting particular depreciation value or the current worth of the items, depending on your home’s age and contents.
• Replacement cost: It covers the cost of your home and the value of belongings without deducting depreciation value. Generally speaking, it’s the best option if you want to repair your home based on its original value.
• Guaranteed or extended replacement cost/value: It’s considered the most comprehensive level of coverage because it aims to pay whatever costs are required to rebuild your home despite reaching beyond the policy limit. However, even if the policy offers more coverage, there’s a ceiling that needs to be observed, which is approximately 20% to 25% higher than the standard policy limit.

Deductibles  

When checking out home insurance policies, it’s also essential to look at the deductible. It refers to the amount of money you should pay from your pocket before the home insurance starts to cover the costs for damage or losses. Generally, if you choose an insurance policy with a higher deductible, you’ll have to pay lower monthly premiums. If the policy has a lower deductible, you’ll need to make higher monthly insurance premiums.

With those things in mind, make sure to consider your current finances before making a decision. Read the insurance policy first before committing to it to avoid financial problems down the road.

Discount Provisions  

Some home insurance policies provide a provision for discounts or reductions in the usual price of the insurance. For example, the insurance policy you consider might allow you to avail yourself of some discounts if you have a home security system that reduces the risk of break-ins or robbery. So, if you want to save some money on your home insurance, look for a policy that discusses how specific discounts can be given.

Final Thoughts  

Shopping around for home insurance can be stressful at times. But, it doesn’t have to be as long as you know what to look for in a policy. So, keep the information mentioned above in mind to find the one that suits your budget and other personal needs.

Homeowners do their best to keep their homes perfect for long periods.

Owning a house is wonderful, but it comes with a certain level of commitment, investment, and DIY projects.

Even if you don’t have a lot of time to keep your home looking neat, you will have to invest some money to keep it optimal.

If you decide to sell your home or rent it you will have better chances of doing so if your home is in pretty good shape.

Read on to learn how to boost up your home’s curb appeal, no matter the reasons behind that.

Use Windows

Did you know that a house with great windows is much more appealing to potential buyers or renters?

Windows are like the soul of a house, and if they are in poor shape, everyone will automatically assume that the rest of your home is in a disastrous state.

Is there a lot of draft inside your home? Your windows might be to blame.

When windows lose their efficiency draft becomes an everyday thing that makes you not only wear long sleeves longer than usual, but keeps your bills at a high rate as well: if this is the case with your windows you might think about shopping for custom replacement windows online that will provide you the perfect windows of your desire, while at the same time being energy-efficient, affordable, and easy to set. Plus, new replacement windows will instantly add to your home’s value on the housing market.

Go Green

One of the easiest and most affordable ways to boost your curb appeal is to invest in some greenery. Together, greenery and flowers will not only add to your home’s visual appearance but will also provide a needed shade and cleaner air.

For extra effect, you can install windows boxes. Always use plants that will enhance the existing beauty of your home.

If you are not sure how to use greenery to your advantage, think about hiring a professional.

Pro tip: Always take care of your lawn. Keep your lawn in great shape.

Paint (Or Replace) Your Front Door

The front door should always be well-maintained and ultra-clean. After all, this is your home’s main entrance, and it’s worth the investment.

Keeping the front door is easy. All that you have to do is to paint them, clean them regularly, and add a great doormat to make the whole entrance area stand out.

7 Fast Ways To Boost Up Your Home’s Curb Appeal

1. Add color to the front door
2. Paint the house
3. Upgrade your front porch light
4. Make your porch bigger
5. Repaint your fence
6. Add porch seating
7. Clean your roof

The Bottom Line

If you want to do something new and bold, do it. Just make sure that you agree with other family members on any new move.

For example, if you want your home to stand out, you can think about adding shutters. For that ‘wow’ effect paint them in attractive color.

No matter how you decide to boost up your home’s curb appeal, you should do your best to have a great care system that will help you maintain your home easily. Last but not least, don’t forget to have fun.

Did you know that the average homebuyer takes six months to find the right home and go through the buying process?

If you’re a first-time homebuyer, you might think that the whole process is complicated and confusing. But, nothing could be further from the truth. The home buying process is straightforward.

In this article, we’ll provide some tips on the essential steps of the home buying process. Keep reading about home inspections, types of mortgages, and much more information.

1. The Home Buying Process: Start Your Home Search

You can search for homes online, in newspapers, or with a real estate agent. Once you find a few houses you like, you need to have a clear idea of what you want and can afford. Once you have a budget and a list of must-haves, you can proceed to the next step.

2. Get Pre-Approved For a Mortgage

Lenders will estimate how much they are willing to lend you based on your income, debts, and credit score. This will give you a budget to work with when shopping for a home.

It will give you a clear idea of how much you can afford to spend and help you move when you find the right home. Be sure to work with a knowledgeable and experienced real estate agent to help you find the perfect home for you and your family.

Find a mortgage broker services that are simple, convenient, and less stressful. Guiding a range of mortgage and other financial products and teaching how to buy a house.

3. Find a Real Estate Agent You Trust

This person will be your guide through the process, helping you find the right home, negotiating on your behalf, and dealing with the paperwork. To find an excellent real estate agent, ask your friends and family for recommendations.

Once you have a few names, interview the agents to feel their style and knowledge. Ask about their experience with buyers in your price range and area. Finally, pick the agent you feel most comfortable with and who you think will best represent your interests.

4. Make an Offer on a Home

When it comes time to make an offer on a home, there are a few things to keep in mind. First, consult your real estate professional and get their recommendation on what offer to make.

Be sure to have your financing in order before making an offer. It is also essential to be aware of the current market conditions in the area where you are making an offer. This will ensure that you are prepared to close on the home if your request is accepted

5. Negotiate the Purchase Contract

This contract will bind the buyer and the seller together in the transaction. It is essential to make sure that all terms and conditions are agreed upon before signing this contract. Once the contract is signed, it is very difficult to change any of the times.

Invest in Your Future

Now is the time to buy a home, so get started today. The home buying process can be daunting, but you will own your dream home if you follow these five essential steps. Don’t forget to get insurance and home inspections to protect your new investment.

Looking for useful advice on topics like this? Keep exploring this site for more.

When it comes to applying for any type of job, you have to make sure you take the right steps to boost your chances of success. If you want to develop a career in a particular industry such as real estate, there are specialist steps you must take in order to break into your chosen career. This includes everything from getting the right training and certifications through to getting a solid resume sorted out to boost your chances of success.

It is very important to remember that a good resume is crucial if you want to improve your chances of being invited for a job interview when you have completed the necessary training to become a real estate agent. It can be very difficult to get through to the interview stage if you have no prior experience in this industry, but a professional resume can make all the difference. In this article, we will look at a few of the things to keep in mind about your real estate resume.

Important Considerations

You should never underestimate the importance of your resume, and this is why it is vital that you put plenty of time and effort into this. Some of the key things to consider when it comes to creating a great resume include:

Use Resources and Tools Online

One of the things you can do if you want to create an ideal resume to submit to real estate companies is to turn to online resume tools and resources. You will find lots of help available online such as real estate resume examples and templates that can help you to achieve the perfect finish for your own resume. These can be very useful tools for those who are unsure how to create an ideal resume to increase their chances of getting interviews.

Make Sure You Keep It Updated

Another thing to keep in mind is that creating a great resume is only the first step of the process. You then need to make sure that the resume is always kept updated, which is something that a lot of people forget to do. When you have worked hard doing training, gaining skills, and getting relevant experience, the last thing you want is to send off your resume without this information added to it. So, make sure you keep on top of updates to your resume as and when you have something new and relevant to add.

Create an Impressive Summary

It is also important to remember how crucial a great summary is for your resume. This summary should allow potential employers to assess your suitability for the position at a glance, and they can then go on to read the rest of the resume. Again, you can get examples of great resume summaries when you go online to help ensure yours is perfect.

These are some of the important things to keep in mind when it comes to your real estate resume.

Vineyards can be a worthwhile investment, and like any other investment, its success depends on you and how much effort you put into it. And like any other business, prior research is key here. If you are a “shoot first, ask questions later” -kind of person, you are set for failure. Preliminary research and knowledge are crucial in business. Never jump in headfirst into any sort of investments, especially expensive investments.

What Is A Vineyard

Often confused with wineries, vineyards are where grapes are grown, whereas a winery is where wine is made. While a vineyard may contain a winery, a winery too can have its own vineyards but the two are not the same thing.

A vineyard business is at the end of the day an agricultural business. Vineyard responsibilities include:

• Growing fruits (grapes)
• Harvesting the fruits.
• Pest control
• Planting news trees and plants.
• Maintenance of the groves
• Trimming and pruning
• Fertilizing and maintaining farmland

These are not all the responsibilities but merely some of the duties of owning a vineyard. Now you might be wondering what you can do with a vineyard? Here’s your answer:

• Grow and sell grapes
• Grow and sell grapes to wineries.
• Grow and make wine (by making a winery)
• Grow, sell and make wine.

What are the components of a vineyard:

• Farming land.
• Source of water.
• Irrigation system.
• Farming tools
• Machinery and Equipment for farming and harvesting.
• A team of staff, including farmers, harvesters, etc.
• Storage options
• A winery (Optional but recommended)
• Living spaces
• Office space

What to do before buying a vineyard?

The most important thing to do before owning a vineyard is research.  It is crucial and its importance is unsurmountable. You must do complete research on everything related to vineyards. Now I am going to list a few things that you MUST do or check before owning a vineyard.

1. Do your homework: I cannot stress this enough, do your research and calculations before buying or investing in a vineyard.
2. Condition or state of the vineyard: This is also a very important factor. The readiness of a vineyard is a crucial thing to consider. It could be a fully functional and already running vineyard or a vineyard that hasn’t been cultivated yet. Remember, it is always best to buy a running business instead of a business that hasn’t yet.
3. Availability of resources: Water is a vital resource for farming. Always check if the vineyard has access to a water source or has a proper irrigation system set up and usable.
4. Survey the property: Always get a professional assessment of the land’s soil. You should do tests to ensure the soil is suitable for the grapes you wish to grow, its condition, and its state.
5. Forecasting: Any business needs to forecast its projection, long-term goals, targets, earnings, and investments. Always get a professional or existing similar business owner to do this forecasting before buying or investing.
6. Current Market: An in-depth research of the market needs to be done. This includes the price of the products, demand for the product, target customers, future customers, and, current customers. Check out vineyards for sale online to get the best idea of what is involved in a vineyard investment.
7. Infrastructure: Check the existing setup for the vineyard. Check for things like machinery and equipment, storage facilities, testing and researching options, buildings and structures, etc.
8. Contacts in the industry: Having connections in the industry always gives you a leg up. It allows you to talk to experienced individuals who can help you with the business and become potential business partners later down the line, or even from the start.
9. Professional Assessment and Evaluation: Always hire a professional agency or organization to assess and evaluate any business you are willing to buy or invest in. This will help you make your decision faster and without mistakes.
10. Finances: This includes calculating your finances, cost to buy the vineyard, running the business, cost of improvement and upgrading the existing business, etc.
11.  Permits and Patents and Licenses: Check if you have permits for everything the vineyard needs or uses. Patents are also something many overlook, so look if any patent-related elements are involved in the business.

The Final Checklist For Buying or Investing in Vineyards:

• Plan your business goals and targets.
• Form it into a legal entity
• Taxes (paperwork and registration)
• Ensuring permissions and permits
• Licenses
• Get an attorney or lawyer
• Create a brand
• Marketing and Promotion
• Set up a proper business infrastructure.

Final words:

While the thought of owning a vineyard sounds like a dream and a walk in the park. It’s not about the aesthetic pictures on social media, nor is it like anything portrayed in mainstream media. The reality of owning and maintaining a business such as a vineyard or other real estate requires a lot of consistent effort.

You wouldn’t want your hard-earned money to go to waste at the end of the day, right?  So please do all necessary research and seek professional and legal advice before getting a vineyard. It has the potential to be a very profitable business and a rewarding and fun experience for you as well!

Having an indoor pool is not only mirthful but also useful in many ways. It adds value to your summer days. But does it add value to your property?

The answer precisely is yes and yet there are some key facts you have to take into consideration. Value addition to a house by having a swimming pool is a pretty good idea; especially when you want to sell it.

It should be noted that according to One House Logic Study a pool adds value to a house up to 7 % while in the analysis of HGTV tells that it can increase up to 8 %.  Brokerage Redfin, on the other hand, presents a report where the price value can rise from $11,591 to $95,393.

However, on either way to reach a successful point, you must meet certain conditions.

So, you need to answer some basic questions before adding a pool:

• Do you live around warm climate places like Florida or Arizona?
• Do your most of your neighbors possess an indoor pool?
• Are you in a real estate market?
• Do you have enough space to place a pool?
• Do you have insurance coverage?

Do you live around warm climate places like Florida or Arizona?

Warm states like California, Florida, Arizona, and Hawaii are suitable enough to have to pool and sometimes even badly in need of one. A family with kids would find it lovely to have a home where they can unfold their sunscreens, goggles, and towels and take a nice long bath. According to some home blogs you can keep your pool always clean by having a robotic pool cleaner and by using winter pool chemicals as needed.

In particular, facing this pandemic time of the Coronavirus people are looking for a house with a pool. They cannot just go to the beach out of whim and get sick. The Broker with Broadpoint Properties in San Diego mentions that people are especially seeking a home with having an indoor pool because they like to keep their all summertime entertainment within their territory. As dwellers cannot go out carelessly, having a pool makes sense and thus adds value.

Do your most of your neighbors possess an indoor pool?

If most of your neighbors have pools and you don’t then chances are higher that you are putting a lower value on your property. Consequently, your investment in a pool would be solid because most of your neighbors own one.

Are you in a real estate market?

Given these points, if you are in the real estate market and willing to sell a house quickly then having a pool might not be bad at all. It actually depends on the buyer’s capability and needs.

For instance, Raine & Horne, the chairman, and CEO of Real Estate company convey that – some buyers may shy away while some may get interested just because of having a pool. In this case, you need to know what area you are in and what type of customers you are most likely to deal with.

Do you have enough space to place a pool?

It is important to note that you should never place a pool in a way that dominates the space leaving a little or no yard. In fact, a customer’s decision essentially depends on the maintenance and presentation of the pool inside a house.

It would be better to talk to a real estate agent before including an extra pool in your property; maybe you will get some cost-effective ideas. Remember, it’s always better to consult before outlaying big money.

Do you have insurance coverage?

Most importantly, you must check if you have enough insurance coverage for the pool or not. Not having proper insurance can turn out to be an absolute nightmare. Plus, you must manage better access to machinery. Having a pool with poor maintenance is not enough; it must meet a standard to attract buyers.

Types of the pool to add value to a house

Most importantly, you need to have a strong idea regarding different types of pools and their status. Knowing the approximate cost you may come to terms with.

Above-Ground Pools

Above-Ground pools are cheaper compared to other types. Even so, you need to have a flat, level, and compacted base without any interaction of tree roots or hard rocks.  The side walls must be 48 inches to 52 inches. The taller a wall is the higher the price rises.

To install it you buy a kit and set it yourself. Or you might hire a professional. Aim for a kit that contains a wholesome package including a pump system, pool filter, and access ladder. On contrary, you may buy items separately. In that case, you have to invest an additional $500 to $1,500.

Inground Pools

Inground pools add aesthetic value to a home. However, they are not cheap. You will need on an average scale of $ 30,000 to $ 50,000 depending on the size. Differing from it, with amenities like landscaping, waterfalls, lighting, and large size you might even require more than $ 100,000.

If you want to add decency in your design, an inground pool is an ideal option. It ensures quality and attracts buyers easily.

Vinyl-lined pools

This type of pool is cost-effective and not pricy. It is made of rigid steel, composite panels, plastic, and thick vinyl. Also, vinyl pool kits are available which are eventually set on site.

Unlike other types, vinyl-lined pools are not strong. You need to replace it every 10 years and the cost is likely to be $3,000 to $4,000.

Find buyers with professional bits of advice. It is necessary to anticipate the right customers and their needs. That’s why you should work in collaboration with an expert real estate agent who can suggest you with ideal features of a pool and attract buyers.

Conclusion: Value addition to a house having a swimming pool is not a myth. It does add value but it largely depends on various facts like proper research on customers, climate, and cost. Given the current situation of the coronavirus pandemic, a pool can be an aesthetic social hub for a family replacing the beach or sea. So, it’s not a bad idea to place one.