How renovating your pool will increase your Queensland’s house value
With summers getting scorching hotter and days becoming insanely longer, what’s the best way to beat the heat in Australia? Taking a dip of relief in your own swimming pool.
Swimming pools have been a part of the Australian lifestyle for decades. Down Under boasts the world’s highest per capita rate of pool ownership and has approximately 1.2 million household swimming pools.
As per Roy Morgan, Western Australia has the highest number of households with a swimming pool at 18%, but the real Queen of Oz swimming-pool heartland remains Queensland. Queensland pools take more than 17% of the state’s real estate, especially around regional Queensland.
But with the expense of housing rising in all major cities, Brisbane has become the star of Australia’s alfresco real estate industry.
The 2018 Queensland Property Market Report
Queensland real estate market is expected to experience an influx of the fresh wave of interstate migration making splashes. The “always summer”, ease of affordability, laid-back lifestyle, reduced traffic, and world-class beaches have made Queensland the next best thing of the Australian property sector in 2018.
As per QBE Australian Housing Outlook 2017-2020, Brisbane is rated at +20.6% while Sydney and Melbourne sit at -39.7% and -36.2% respectively.
But the sudden rise in household demand has its own disadvantages as well: Intense competition. As everyone is on a selling spree, it makes you a part of the glut which is bad news if you are eyeing to sell your property.
But adding a few twitches to your property can make it more appealing to the prospective buyers and will make the process of selling a property in Queensland less difficult.
How to make your property awe-inspiring in Queensland to buyers amidst heavy competition
Home improvements and pool renovations are the keys to making a property more pleasing to a buyer in Queensland.
Adorning your home with a few luxuries can also increase its value.
Best luxury features to improve your residential property for sale
In a survey conducted by Swimart, around 90% of pool owners in Australia believe that having an in-house pool boosted their property’s value with their estimates ranging between $10,000 and $100,000, with an average of $30,000.
Adding a concrete pool with a beautiful waterfall feature or giving your current fibreglass swimming pool a good renovation with a fresh new gel coat or colourful LED lighting can make it look more exciting, exclusive and by the latest house design trends.
Attractive Exteriors and Backyard
Impressive exterior wall decor, adding an alfresco living gazebo, beautifying coping and tiling, or adding bright outdoor lights add an expensive look and feel to your home, and gives your property an impressive curb appeal.
Remodelling your backyard pool area and adding a shaded outdoor kitchen garden not only adds to the value of your house but also brings the alfresco living concept to your property, a prime living trend for 2018.
Impressive exteriors add to the appeal of your property, but beautiful interiors will make it a sold out. Renovate your current staircase to a marble one for a more royal look or switch to a floating one to give it a modern “scandi” feel.
How a pool can increase your rental/selling prices
As we have mentioned above, a swimming pool is an Aussie centrepiece that makes most properties more alluring to prospective home buyers.
Pools are extremely popular amongst families with young children and teenagers. 10% of Australian families with children under six are willing to pay more for a home with a recently refurbished inbuilt swimming pool while the ownership rate doubles when it comes to families with teenagers aged 13–15 years.
Moreover, statistics from the National Association of Realtors show that a pool could boost your home’s value by 7%-9.8% or more under the right circumstances. In-ground pools are favoured by almost 10% of all Australian households whereas only 2.0% of households demand an above-ground swimming pool. In-ground concrete and fibreglass pools are most in-demand among home buyers and can further add up to 5% value to your home.
Things to Take in Consideration when Going for Pool Renovations
As per property research firms Domain Group and Real Estate Group, the median value for Brisbane city’s properties is around $500,000. So at 9.8%, renovating a pool could increase your property value by $50,000. That’s why before you re-evaluate your property and put it for sale, consider a pool renovation to increase its value.
Usually, choosing the right pool design makes your swimming pool THE effective asset that elevates the resale price of your home.
If you are planning to renovate your pool area to make its design more likeable, you will save lots of money by hiring a pool contractor in SEQ for pool renovations and resurfacing than getting a new one altogether.
Installing a new pool ranges from $25,000 up to $100,000 depending on the pool type you are aiming for in your property. If you still want a new pool, it is better to go for a fibreglass pool which cost between $25,000 up to $50,000 than installing a concrete pool that cost an average of $50,000 to over $100,000.
Refurbishing a fibreglass pool in Brisbane is a quick and cheap way to bring your outdoor living area back to life. For lucrative prices starting at $4,000, it is pocket-friendly for you to give your osmosis-infested, cracked, and deteriorating pool a fresh new top coat look to make it look as sound as a brand-new fibreglass swimming pool.
Hiring professional fibreglass pool renovators in Brisbane are a more affordable option than swimming pool replacement. Look for pool contractors, installers, and renovators who are licensed and insured to carry out the fibreglass resurfacing for you. Reef Pools charges as low as $40 per week for 18 months for fibreglass pool renovation and around $70 per week for 24 months for a full fibreglass pool resurfacing.
Give your pool a new life with Reef Pool
More and more people are moving to Queensland to enjoy a alfresco lifestyle. There is nothing more lucrative for you to give your buyers a great backyard with a swimming pool they can enjoy all summer long.
So before you put your house for sale, a bit of pool renovation can prove to be more than fruitful. An experienced pool renovation company in Brisbane such as Reef Pools can help you remodel your fibreglass pool. With decades of experience, Reef Pools understands the market and has helped hundreds of our clients to achieve their home improvement goals with a decked up pool area.