Swimming Pool Not typical

[App601]

Now you tell us it is a glorified jacuzzi. Why not say that the first place instead of wasting people's time?
A pool of inferior utility will not command the same value as a regular pool. I find this very strange that you can go back to 2019 and somehow know what two different appraisers adjusted these sales for- what does the appraiser adjusted 8k mean - is it an assessor tax card, or did you see an appraisal?

I saw the DSCA and that was their adjustments No more sales with pools were found in 7 years

 

[App601]

The OP avatar is Puerto Rico. Usually, in a warm climate, a pool is a positive feature - is it just this subject subdivision or price point, or are pools in general not contributing value in PR?
Either homes with pools sell for more, or they do not.

Depends on the neighborhood.

 

[chad hampton]

I’d say any where south of the Canadian border a pool would add a little bit of value at the very least. Assuming it’s functioning.

I live in North Carolina and pools are damn near a dollar for dollar adjustment as long as it’s not an over improvement for the home and pool homes fly off the market these days.

 

[TerryRohrer]

State you are unable to determine, lack of data, if an inground pool adds value to the subject.

There is no more concise way to convey, "Hey, Ya'all, I am not competent for this task!

 

[sputnam]

If you have two sales with pools... no matter how old they are.... and you can find similar sales from the same time frame without pools, you have what you need to extract and support an adjustment.

 

[Overimprovement]

The pool is a glorified Jacuzzi measures approx 18 x 7

This is like saying red is not blue, but let's call it blue...

18x7 is NOT a pool. Unless you are speaking in meters. Is it feet or meters? If feet, what could you even do with that? Is it even in-ground? Is it a lap pool?

I'd rather have my 16' above ground pool than what you are describing, and I wouldn't place any contributory value on that, even if it was somehow permanently affixed. It cost me $500 a couple years back.

Do 7% of homes have pools or Jacuzzis (or whatever this is)?

 

[timd354]

Here in Western Oregon, where it rains about 70” to 90“ per year, swimming pools are rare, so rare in fact that we can forget about arriving at a credible contributory value via paired sales, etc. I and several other appraisers I know have for years followed the local assessor’s practice of giving a built-in swimming pool at $5000 contributory value, no matter how large or well built the pool. This is a rule of thumb approach that recognizes the swimming pool as an amenity, but minimizes its contribution given that most swimming pools end up getting filled by buyers who cannot justify the maintenance cost versus the benefits sporadically received.

If most swimming pools in your area end up getting filled in by buyers that would indicate that pools in your area likely have no value or actually have a negative contribution to the overall value of the proeprty.

 

[Terrel L. Shields]

This is a rule of thumb approach

it's got some value to someone and I'd hate to defend nothing.

Exactly the problem
I'd poll at least 5 brokers and ask what they think the specific item would add to the value. I'd trust a poll before I would guess.

 

[chad hampton]

I would use one of those cool adjustment software programs that they sell. It will tell you the pool adjustment is somewhere between -25K and +205K. And then it will make up a number in the middle for you to use.