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Do Pools Make a Home More Sellable? Some Experts Say Yes

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Do Pools Make a Home More Sellable? Some Experts Say Yes

Experts consider homes with pools to be of higher value. On average, a swimming pool raises your home value by approximately 7%. In 2019, homes with pools had an extra $16,137 on their selling price. When the global pandemic hit last year, these same homes incorporated an additional $27,000 on their selling price compared to homes without their own private backyard oasis. Thus, pools definitely make a home more sellable, by how much depends on several factors.

Do Pools Make a Home More Sellable? Some Experts Say Yes

Sellers who stay in warmer regions are more likely to obtain higher profits when selling a house with a pool. This is because there is a high demand for houses with swimming pools in areas with high temperatures. A realtor with Remax Gold, Julia Beals, says, “In California, houses with these features cost $50,000 more than houses without swimming pools.”

Managing editor for HomeLight, Caroline Feeney, says that the covid-19 pandemic forced most homeowners to revamp their backyard spaces. This is because they spent more time at home and all recreational facilities got closed. She says, “Many homeowners bought baby pools online to keep their kids occupied during summer. Also, homeowners were trying to create a mini-escapade in their backyards following the covid-19 travel restrictions.”

Does installing a swimming pool increase your property’s value?

In 2020, the global pandemic brought about a surge in demand for pool construction services. Therefore, realtors report that the selling price of homes with pools is likely to go up by a large percentage. Even so, don’t expect to recover all your total pool installation costs by selling your house. Constructing a pool is incredibly expensive. You might only recover a certain percentage of your pool construction costs. So, don’t sell your house with the hopes of recovering your pool construction costs. As a pool owner, ensure you keep your pool in good condition so that it can attract potential buyers quickly.

Practice all pool maintenance measures

Typically, every prospective buyer gets attracted to clean and well-maintained pools. Once they see that your pool is in good shape, they won’t hesitate to make their purchase. Therefore, you should do your very best to keep your swimming pool in good condition. Otherwise, you would turn off potential buyers. Feeney says, “If the customer sees the area as somewhere they can have fun with their families and relax, they won’t think twice about buying it. Regular pool maintenance undoubtedly makes your home more marketable.”

Clean the entire pool using the right equipment. Use a skimmer net to remove floating debris and a robotic cleaner to remove dirt inside the pool. Additionally, ensure you have the correct pool pH, calcium hardness levels, and chlorine levels in the pool. It would be best to hire a cleaning professional from time to time. You’ll only spend approximately $150 to $200 when you hire a cleaning professional. Before winter, close your pool through winterization. Moreover, always examine the swimming pool for cracks among any other signs of damage.

Pool safety is important

As a pool owner, you have to observe various safety regulations issued by the state. Every state has specific guidelines regarding pool safety. For instance, some states require you to fence your pool area and use an automatic pool cover. This way, you prevent your kids from falling into the pool accidentally. There is a broad spectrum of pool fences and covers available in the market. Always choose the one that caters to your requirements. When your pool has all safety features in place, it will attract potential buyers.

Keep your pool deck in good condition

Another way to market your home is to make sure your pool deck is in good condition. The pool deck significantly contributes to the aesthetics of your yard. There is a wide range of materials used to construct pool decks. Some include concrete, wood, and stone. Each of these materials offers distinctive aesthetics. Regardless of the deck material, always ensure your deck is in good shape. Check the pool deck to see whether it has cracks, among other defects. Fix your pool deck problems immediately after you identify them.

Keep the yard clean

Do your best to reduce clutter in your pool area. Ensure your area is free from toys and personal items. Also, sweep your pool area to remove all kinds of dirt and debris. Doing this helps you find a potential buyer quickly. You can also improve the aesthetics of the pool by adding extra water features. Some of the best water features to incorporate include pool lighting, waterfalls, sheer descents, spas, and pergolas. Keep in mind that water features help you increase the value of your pool.

Conclusion

From this post, it is clear to see that pools make a home more sellable. Nonetheless, it would be best if you kept your pool in good condition to attract more prospective buyers.

4.9/5 - (11 votes)

Pool News coverage brought to you by Pool Magazine's own Marcus Packer. Marcus Packer is a 20 year pool industry veteran pool builder and pool service technician. In addition to being a swimming pool professional, Marcus has been a writer and long time contributor for Newsweek Magazine's home improvement section and more recently for Florida Travel + Life. Have a story idea or tip you'd like to share with Pool Magazine? Email [email protected] your story idea.

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BofA Downgrades Latham Group Citing Weak Pool Construction Market

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BofA Downgrades Latham Group Citing Weak Pool Construction Market

Latham Group (NASDAQ: SWIM), a prominent player in residential swimming pool construction, faced a setback as Bank of America downgraded its stock due to concerns over sluggish new pool construction and increased decrementals.

With the downgrade, SWIM’s stock plummeted by 23.78% during pre-market trading on Wednesday, settling at $2.50, marking an 11% dip below its 200-day simple moving average.

Bank of America revised its recommendation on Latham Group stock to Underperform, slashing the price target from $4.50 to $2.60.

In its 2024 guidance announcement, SWIM projected revenues between $490M and $520M, falling short of the consensus estimate of $533.09M. Similarly, adjusted EBITDA guidance ranged from $60M to $70M, representing an 8% to 35% decrease compared to previous expectations.

The downgrade stems from a sluggish start to 2024, subdued projections for new pool construction, operational challenges leading to deleverage, and constrained free cash flow.

Management anticipates a 15% year-over-year decline in new pool construction for 2024.

These developments contrast with the optimistic sentiment among some sell-side analysts, who maintain a Buy rating on SWIM with an average price target of $3.54.

Scott Rajeski, President and CEO, stated, “Latham navigated a very difficult market environment in 2023. We successfully implemented cost reduction programs and lean manufacturing initiatives that structurally reduced our cost basis, while maintaining our investments in future growth. These cost reduction programs improved margins as the year progressed and we expect they will enable us to considerably expand margins and overall profitability once volumes recover. At the same time, we increased productivity and efficiency for our dealers, developed new fiberglass pool models, and invested in digital tools that have enhanced the consumer’s pool buying experience. As a result of these actions, Latham is positioned for meaningful market share gains as overall industry conditions improve.”

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Fluidra Launches €20 Million Venture Capital Fund – Fluidra Ventures

The company will invest €20 million in tech-based startups that offer emerging solutions that can enhance the pool and wellness sector.

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Fluidra Ventures

Fluidra, a global leader in connected equipment and solutions for the pool and wellness sector, is launching Fluidra Ventures, a €20 million corporate venture capital fund (CVC) investment to lead innovation in the sector.

The CVC will invest in each startup with the potential to revolutionize the industry on a global scale through their solutions, with a special focus on the United States and Europe. The goal of this first three-year phase is to build a solid portfolio of startups through investing in innovative companies.

The CVC will target startup initiatives that enhance efficiency, connectivity, sustainability and safety in the swimming pool and wellness business, leveraging IoT, computer vision and robotic solutions. It is looking for startups that add value to the pool and wellness sector with innovative business models, fostering direct customer interaction through sales, subscriptions and other channels. The CVC has already invested in Coral Smart Pool, a technology company aiming to transform the pool experience through Artificial Intelligence (AI) with an initial focus on pool safety.  

Fluidra Ventures will also invest in companies that innovate in engineering and science to advance materials and products that deal with swimming pool manufacturing, efficiency and maintenance.

Four segments and eight strategic guidelines

The fund is focused on four different segments — Commercial, Residential, Wellness and Mass Market—and has an investment thesis that covers eight strategic guidelines, from connected pools, resource optimization, digital platforms, innovative materials, security systems, personalized experiences, robotics and innovative consumable products.

Fluidra Ventures is fueled by Fluidra Lab, Fluidra’s open innovation division, and any startups that want to submit their proposals can send their investment pitch decks to [email protected]. Offering more than just investments, Fluidra aims to leverage this initiative to become the top strategic collaborator for the most innovative startups with the tremendous benefits that being an industry leader brings, such as: resources, scale successful business models, expertise, experience, and sales options.

“This initiative joins several others that we have at Fluidra to promote innovation in our industry. This is why here at Fluidra Ventures we’re excited about the transformative potential that this venture will have for the pool and wellness industry, driving forward innovation, sustainability and technological advancement”, said Eloi Planes, Fluidra’s Executive Chairman.

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Coverings Sneak Peeks New Products for 2024

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beautiful stone outdoor patio seating area showing Coverings - 8 Landmark Ceramics - Slate Design Project - TCNA - Coverings

March 7, 2024 – Atlanta – Coverings (coverings.com), North America’s largest international tile and stone exhibition and conference, has revealed a curated first look at the new tile, stone, tool, installation and technology products that will be at Coverings 2024, April 22-25, 2024, at the Georgia World Congress Center, in Atlanta.

Ceramics of Italy, Tile Council of North America and Tile of Spain, Coverings’ three primary sponsor pavilions, will feature an invigorating showcase of tile and stone with a focus on design, functionality and sustainability. Showgoers will benefit from a firsthand experience of the hottest product trends and newest innovations shaping the future of the tile and stone industry. Attendees of Coverings 2024 will also have the opportunity to engage with top tile and stone industry experts and source products from more than 1,000 global exhibitors, representing 40 countries.

The following is a select preview of the newest tile and stone products Coverings 2024 exhibitors will be featuring:

Anima Wonder, by Ceramiche Caesar SpA, faithfully interprets natural inspirations with charm and personality. It is available in three functional sizes and eight different color nuances to meet various design needs and applications. Coverings 2024 Hall B, exhibit booth # 3635.

Cannè, one of the latest series by Ceramica Rondine, is available in five color shades, each offering the freedom to create unconventional styles. Light colors offer a harmonious fusion of structure and comfort with three-dimensional, parallel lines to restore brightness and refine the space. Coverings 2024 Hall B, exhibit booth # 4055.

Chroma, a new addition to Appomattox Tile Art’s Ready-To-Ship collection, offers a stone mosaic design reminiscent of pixilated abstractions that brings a burst of color and versatile personality to any room. Coverings 2024 Hall C, exhibit booth # 7359.

Forme, by Emilgroup, is the latest Emilceramica collection inspired by the four natural elements – earth, wind, fire and air. Forme reaches into the distant past to delight the most contemporary taste with a warm and welcoming aura combined with refined design and outstanding performance. Coverings 2024 Hall B, exhibit booth # 4075.

Geo, a new collection from Halcón Cerámicas, delivers an exploration of limestone’s serene beauty, offering not just inspiration, but a language that speaks of history, culture and natural art. Coverings 2024 Hall B, exhibit booth # 2859.

Lenox Lappato, by Emotion Ceramics, presents new finishes to the company’s most acclaimed marble. Lappato redefines elegance with each piece of porcelain stoneware shining with captivating splendor and soft textures offering a pleasant and subtle tactile experience. Coverings 2024 Hall B, exhibit booth # 2859.

MUSA, a new collection introduced by BESTILE, showcases the perfect fusion between craftsmanship and innovation. Its nine-color palette evokes the warmth of tradition while enhancing the beauty of nature. Coverings 2024 Hall B, exhibit booth # 2755.

Slate Design Project,Landmark Ceramics’ new porcelain collection inspired by natural slate, combines beauty, rich textures and a distinctive appearance with the superior performance of porcelain through its two distinct surface personalities: Coverings 2024 Hall C, exhibit booth # 7336.

QuarryBasics® Ironspot, from Metropolitan Ceramics, puts heavy use, functionality and visual appeal at the forefront, supplying a durable, matte finish quarry tile designed with a subtle, through-body look. Coverings 2024 Hall C, exhibit booth # 7229.

Quartz Stone Grey Matte,the newest in Cicogres’ Quartz Stone collection, encourages creative design experimentation while enhancing the natural allure of stone to foster spaces with distinctive personality and visual delicacy. Coverings 2024 Hall C, exhibit booth # 2859.

SENSI NUANCE, a new collection introduced by ABK, derives inspiration from the most elegant of marbles while embracing the vast world of color. The collection is the result of in-depth research into colored marble varieties and stands out for its luxurious contemporary palette of colors. Coverings 2024 Hall B, exhibit booth # 3544.

Sinai,by Coem–Fioranese, is a newly introduced collectioninspired by the timeless beauty of Golden Sinai stone mined in Egypt. Its dominating golden shades with grains from beige to pale brown add a charming flash of color to any space. Coverings 2024 Hall B, exhibit booth # 3534.

Tessino, an elegant and versatile new marble collection from Azulejos Benadresa (AB), presents in awide range of colors adorned with white veins that fill it with nuances. Its wide variety of formats and finishes offer a vast array of design possibilities. Coverings 2024 Hall B, exhibit booth # 1959.

Blue Ridge Porcelain™ collection, by Wonder Porcelain, takes inspiration from the stately trees of Tennessee and the majestic Blue Ridge Mountains to craft an understated, minimalistic wood porcelain tile look. Coverings 2024 Hall C, exhibit booth # 6925.

Up, LA FABBRICA AVA’s new single-fired wall tile series, showcases an unexpected sculptural plasticity from its raised surface that is refined through plays of projections and recesses. Light molds its shapes into sinuous geometric effects, which can be further accentuated by combining different colors and surface finishes. Coverings 2024 Hall B, exhibit booth # 3554.

Vermont, by Baldocer,combines the extraordinary beauty of American oak wood with the best-performing ceramics to create an exceptional new collection. Vermont provides natural inspiration through its porcelain and white body models as well as its four distinct color and size options. Coverings 2024 Hall B, exhibit booth # 1917.

Vertical Illusion – 3D Architectural Wall Panel, by Unique Design Solutions,reimagines interiors with fresh new lines and modern designs that create the illusion of height or depth in any room. Coverings 2024 Hall C, exhibit booth # 7363.

A preview sampling of new installation materials, tools and technology products slated for Coverings 2024 includes the following:

ARDEX TLT Shower Systems, from ARDEX Americas, provide a simple, all-in-one solution for tiled shower installations, offering a strong, lightweight, vapor-resistant tile base for wet areas. The pre-sloped, waterproof shower bases are designed with a patent-pending, built-in drain assembly. Coverings Hall C, exhibit booth # 7551.

MAPEI’s Carbon Zero family of products are fully carbon-offset throughout their entire life cycle, a status achieved by calculating the product’s carbon footprint and reducing it to zero through efficiency measures in-house, as well as the acquisition of certified carbon credits supporting renewable energy. Coverings 2024 Hall C, exhibit booth # 7736.

GRABO, Nemo Power Tools’ next-generation fully electric suction cup, revolutionizes how stone, tile, glass and pavers are effectively handled and installed, providing a faster, more effective way for installers to work. Coverings 2024 Hall C, exhibit booth # 7853.

Leveling Compound Mixing Station, from BIHUI USA by Better Tools, allows hands-free mixing for up to 5 bags of thinset with a speed of up to 650 RPM. Its lightweight body and arc-shaped spout make for easy pouring of self-leveling cement, compounds and epoxies. Coverings 2024 Hall C, exhibit booth # 8145.

The Level Best, Best of Everything’s (BOE) new leveling system, offers a wider base for lifting and leveling large tiles, clear windows to see corners and edges, and convenient wings for easy tightening. Coverings 2024 Hall C, exhibit booth # 7849.

LATICRETE Profiles & Trims, by LATICRETE International Inc., offer a comprehensive array of more than 4,000 profile and trim options, providing the perfect solutions for floors, walls, coves, stairs, expansion joints and more. Coverings 2024 Hall C, exhibit booth # 7758.

These and thousands of other products can be seen in-person next month at Coverings 2024, April 22-25, at the Georgia World Congress Center, in Atlanta.

To view all Coverings 2024 exhibitors prior to the show, visit the detailed online exhibitor list and show floor map.

For more information and to register for Coverings 2024 at no cost, visit coverings.com.

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