13 Great Pool Homes Under $400K In The 32308 Zip Code
It's summertime in Tallahassee, how are you beating the heat?
We have corralled 13 of the coolest pool homes in the 32308 zip code, and they are all for sale for less than $400,000.
Which one do you want?
Pool Homes Under $400K In The 32308 Zip Code
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Do Pools Add Value To A Home When Selling
There is a lot of confusion and misconception about the value a pool adds to a home. The simple reason is that very few people measure this using all the data available in the housing market. Fortunately, I do.
The graph above shows the trendline of the valuation difference between similar homes with and without pools. Currently, on average, buyers are paying nearly $40K more for a house that has a pool (compared to those around it that do not have pools).
This is important to know if you are a home seller. You might be told that your home is worth something based upon how it compares with recent sales, but it is highly unlikely that the real estate agent considered the pool at all. So if you do have a pool, your home is probably worth more. Of course, if you do not have a swimming pool, it is probably worth less. It just depends on how your home compares with the properties selected in its evaluation.
Appraisers are making this mistake too. I see it all the time. The typical adjustment by an appraiser in Tallahassee for a pool is $10K to $15K, even though market data shows that is far too low. The data does not lie, buyers are willing to pay more for a home with a pool.
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Buying A Home With A Pool
If you plan on buying a home with a pool in the 32308 zip code, you need to understand that they are relatively rare (only 13 on the market below $400K right now) and highly prized. I suspect an analysis like the above one, but restricted to 32308 would show even more of an added value.
You might be tempted to buy a home with no pool and add that later, but the cost of that will be far higher (both in money, time, and anguish) than just getting a home with a pool already.
If you find the right home, be prepared to make a smart bid, as there remain more buyers than sellers for pool homes in the 32308 zip code.
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