I’d say that it is 50/50 between pools being built at new homes to existing homes. In fact, four of the six pools that we are currently installing are for existing homes
Kelowna, BC (PRWEB)
May 30, 2017
With Central Okanagan housing starts continuing to rise this spring and an exceptionally hot summer on its way, a Kelowna construction company says more and more homeowners are also considering home renovations and the kind of Kelowna pools that could increase the resale value of their homes.
Whether or not the pool will increase resale value is not a simple yes or no, says Norm Kneller, a Kelowna contractor and owner of Rafter 4K Contracting, who has been in the construction business for more than 25 years.
According to the Okanagan Mainline Real Estate Board (OMREB), the average price of a residential single family home in the Central Okanagan (as of April, 2017) was more than $600,000 due to the high demand in inventory, and it tends to be from middle-to-high end homes where Kelowna pools are being built, added Kneller.
There is also huge interest this year related to the existing housing market and installing Kelowna pools as part of home renovations. According to OMREB’s April 2017 report, the Central Okanagan, demand for properties in the valley is strong, and agents are seeing a “traditional” market for spring. With high list prices and not as much housing inventory, many homeowners are opting to ‘upgrade’ their home.
“I’d say that it is 50/50 between pools being built at new homes to existing homes. In fact, four of the six pools that we are currently installing are for existing homes,” said Kneller.
“Kelowna is a bit different from other…