Housing Values

If you could list your city and state, that may help others answer.

However, the best place to find this answer would be to find a local Realtor to ask. Look at the listings in your neighborhood and see which Realtors show up more often. Call them and ask for advice. Many Realtors are happy to offer advice to HOAs and they know your market best.

In general, the effect on value has to do with the norm in your area. If most neighborhoods like yours (similar houses, location, style, age price, etc) have a clubhouse and pool, then your neighborhood not having one would hurt values. This varies dramatically across the country.

It also sounds as if your neighborhood is on the upscale end of the market, so buyers paying higher prices expect more amenities. Lack of amenities may translate into lower prices or longer resale times, depending on how hot your real estate market is.

I am a Realtor in Illinois, and can state generally so long as the pool and clubhouse are maintained properly and your dues do not become excessive because of them it will add value to your homes considerably.

If the dues become high for your particular area, the pool is not mainatined, reserves are not set aside to cover maintenance,etc. your property would become undesirable for those who know that because of the financial insecurity of the community that then comes into play.