In consulting with homeowners 9 times out of 10, they ask pool contractors “How much pool can I afford?”. Many homeowners dream of having their very own swimming pools, especially after the heat of summer settles in. But after assessing the price, a great deal of prospective pool owners give up before they begin.It does not need to be like that.With the right financing, an in-ground pool may be less expensive than you might think, while also bringing a lot of enjoyment and adding to your home’s value.
There are four good choices to finance a swimming pool: home equity loans (HEL), home equity lines of credit (HELOC), cash-out refinance mortgages, and personal loans. Let’s have a look at swimming pool fund options today.
How Much Pool Can I Afford?
According to PoolContractor.net, a mean pool installation prices $25,224 using a typical range between $12,985 to $37,731 — this includes both above-ground and in-ground pools.The kind of pool you choose can drastically affect the overall expenses.
Price Difference Between Inground Pools & Above Ground Pools
In-ground pools, for example, can be quite costly, ranging from $35,000 to $65,000 (roughly $50 to $125 per square foot without add-ons and updates ). While above-ground pools range from $1,500 to $15,000. In-ground pools tend to add more home value than above-ground pools because they are generally considered more aesthetically pleasing.
How much you will spend too depends on the pool’s size and shape, the building materials (concrete, fiberglass, or vinyl), the setup costs, and any”extras” such as a spa, slide, diving board, etc.. Also, keep in mind, that lots of homeowner’s insurance coverages and local municipalities require fencing around pools to safeguard children and pets from falling in, which may increase costs. If that doesn’t answer the question “How much Pool Can I Afford”, well… just keep reading.