Pool People USA is not a financial institution or lender. Please contact a bank or mortgage lender in your area for details about pool financing.
Often, financial lenders consider a swimming pool as a “home improvement” and
will look favorably upon financing because they see that it will increase the
value of the home, and eventually the resale value.
How much do you want to invest? Your cost depends heavily on
elements such as size, additions, hot tub, waterfall, screen enclosure, heater
(gas, electric or solar) and deck design.
Cost is determined by more than just the size and shape of the
pool. In an effort to save money on installation, make sure you’re not
compromising on workmanship, quality of materials, design, underground
strength, ease of maintenance, warranty and service.
Be sure to get as much information as possible about how the pool
will be built and exactly what equipment is being recommended.
Following is an estimate of pool installation costs. Check with
your local pool professional to determine an official estimate for your
backyard retreat.
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Aboveground pool with vinyl lining: around $5,900 fully installed
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Timber decking: from $2,000 to $5,000
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Excavation: starts from around $2,400
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Concrete pool: around $26,000
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Fully tiling in-ground pool: add $10,000 to $30,000
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Fully automated pool: around $50,000
Financing solutions
Pools are typically financed through long-term mortgage
programs similar to the one you likely obtained to purchase your home. This
allows you to spread out the payments over a longer amount of time, making your
monthly payments manageable.
The key to successfully financing your pool is finding a lender who knows the
nuances of the pool-building process.
Here are some tips when shopping for pool financing:
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Some pool builders offer in-store financing, allowing them to easily tailor a
manageable monthly payment for you. They can often get you approved in 24 hours
or less. The builder can explain financing options, loan terms and current
interest rates.
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A bank might handle one swimming pool loan a week, but pool builders who offer
in-store financing do them all the time, so you can be assured that you’ll be
speaking the same language.
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If you’re building a home, consider building your pool at the same time. Talk
with your building contractor to learn more about this opportunity.
ADDING VALUE
Does a pool really add value to your home?
G. Stacy Sirmans, Ph.D., a real estate professor at Florida State University in
Tallahassee, and colleague David A. Macpherson, Ph.D., decided to find out.
Looking at selling data from more than 28,000 homes, the pair examined what
attributes led to the overall value of a home.
Bottom line, the study found that the presence of a swimming pool “… is
generally positive and significant.”
Consistently across the country, pools proved to be positives. The study found
that in-ground pools can increase the value of a residential property from 8
percent to as much as 15 percent.
Following are some examples of how home values are affected by pools across the
United States
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In the Northeast, a pool adds 4 percent to 6 percent to a home’s
value.
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In the Southeast, the effect ranges from 5 percent to 10 percent.
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The Midwest is similar to the Northeast, with the average effect
on value being about 6 percent.
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A pool seems to weigh in the most in the Southwest, where studies
show the effect on a home’s value to be between 8 percent and 13 percent.
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A pool is important in the West, but the effect on value is less
consistent than in other areas. In the West, the average effect on value ranges
from 5 percent to 13 percent.
Go outside, and pools rank right up there with garages, decks and porches among
the external features most frequently used in explaining selling prices. A
swimming pool “never has a negative effect on selling price, although it has
been not significant in some studies,” the study concluded.
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