The disadvantages of having a pool
The cost of constructing a pool is significant, and the ongoing costs of maintenance and repairs can also add up. Not to mention the added energy bills of powering pool cleaning systems. Purchasing a home with an existing pool can save you the headache and cost of installing one.
There are associated costs with pool maintenance that can't be avoided. For general upkeep and supplies, expect to spend $1,200 to $1,800 per year.
Pools are certainly popular, and recent research suggests that adding an in-ground pool can boost your home's worth by around 7 percent. But the cost of pool installation and ongoing maintenance expenses may outweigh the potential value increase.
Designing and building a swimming pool is a complex process, and it can come with numerous stresses. Some of the common stress-inducers of pool construction involve: Unsupervised construction / negligence.
What is the typical financing for a pool? Home equity loans and lines of credit work well for homeowners who have enough home equity to cover pool costs. Homeowners without enough equity may need to consider an unsecured personal loan, also known as a pool loan.
The average lifespan of an in-ground pool is 20 to 30 years depending on the material used. This compares very favorably with above-ground pools. These generally last 8-15 years.
Water flows into the swimming pool through a sleek U-shaped metal channel. Last year, houses with pools in the L.A. metro area sold for an average of $95,392 more than similar homes without them, a recent Redfin report says.
Inground pool costs differ depending on the pool's material as well as its shape and size. According to HomeGuide, the total cost of an inground pool ranges from $28,000 to $55,000, or about $50 to $125 per square foot. That's an average cost of $35,000.
Owning a pool does involve some effort, as well as ongoing expenses. But in most cases — and with the right mindset and knowledge — pool ownership can be a rewarding experience that brings joy and creates family memories for years to come.
Pools are Less Expensive Than Many Alternatives - A swimming pool can cost less than a big family vacation. It will last a lot longer, too. A weeklong cruise for a family of five can be a lot more expensive than many swimming pools.
Size: The larger the pool, the more labor and materials will be required, thus the higher the cost. Material: Vinyl is generally the least expensive pool material, followed by fiberglass and concrete. Style: Opting for a simple prefabricated shell in a common style will be much less expensive than a customized design.
Swimming in the pool is a great way to stay fit, and a fun way to exercise as a family! It can be especially motivating to exercise when you can do it from the comfort of your home, and we think this is a huge plus to having a swimming pool in your backyard.
Some potential home buyers, especially those from out of state, are not used to the heat in Florida. These are the buyers that will look for homes that have a pool when out house hunting. This is why having a pool will increase the value of your home anywhere from 5% to 8% in Florida.
If you want your pool to be ready for the summer, opt for a spring installation. However, if you want the best price, build your pool in the fall or winter.
Generally, pool water needs to be replaced once every five to seven years. This should be done during mild weather so that your pool surface is not at risk from strong sunlight and heat. Your pool maintenance company can recommend when it is time to drain your pool.
The professionals at Leslie's Pool recommend thoroughly cleaning your pool at least once a week. In addition to vacuuming, they say you should brush your pool's walls, steps and floors to remove dirt and debris, and skim the water's surface and pool floor to remove leaves and other items.
Factor it into a new mortgage: If you decide early on in the home buying process that you want to add a pool to your new home, you might be able to consolidate the cost of your new pool directly into your new mortgage. However, not all lenders will allow this, so you will need to ask to see if this is possible.
Maintaining a pool can cost anywhere from $200 to $400 per month. Keep in mind that closing and opening a pool is different from this number. Aside from the swimming pool maintenance costs, you also have to consider the additional money you need to shell out for water and electricity.
Credit requirements for pool financing vary depending on the lender and the type of loan you use. Minimum scores might range from 600 to 680. If you want to finance a pool using a home equity line of credit or home equity loan, you may need a credit score of 720 or higher.
Bigger is not always better.
It makes sense to build a smaller pool if you want to save money. After all, it costs more for the pipes, the filters and the other items as you increase your pool size. Keep this in mind: If you're building the pool for your kids, they would rather have a small pool than no pool at all.
Swimming can improve mood in both men and women. For people with fibromyalgia, swimming can decrease anxiety, and exercise therapy in warm water can decrease depression and improve mood. Water-based exercise can improve the health of pregnant people and has a positive effect on the pregnant person's mental health.
How much do pool companies make? That depends on how much business they can handle. But according to one study, gross profit margins are ideally 22-28% and net profit 5-7%.