Why Are Inground Pools So Expensive?

What is a good size swimming pool?

It’s recommended having a depth fewer than six feet to meet most pool needs.

For a family of six to eight people, an 18 foot by 36-foot pool is recommended.

This should be sufficient to avoid crowding and allow for the playing of games.

Rectangle shaped pools look best for this size..

What credit score do you need to finance a pool?

670What Credit Score Do You Need to Finance a Pool? Although individuals with less-than-desirable credit scores may still qualify for pool financing, in general, however, you’ll want a credit score of at least 670, though scores of 740 or higher will result in lower interest rates and more affordable monthly payments.

Are inground pools a good investment?

A pool is a great addition to any home but makes more sense if you live in a warmer climate and a posh neighborhood. The average cost of installing a pool is about $28,000, while maintenance can run as high as $4,000. Having a pool will only boost the value of your home by a maximum of 7% in certain circumstances.

What is the best type of inground pool?

A popular choice is a gunite swimming pool because it is highly durable and it can be created in just about any shape. Gunite pools use a rebar framework that is sprayed over with a concrete and sand mixture. Gunite is exceedingly durable, so swimming pools made of this substance are built to last.

How much does it cost to put in a small inground pool?

As a rule of thumb, basic inground pool packages for vinyl pools will run $25,000-$45,000, fiberglass pool packages will run $40,000-$60,000 and concrete pools will run $50,000 and up unless you are fortunate enough to live in the sunbelt states like California, Florida, or Texas.

How much does having a pool increase homeowners insurance?

According to Zacks Investment Research, insurance companies typically recommend increasing liability coverage from $100,000 to $500,000 when installing a swimming pool. In states where swimming pools aren’t standard, Zacks says, such an increase might add $50 to $75 to a homeowner’s insurance annual premium.

How much does a pool add to electric bill?

Your monthly electric bill may increase by $30 to $150, depending on your pool’s filter type. Add an additional $50 to $250 if you have a heat pump 2. How much does it cost for a pool guy?

How much does a 16×32 inground pool cost?

Fiberglass swimming pools that are 16×32 will likely cost over $45,000 for very basic packages, but you can expect to pay more for upgrades and additional features. Concrete pools of this size can cost over $65,000 for basic packages.

What type of loan is best for a pool?

What is the best way to finance a pool? A cash-out refinance might be the best way to finance a pool if you’re also interested in getting a lower mortgage rate. But if you prefer access to a line of credit, a HELOC is a better match. For a fixed-rate and a fixed monthly payment, you can think about a home equity loan.

How much does it cost to put in an inground pool yourself?

You should expect to pay between $25,000 and $45,000, including basic installation fees. This is the only type of pool that adds value to the price of your house at resale. The price of an inground pool varies based on the coating selected.

Are houses with pools harder to sell?

It won’t be easy since a swimming pool can actually make your home harder to sell. Many buyers consider it a liability rather than a luxury. Under the right circumstances, however, a pool could boost your home’s value by as much as 7%, Houselogic estimates.

How much is it to build a pool in your backyard?

The installation of in-ground pools can range between $20,000 to $100,000. This is merely for the installation of the pool, and doesn’t factor in other building projects such as paving around the pool or decks, which can cost anywhere between $1500 to $5000.

How much should I expect to pay for an inground pool?

An in-ground swimming pool costs $35,000 on average with most paying between $28,000 and $55,000 depending on the pool type, shape, size of the pool, and degree of customization. A small fiberglass pool costs $18,000 while a large concrete pool costs $60,000 or more.

Can I build my own inground pool?

DIY pool installation is hard work but not difficult; and after the job is complete you can be proud to say you built your own inground pool. All of your family and friends can now enjoy your hard work in the backyard escape you designed and built.

Does a pool add value?

If you add a pool to your home, its value will likely rise. … Under optimal circumstances, a pool could boost your home’s value by as much as 7%, according to Houselogic. Because of this general limit, you’re unlikely to increase the value of your home by the amount that the pool costs.

How much does a small built in pool cost?

Cost of a Small Pool As a general rule, the average price of a standard fiberglass pool package is the length of the pool, times $1,000 dollars, plus $10,000 dollars. For example, a 20-ft. fiberglass pool package might cost $30,000.

What type of pool lasts the longest?

Concrete poolsLongevity – The longevity of the pool, or service life, is a very important factor when considering what type of pool to buy. Concrete pools have the longest service life, assuming it is well built, followed by fiberglass and then vinyl liner pools as a tie, more or less, for second place.

What is the cheapest inground pool?

Overall, vinyl liner pools are the cheapest inground swimming pools that money can buy. It’s rare to find a pool builder who can build a concrete or fiberglass pool at a vinyl liner pool price.

How much does a 12 x24 inground pool cost?

The average cost of an inground, 12’x24′ fiberglass pool is around $50,000.

Can you finance an inground pool?

In a Nutshell If you want to build a swimming pool, you might be considering pool financing — meaning some kind of loan or credit you can use specifically for the project. Options can include unsecured personal loans, home equity loans, HELOCs or financing through a pool dealer.

What is the average monthly payment for a pool?

Typically, you can finance anything between $5,000 to $100,000. Rates depend on your credit score and the number of swimming pool payment years. For instance, if you get $25,000 financed, at 5% for 15 years, you are looking at paying $200 each month.

What is the easiest type of pool to maintain?

The easiest pool to maintain is a fiberglass pool, with very few factors to consider:One filter circulation per day.Checking the water chemistry.No algae.