It's no secret that in-ground swimming pools are somewhat pricey, even if you work with an affordable pool installation company. If you are looking to install a pool but need money to do so, you may seek out a swimming pool loan. You could get this through a traditional bank or through a swimming pool lender, depending on the nature of your credit and your pool project as a whole. Let's take a look at the process of getting a swimming pool loan so you can know what to expect along the way.
As with any home addition, the cost of a new pool plays a big role in determining if this is a good investment for you. There are several factors that influence the inground pool cost, including construction materials, landscaping, layout, special features, size, and more. If you are trying to figure out what you might spend on a new swimming pool, the information below will point you in the right direction.
Inground Pool Cost – The Starting Price
Most swimming pools start at about $30,000, but they can cost hundreds of thousands of dollars, depending on how extravagant they are. A simple backyard pool will obviously cost less than a resort-style infinity pool with a built-in slide and waterfall accents. You won’t know what you will spend for your pool until you actually start the process.
Request a Quote for Your New Pool
Most swimming pool installers provide free quotes for their products and services, so you can get a better idea of what you will pay for your pool. The quotes may not be 100% exact, only because it’s hard to predict what happens once the installation starts. As long as you work with an experienced team of pool installers, you will be able to get a pretty close estimate of the money you will pay for your new pool. You may even spend less than the original quote, if problems that they allot for do not come up in the installation.
Simple Ways to Save Money in Pool Installation
If you want to cut the costs of your swimming pool installation, these tips will help you do just that:
• Repair or Renovate Your Existing Pool – If you already have a swimming pool on your property, see if it can be repaired or renovated. This will save you a significant amount of money in installation costs, and it will allow you to make use of what you have to work with.
• Opt for Simple Geometry – Basic rectangular pools are much easier to install than creatively shaped pools, and they can still be beautiful if they are made from the right materials. If you take a simple approach to your pool design, you will greatly reduce your installation costs.
• Invest in the Right Equipment the First Time – This may not save you money upfront, but it will in the long run. Get the right equipment for your pool from the moment you have it installed so you don’t have to pay for expensive repair work down the road.
• Shop in the Off Season – Ask your swimming pool installer when their slowest season is and wait until then to get your pool. This timeframe will vary by region based on the weather conditions in your area. If you shop at the right time of year, you can take advantage of huge savings in parts, labor, and more.
Explore Swimming Pool Financing
We do not offer swimming pool financing directly through our company, but we can point you to lenders who will willingly pay for your upfront costs. This will allow you to get the pool you want without paying for it all at the beginning. Compare interest rates and terms of the loans available to you, and you’ll be enjoying your new pool in no time.