When it comes to installing a new pool, the number 1 question most homeowners have is, “How much is it going to cost?” While the exact number will depend on a wide range of factors including the type of pool you choose, your landscaping, and the ultimate size or your pool, there are some general guidelines that can help give you an idea of what you may be getting into. Learn all you need to know in today’s blog.
How Much Does a New Pool Cost?
For an in-ground pool, most homeowners will spend between $25,000-$50,000. However, this number is highly dependent on a number of factors, including:
You can generally expect to spend about $50 per square foot for a new pool. This is one reason why plunge pools have become so popular! Their smaller footprint makes them great for small budgets (and yards).
If you want a very deep pool, the costs add up quickly. More depth requires more digging during installation which can create many expensive complications. If you are concerned about your budget, think about whether or not you really need a deep-end and consider cutting out this cost if it’s not really important to you.
The three materials used most often for pool construction are fiberglass, vinyl, and concrete. Each of these materials has both pros and cons and offer a variety of price points.
One cost that many prospective pool owners don’t think to account for is pool maintenance. While it may seem minor, the costs of chemicals, tools, and equipment needed to keep your pool clean and safe really do add up.
While these are not completely necessary, there are many extras and accessories that you will probably want to invest in. This could include a pool fence (which in some cases is legally required), a hot tub, a water slide, or just about anything else you can think of.
Building a New Pool and Paying Off Your Bills
Installing a new pool and paying off your bills at the same time might not seem like a viable combination. But with a loan from HFS Financial, you can pay for both your bills and your new pool at the same time! Are you interested in learning more? Contact us today or fill out one of our simple 60-second loan applications!