Quick Answer: Is It Worth Getting An Inground Pool?

Is an inground pool 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..

How many years can you finance an inground pool?

Here’s why: If you obtain a home improvement loan for a pool, the term will likely be 7 to 15 years maximum. However, the length of a typical mortgage is 30 years. So, by integrating your pool loan into your mortgage, the pool costs are spread over three decades—versus the typical 7 to 15 years.

How much does a 15×30 inground pool cost?

How much does a 15×30 inground pool cost? A 15×30 vinyl liner swimming pool might cost around $30,000 and as much as $40,000 and up, depending on the options that you choose. For fiberglass pools of similar dimensions, expect to pay about $45,000 and up for basic packages.

How much does a 12 x24 inground pool cost?

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

How can I afford a pool?

What sources are available to finance a pool purchase?Finance a swimming pool through a bank. … Use a credit union to borrow funds for a pool. … Pay for all or part of the construction with a credit card. … Finance your backyard resort with a home-equity loan. … Draw against a home equity line of credit (HELOC).More items…•

Why are inground pools so expensive?

This is the ultimate answer to the question “why are pools so expensive?” They are expensive because they are large, involve a lot of different components, and take a lot of skill and effort to install.

How much does a pool increase your 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?

What is the average cost of having an inground pool installed?

$35,000The average cost to install an inground pool is $35,000 with most homeowners spending between $28,000 and $55,000. The additional cost of pool ownership for basic maintenance, increased utilities, and repairs add $2,500 to $5,000 every year.

Can I get an inground pool for $30000?

SWIMMING POOLS BY PRICE RANGE Owning a custom inground swimming pool can be affordable for anyone. … Even under $30,000 for some of the smallest swimming pools, you can still get a pool for under $30k but it will not be very big or offer many features.

What’s 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 it cost to maintain a pool a year?

Annual Cost to Upkeep a Pool. Expect to spend between $1,200 and $1,800 per year in basic upkeep. Combined with swimming pool repairs and utilities, homeowners can spend as much as $3,000 to $5,000 per year to keep it in good, working condition.

Which type of inground pool is best?

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.

What is a good size 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. … For a family of less than six, a 16 foot by 32 foot would be a little more compatible.

Does an inground pool increase home value?

How much value does a pool add to a home? The experts are a split on how much a pool can contribute to a home’s value. One HouseLogic study suggests an increase of 7 percent, at most, under ideal conditions, while HGTV reports that the average inground pool can up your property’s value by 5 to 8 percent.

What is the most expensive part of building a pool?

Hidden Cost #2: Extra Concrete The cost of additional patio is usually the most expensive option to the pool because most people get at least 300–700 extra square feet of patio beyond their initial 3–4′ border.

Can you install an inground pool yourself?

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.

What brings down property value?

Read on to learn about 10 surprising things that decrease a home’s property value.Bad Neighbors. … Poor Exterior Paint Quality. … Deferred Maintenance. … Neighborhood Foreclosures. … Proximity to Certain Facilities and Businesses. … An Unsightly Yard. … The Address Suffix. … Too Much Personalization.More items…•

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.