3 Cost Factors To Take Into Consideration When Considering Adding A Pool To Your Home

Posted on: 24 July 2017

If you want to install a pool in your backyard, you need to make sure that you think about both the upfront as well as the long-term cost of having a pool.

Installation

The first cost that you need to take into consideration is installation. The installation costs can really vary based on what type of pool and how much you want to change your yard. An in-ground pool, where a large hole needs to be dug in your yard, is going to cost more than an above-ground pool. An in-ground pool with a more complex shape, layout, and features will cost more than a simple square pool. However, a more complex shape and layout may be more visually pleasing.

Don't forget that when you install a pool, you are going to have costs outside of the pool to consider. You may need to build a shed to house the equipment for your pool if you don't have a nearby garage or shed already where the pump and other equipment can be housed and stored.

You are going to need to pay to put a patio or deck around your pool. Depending on building regulations where you live, you may be required to put a security fence around your pool. You are also going to want to landscape around the pool as well. Make sure that you factor in all of the costs of the installation and not just the direct cost for putting in the pool.

Tax And Insurance

Next, you need to think about how putting in a pool will change costs that you already have. For example, when you put in a pool, it may increase the value of your home. If putting in pool increases the value of your home, that also means that the amount you pay in yearly taxes is going to increase as well.

Your insurance needs may also change. Although having a pool may be covered under your current policy, your insurance company may want you to increase your liability beyond the minimum amount to a higher level to ensure that you are covered if anyone is ever hurt in your pool.

Maintenance

Finally, make sure that you take into consideration the yearly maintenance costs of owning a pool. You are going to need to purchase chemicals to keep the pool water clean or invest in an advanced filtration system. You will need to purchase a vacuum for the pool. You'll need to purchase filters for your pool. You'll need to spend your own time or hire someone to take care of your pool and keep it clean.

These expenses can be more than manageable, it is just important to realize that once you have a pool your bills are not over; you are still going to have to take care of the pool and deal with the way that it impacts your taxes and insurance. For more information about the costs of installing a pool, contact companies like Anchor Pools & Spas.

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