An in-ground pool installation can cost tens of thousands of dollars, and with other costs of living, it can be unaffordable. Pools are an excellent home addition, however. They add value to the home as well as enrichment and entertainment for the homeowners. If you don’t have the upfront costs to pay for a pool, you’re not completely out of options. There are many ways you can save a ton of money on pool installation and labor costs.
Find a Local Builder
Before choosing a swimming pool contractor or company, explore all your options. Big-box retailers or large corporations may be more convenient, but they can come with a higher price. Be sure to visit local pool builders to get a quote. A local swimming pool builder may be able to cut you a better deal than the bigger corporations. They may offer more attractive financing options or more custom options to reduce the price. Explore all of your choices, including local, before settling on a particular price, pool, or contractor.
Consider Above-Ground
In-ground pools are beautiful and luxurious, but they are very expensive, costing tens of thousands of dollars. A ton of custom features, stonework, decks, and landscaping can even add up to over $100,000! Obviously, smaller in-ground pools and fewer custom features will run a lower price, but an above-ground pool will cost even less. Some homeowners are going for a rustic-style above-ground pool experience with stock tanks and DIY landscaping. Above-ground pools can be large without the added costs. They won’t boost home value, nor will they last forever, but if you’re willing to sacrifice for an affordable cool dip, it’s a smart way to go.
DIY As Much as Possible
You may not be able to DIY the entire pool installation, but there are likely some tasks you can do yourself to save costs. You can plant landscaping yourself or do your own pool maintenance to significantly cut labor expenses. If you’re handy or experienced, you may be able to take on the entire pool installation job by renting equipment and buying bulk supplies. Look into what you may be able to do yourself; you could save thousands.
Research Online
You can save a lot of money with proper research. The internet is an excellent source for getting estimates, finding pool builders, or even sourcing some affordable above-ground pools. Check online for construction promotions or coupons, or gently used above-ground pools for additional savings. There may be clearance models available or sales for clearing inventory. Even if you prefer an in-ground installation, there may be similar deals on labor, supplies, and more.
Time Your Purchase
When it comes to making a major purchase, timing is everything. As the weather gets warmer, pool builders are at the busiest, making their rates less affordable. Their demand drops as summer ends, and colder air begins to make pools less desirable. Consider browsing deals and quotes during colder months, like early fall to late winter. Even the end of summer may grant you a lot of savings on pools or pool installation. You can also check for major retail sale days such as Memorial Day, Labor Day, and the Fourth of July. If you’re willing to wait for the right time, your bill can be significantly downsized.
Downsize Your Pool Space
Everyone dreams of the giant Olympic-size relaxing pool, but in reality, you likely don’t need a pool that large. You should have enough room to soak and swim around, but that doesn’t require a huge footprint. The larger the pool, the more expensive, so consider downgrading the size to a more affordable rate. Ask your pool builder or browse different above-ground size options to get a good idea of what sizes you can afford. A smaller pool doesn’t mean less fun or comfort.
Don’t Worry About the Extras
Custom pool features like unique shapes, infinity styles, in-pool waterfalls, or attached spas may seem like a dream come true, but they come at a cost. If your budget is really tight, focus on the pool installation itself. Once you get the important part out of the way, you can slowly upgrade the space at a more affordable rate. Add landscaping yourself or wait until the pool is paid off. Landscaping isn’t an integral part of the pool and by waiting, you’re saving a lot of money. The same goes for patio furniture, extensive decking, or permanent shade. You can add temporary umbrellas or more affordable pool furniture in the meantime.
Explore Financing
Major purchases often require financing for affordability. If you can handle the monthly payments, financing can give you more flexibility. Instead of taking out a major chunk of change from your savings, smaller payments per month can help you in case of emergencies. Be sure to take note of any interest rates that can add to your total pool expense; try to aim for interest-free options whenever possible. You’ll also want to pay attention to the loan terms and schedule. You don’t want to be paying off the pool for decades!
Conclusion
If your budget is tight, a backyard pool isn’t out of the cards entirely. With some advanced preparation, online research, and willingness to add a bit of manual labor, you can cut your pool costs by thousands. Opt for above-ground small pools for the most affordability. You can always upgrade the space later with professional landscaping and comfortable patio furniture. You may need to alter your budget or save up a bit before taking the leap, but with the right approach, a pool can be an affordable and enriching addition to your home.