Don’t Get Drowned In Pool Costs: A Buyer’s Guide
The summer temperature is rising every year and so is the heat. So, adding a swimming pool for your loved ones and you could be a perfect idea. But installing a pool comes with certain costs. So, how much does an inground pool cost?
Generally speaking, the cost of an inground pool varies depending on many factors. It can be the size, shape, or even the installation procedure.
This article will help you understand the cost of an inground pool and the possible ways you can finance it. Read on as we explore the cost in detail and that can help you make the right decision.
The Types Of Inground Pools That Would Be Right For You!
Before you start breaking the ground, you need to determine the kind of inground pools you are looking for. Finding which one will suit you best or your backyard is necessary.
Usually, you may find three specific kinds or, rather, I would say, common types of inground pools available: vinyl, fiberglass, and concrete.
Usually, fiberglass is less expensive than the rest of the types, especially in the long run. Why is that? Well, the fiberglass inground pool is made in a mold that is very limited in shape, size, and design.
On the other hand, the vinyl ones are molded in a hole. This means the vinyl inground pools can be large or small in kind. You can customize the size as per your desire. However, unlike fiberglass and concrete, the vinyl ones can tear and sag.
Lastly, the concrete pools come with vast customizing options. These are very durable compared to vinyl and fiberglass. This is also the reason why these come at a pretty expensive price. Comparatively, the vinyl and concrete pools require more maintenance value, but? They are very cheap to install.
How Much Does An Inground Pool Cost?
Are you thinking about getting a new inground swimming pool for your property? Trust me! It is going to make your summer much better.
While planning, you must have wondered how much an inground pool costs. I hope you have already done some research on this. But I will provide you with some of the easiest to find straight.
The Installation Cost For An Inground Pool
When you are installing, an inground pool may cost you around $65,000. The large pools are made of high-quality materials. And if you are looking for pools with better design features, then it may cost you even more. The lowest installation fee is around $25,000, and the higher one goes upto $100,000.
So, what determines the cost of an inground pool? It is basically the size, materials, purpose, and unique features that define the overall price.
These are the few factors affecting the cost of an inground pool, along with the corresponding expenses.
Location
The living cost in a city affects both labor as well as material prices. Thus, building an inground pool may vary based on the density. An inground pool in a costly metropolitan city can be more expensive than the suburban areas or rural areas.
For instance, if you are living in Vermont, the average cost of a pool would start from $52,000. It may end at $79,000 during the installation. Compared to that, in Alabama, the price is between $34,000-$55,000.
Size
The inground pools, which are large in size often require more labor and materials than the smaller ones. So, you can quickly expect to pay around $50 to $125 per square foot.
Here’s the breakdown of the inground pool cost.
| Size | Cost |
|---|---|
| 20 x 40 ft. | $40,000-$100,000. |
| 16 x 32 ft. | $25,600-$64,000. |
| 14 x 28 ft. | $19,600-$49,000. |
| 10 x 20 ft. | $10,000-$25,000. |
Type Of The Pool
The pools are usually made out of vinyl-lined, gunite (a special type of concrete), fiberglass, and concrete. These pools also include multiple installation costs. So, you know! The expensive options tend to stay for an extended period, without even any need for replacement.
| Material | Longevity | Installation cost |
|---|---|---|
| Vinyl | 10 years. | $20,000 to $40,000. |
| Fiberglass | 25 years. | $20,000 to $85,000. |
| Concrete or gunite | 50-100 years. | $35,000 to $120,000. |
Shape And Special Features
Now, this might shock you a little, but the overall shape of your pool plays a massive role during installation. Yes! Not the material but the shape and features.
If you are planning to set up a lagoon-style inground pool it usually costs you around $38,000 to $150,000. Whereas for a lap pool, it might cost you between $40,000 and $95,000.
There are some unique features, like
| Features | Cost |
|---|---|
| Diving boards | $300 to $1,000 |
| Lighting | $450 to $1,800 |
| Heating | $500 to $7,500 |
Hidden Cost If There Is Any
When the question comes to how much an inground pool costs, you must always consider the hidden costs as well.
| Types of installations | Analysis | Cost |
|---|---|---|
| Permits | Like any other kind of home addition, you would require a permit for inground pool installation from the local authority.Who knows, you might have to pay an inspector in order to find out about the sewers and utilities. | $100-$1,800 |
| Deck cost | Inground pools need to be surrounded by a sidewalk or a specific deck. Here, the cost ranges widely, it is primarily due to the material costs. | $3,000-$20,000 |
| Fencing | There are always some local laws, or your insurance company may ask you to install a fence around your pool. The larger and high-quality fences might cost you more. For example, a mesh or a chain fence may cost you less, more like $10 per square foot. Whereas tempered glass may cost you a few dollars per square foot. | $1,500-$10,000 |
| Cover for the pool | You can go for the least expensive ones; it can quickly help you to keep the debris out of your pool. Whereas, on the other hand, the most expensive ones can add more durability and can last long. | $75-$22,000 |
Tips And Tricks To Avoid Breaking Your Bank
If you are planning to install an inground pool in your backyard yet are worried about the total cost, then there are a lot of financing options to get an inground pool.
This includes:
- Unsecured loan: This can be an excellent option for you if you have short-term needs. You may find some attractive short-term needs. Generally, lenders prefer those who have a credit score of 700 or higher.
- Personal loan: A personal loan can be a very popular option for you, along with a fixed monthly payment for the life of the loan. The loan terms can range from a year to almost several years.
Other possible financing options are:
- Home equity line
- Second mortgage
- Credit card
- Pool loan that has been integrated into a mortgage.
Now, you may feel stuck in estimating the number figure. In that case, you can contact a pool builder for a detailed overview.
As for the inground pool, you must make a plan very carefully in order to make a smart move to save money. You can opt for the fiberglass pool instead of the concrete one. If you are dreaming of getting an Olympic-sized pool, then hold it off as of now until you have the space or the money to opt for one.
It is all about finding the right balance between what you need and what you can surely afford.
Is Getting A Inground Pool Worth It?
If you ask me? I would say definitely yes! The cost might shock you at first, but it is going to be worth it when you invest in such a timeless design. Forget about the beauty of it for a moment; an Inground pool can help you get a 7% increase in home value.
However, this totally depends on where exactly you live; who knows, the number might jump up to 12 percent or more.
So, if you are ready for seasonal maintenance, maybe regular cleaning, and the best summer experience, then an inground pool is worth a shot to enhance your backyard.
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