Monday, January 7, 2019

Inground Pool Costs and 4 Ways to Save

The cost of an inground pool doesn't end with installation. Homeowners insurance, energy bills and property taxes might all be more expensive for a pool owner.

Nothing beats a cool swimming pool on a hot summer day. Even better if it’s right outside your door. But is the convenience of an inground pool worth the cost?

The average price for an inground, residential swimming pool was about $40,060 nationally in 2016, Bil Kennedy, president of market research and consulting firm P.K. Data in Alpharetta, Georgia, said via email. Of course, building a backyard oasis could cost even more, or a lot less, depending on where you live, the size and type of pool, and how you maintain it.

Here’s what’s behind inground pool costs and some tips for keeping those costs under control.

Cost to install an inground pool

Inground pool costs vary depending on how complex design choices are, says Tom Casey, vice president of sales at Anthony & Sylvan Pools, based in the Philadelphia area. But other factors have an impact as well, such as:

Location. The cost of living in your city affects labor and material prices. Building an inground pool in a dense, high-cost metropolitan area is typically more expensive than doing so in a suburban or rural area.

Pool site. Does your yard have room for excavating equipment? Is the area flat or will it have to be leveled? Is the soil sandy or rocky? Soil issues and limited access can easily increase the cost of a pool, Bart Jacobs, owner of La Jolla Pools in San Diego, said via email.

Size. Large pools require more labor and materials than small inground pools. The same goes for deep vs. shallow pools.

Pool Type. Vinyl-lined, fiberglass, concrete and gunite — a type of concrete —  pools often have different installation and maintenance costs.

Shape and features. Custom shapes, and special features like a hot tub or diving board, can add thousands of dollars to the pool’s price tag and installation cost, depending on the type.

Permits. Like other permanent home additions, inground pools require a permit from the local building authority. You may also have to pay an inspector to locate potential sewer or utility lines before digging.

Deck. Inground pools must be surrounded by a concrete sidewalk, or deck. The more elaborate your deck, the more it costs.

Fencing. A pool fence is an expense people tend to overlook when budgeting for a pool, though most local laws require one for safety, Mat Jobe, founder of PoolPricer.com, said via email. A swimming pool fence can cost up to $19 per linear foot while gates cost around $300, according to Home Advisor.

Cost to own an inground pool

Did your wallet just do a belly flop? Well, grab a floaty, because those are just installation costs. Once the pool is built, you’ll pay ongoing costs such as:

Insurance. Insurers call pools an “attractive nuisance,” which means they’re desirable but dangerous. Because a pool increases the chance of someone getting hurt on your property, it will also increase the price of your homeowners insurance.

Taxes. Inground pools sometimes bump up property value; when it goes up, property taxes tend to follow suit.