Its the dream of so many homeowners around the globe. Your own swimming pool, either indoor or outdoor. Just rising from bed in the morning, tiptoeing to your pool, and taking an early morning dip before breakfast.
There are few home investments that can truly compare to the leisurely feeling of owning your swimming pool. But it isn’t quite as simple as deciding to get a pool and having the rest go swimmingly.
The cost of owning a pool is in fact much larger than many properly consider before investing. We’ve chronicled all the costs you should expect if you start investing in your own swimming pool. As well as the costs, we’ve listed everything you should consider when deciding on whether or not to have your own pool at home.
Cost of Owning a Pool: Initial Investment
With so many impeccable looking homes with a pool found online, it’s understandable to want one of your own.
But installing a swimming pool is a fairly significant investment. First and foremost, you need to make sure you have room for a pool in the first place. That means either a large unused space indoors or a substantial garden where you can fit a decent-sized pool.
If the pool is going outdoors, you need to account for space around the pool for other entertainment items such as deck chairs. Whether you want your pool indoors or outdoors, you need to account for the depth as well as the length and width of the space.
If you have a lot of pipes running beneath the space, you may not be able to install the pool properly without difficulty.
There are many aspects to consider when it comes to size and space for installing a swimming pool. But even if you’ve managed to make space, there’s a cost to creating a swimming pool. So, you need to hire the services of a general contractor or a home remodeling company, if you want to know exactly how much does it cost to build a pool in the US, be it a lap or plunge pool in your backyard.
Whilst the figure can differ depending on where you are and who you contract, a swimming pool will set you back around $30,000 to $45,000 according to reputable sources.
This is by no means a small amount of money but it does go towards building work, materials, and the water system necessary for a functional pool. What needs to be accounted for even more than this initial investment though is the recurring cost of having a pool in your home.
Cost of Owning a Pool: Recurring Costs
A swimming pool has to be properly maintained, in terms of cleaning and other maintenance, to keep it clean and safe for use at all times.
At an estimate, homeowners should anticipate needing to spend $3,000 to $5,000 per year to maintain their swimming pool. This includes cleaning as well as the cost of utilities such as electricity and any necessary repairs.
This means that if you own a swimming pool for ten years, it’ll cost you about as much during that time than it did to install the pool initially.
This is the real cost of having a swimming pool and is the cost they don’t typically tell you about upfront.
As a general breakdown of costs, which should help you better understand the overall budget, many list the costs broadly as follows.
The cost of cleaning from a professional pool cleaning service can range from $150 to $350 per clean. It is usually recommended that you should clean your pool thoroughly at very least once every two months if not once a month.
This is to ensure that the water remains pure and that no breakages in the pool occur.
The cost of electricity alone can cost at least an additional $100 per month on top of your house’s typical utility costs. This can, however, be much less or much more depending on your electricity provider.
Repairs meanwhile can be anywhere from $150 – $800+ depending on the complexity of the issue. This can bring the cost of operating your pool up considerably if you experience an unexpected problem with your pool.
Is It A Worthwhile Investment?
Whether a swimming pool is a worthwhile investment or not will depend on your individual situation. There are however questions you can ask yourself to help you decide whether or not to invest.
You should consider how often you will actually use your swimming pool. If you think you’ll only have time in your busy schedule to use your pool once or twice a month, it is a significant expense to do so.
However, you should also take into account how many family members live in your house. Even if you don’t use your pool much, if your children do so it may be worth the investment. Or, if you hold a lot of dinner parties, the ability to hold pool parties could entice you to build your own.
You should think about just how much space you can allocate to the pool; if you’re squashing it in, there may be more affordable ways to use the space. You could create a home gym or a games room which have far lower maintenance costs.
You should also consider if you have easy access to a public pool. Though nowhere near as glamorous, you can use a public pool for workout purposes at a much lower monthly fee than it is to maintain your own.
Ultimately, you need to decide how much of a monthly budget you can allocate to a pool. If the costs above are well within your monthly allowance, then go for it! But if you’d be struggling financially, it may be better holding off on your swimming pool dreams for a little while.
What If I Need More Assistance?
If you need more tips and tricks of the trade or want to learn more about the cost of owning a pool, you should take a look through some of our previous posts.
At Elmens, we have a wide range of informative posts that can assist you with your home design ideas as well as your business, your health and so much more.