Why Are Inground Pools So Expensive?

Do inground pools increase home value?

Real estate experts estimate that an average 14×28-foot inground concrete pool potentially adds 5 to 8 percent to the real estate value of your home.

If your property is worth $400,000, you’ll realize a boost to the value of your property of about $20,000 to $32,000..

What is the life expectancy of an inground pool?

What is the life expectancy of a fiberglass pool? A fiberglass pool is expected to last up to more than 25 years – the reason they are the most low-cost option in the long run.

Is a 14×28 pool big enough?

In your case, that’s 14+14+28+28, which is 84 linear feet. Unless you have something specific you want to do in the pool that requires space, that still seems like a big enough area to enjoy the water.

How much does it cost put in an inground pool?

The average cost to install an inground pool is $35,000 with most homeowners spending between $28,000 and $55,000. The additional cost of pool ownership for basic maintenance, increased utilities, and repairs add $2,500 to $5,000 every year.

How can I afford a pool?

What sources are available to finance a pool purchase?Finance a swimming pool through a bank. … Use a credit union to borrow funds for a pool. … Pay for all or part of the construction with a credit card. … Finance your backyard resort with a home-equity loan. … Draw against a home equity line of credit (HELOC).More items…•

Can I put in my own inground pool?

While some people do opt to take on a DIY inground fiberglass pool project, most DIY inground pool projects are with vinyl liner pools. … Of course, as with fiberglass pools, you’re going to have to do your own excavation, backfill the pool, install the liner, plumbing, and hardware, and do the coping and patio.

What is the best type of inground swimming pool?

A popular choice is a gunite swimming pool because it is highly durable and it can be created in just about any shape. Gunite pools use a rebar framework that is sprayed over with a concrete and sand mixture. Gunite is exceedingly durable, so swimming pools made of this substance are built to last.

What is the cheapest way to install an inground pool?

Here are five ways to save money – whether it’s a few hundred dollars or thousands.Choose Vinyl. Vinyl pools are markedly less expensive than either concrete or fiberglass – in terms of initial price tag, anyway. … Go with a Smaller Pool. … Use a Pool Kit. … Install in the Fall. … Cut Out the Extras.

Is it harder to sell a house with a pool?

It won’t be easy since a swimming pool can actually make your home harder to sell. Many buyers consider it a liability rather than a luxury. Under the right circumstances, however, a pool could boost your home’s value by as much as 7%, Houselogic estimates.

How much is a 12×24 inground pool?

How much does a 12×24 inground pool cost? A small vinyl liner pool that’s about 12 feet wide and 24 feet long might cost you between $25,000 (for the basics) and $35,000 for additional features like heating and fencing.

Is a pool a bad investment?

Not only does a pool increase your social worth, but it can also increase the value of your home. But probably not as much as you think. According to HouseLogic, there’s no real guarantee that you’ll make your money back. In fact, adding a swimming pool may only increase your home’s value by 7%.

Are inground pools worth it?

Real Estate Value Despite what you may have heard in the past, YES, an inground swimming pool does increase the value of your home. … A few years ago, the National Association of Realtors stated that on average, an inground swimming pool will increase a home’s value by 4–6%.

What is the cheapest inground pool?

Basic vinyl liner pools are the least expensive inground swimming pool option. Vinyl liner swimming pools give you more swim area for the money and cost you less initially than a fiberglass pool or gunite pool.

How much does a pool make your electric bill go up?

A typical backyard swimming pool using a 1100 watt pool pump can add up to 17% to an electricity bill. This cost can be offset by installing solar panels, which can also add value to the house.

What type of inground pool lasts the longest?

The benefit of concrete is that it can be formed to any size or shape for a truly custom pool. It generally takes between three and 12 weeks to install a concrete pool. That’s longer than other types, but concrete is considered the strongest, most durable type of pool.

What pools last the longest?

Gunite. Gunite pools are among the longest-lasting pools on the market. When gunite pools are properly installed they could potentially last 100+ years. They are extremely durable and totally customizable.

How much does a 12 x24 inground pool cost?

The average cost of an inground, 12’x24′ fiberglass pool is around $50,000.

What adds the most value to a house?

Here are 6 improvements to focus on.Upscale garage door replacement. … Manufactured stone veneer on exterior. … Wood deck addition. … The kitchen (within reason) … Siding and vinyl window replacements. … Bathroom remodel.