Purchasing an inground pool may seem like a costly luxury and an unreachable dream for many homeowners, But believe it or not, it’s possible to own one without breaking your bank. Cutting costs without compromising quality – that’s the ideal scenario we all aim for, and that’s entirely possible with proper planning, clever financing strategies, and conscious consumerism.
Choosing the Right Pool Type
The price of inground pools varies depending on the materials selected and the construction method you choose. A budget-friendly choice is a vinyl-lined pool, which may cost you half as much as a fiberglass or concrete pool. Though they require liner replacement every 7 to 10 years, the initial savings could justify this recurring cost, especially depending on how long you project you will be living at your current home.
Size & Shape
Many inground pools involve custom-made elements, and increasing the size or opting for a complex shape can significantly raise the overall project expense. It’s important to adequately & realistically evaluate your needs before you make any commitments. If you mainly seek a pool for cooling down on hot days or for children to play in, a small, simple pool design can suffice. This can drastically cut down the cost.
Consider the installation process as an opportunity to save. If you’re handy with tools and willing to expend labor, partial or complete DIY installation can be a practical option. You can save as much as half of the total cost, depending on how much work you’re capable of undertaking. Just be aware that faulty pool installation can result in major headaches down the road.
Purchase During Off-Peak Season
Like many businesses, pool installation companies often offer discounts during their slower season. Buying your pool or pool kit during the winter can help score significant discounts, making your dream pool more affordable.
Smart Financing Options
Many pool companies offer financing options and payment plans through companies such as Lyon Financial in order to help reduce the immediate financial burden. Also consider exploring home equity loans, lines of credit, or even pool-specific loans. It’s vital to assess all available options and choose the one that best suits your economic condition.
Minimalistic Design & Functionality
Embracing a minimalistic approach may help lower costs. Avoiding unnecessary sophisticated water features, high-end materials, and expensive lighting systems can save you a lot. That doesn’t mean you have to live with a dull bare-bones pool – there are scores of budget-friendly accessories and features available that can provide a nice ambiance without causing a budget blow-out.
A regularly clean, well-maintained pool lasts longer and saves you repair costs in the long run. Regular maintenance activities including pH level checks, filter cleaning and applying appropriate chemicals can all help to promote your pool’s longevity. By investing the time and effort daily and weekly into keeping your pool well maintained, you should be able to extend your pool’s life and minimize unexpected major maintenance costs.
Cost-effective Pool Equipment
You can also save by using energy-efficient swimming pool equipment. Variable-speed pumps, solar heaters, and LED lights, for instance, can be slightly more expensive upfront, but they’ll definitely cut down your long-term utility costs.
The dream of owning an inground pool is certainly achievable. Just remember – it’s all about making sensible decisions that consider both the upfront expense and the lifetime cost of the pool. By following these tips, you may find owning an inground pool is within your reach.
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Since 1979 Lyon Financial has made the backyard resort dream come true for over 500,000 families across the U.S. Through our solid relationships with more than 3,000 pool contractors and our continued commitment to putting our clients first, we have built a reputation as the first choice in providing pool financing solutions. For more information, visit lyonfinancial.net or call (877) 754-5966 today.