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How to Purchase a Tailor-Made In-Ground Swimming Pool | Kline Bros. Swimming Pool & Spa

How to Purchase a Tailor-Made In-Ground Swimming Pool

The process of purchasing a customized swimming pool, including planning, budgeting, and purchasing decisions. The most important things to think about when you are ready to purchase a swimming pool:

HOA (if applicable)

City

Finances

Placement

Design

Access

Utilities

Misc.

Factors to Always Consider

Before making a choice, there are a few things to keep in mind:

1 - Ensure that everyone is on the same page.

It may seem like a no-brainer, but in the past, one of the adults has requested that we persuade the other that he or she should have the pool in the backyard. The heads of households need to be on the same page since there are numerous choices throughout the planning process that should be made jointly so that you both have a comprehensive understanding of the extent of the pool project.

2 – Can you truly benefit from having a pool?

What aspects of the pool do you feel are the most essential to you? Are aesthetics anything that interests you? Do you want the pool to have a lot of room for your own personalization? Are the convenience and effectiveness of maintenance high on your list of priorities?

3 – Do you place importance on high-quality products?

What aspects of the pool installation matter the most to you the most? Is it their capacity to complete a project in its entirety? Is it their capacity to manufacture and provide the proposal at the lowest possible cost? Do you place the utmost value on the quality of both workmanship and craftsmanship? Realize that the pool with the lowest price estimate that you were given is usually not going to be the one with the greatest quality.

4 - Determine your maximum budget before making any purchases.

There is nothing more frustrating than putting a deposit down on a project, having it planned to have a pool constructed, and then finding out that the bank funding fell through at the last minute. Before you go out and acquire fresh estimates for a pool, you should first choose how much money you are ready to spend. Find out what you are able to finance right away, and then go to several pool contractors to acquire price quotes.

Are Custom In-Ground Pools Worth the Money?

Does the addition of a pool raise the value of the property?

The longer answer is that yes, there will be a rise in the value of your property, but the shorter answer is yes. The issue is, how much will it cost? A few short years ago, the National Association of Realtors reported that the average increase in property value caused by the installation of a pool was between 4 and 6 percent. This means that you are not going to be able to recoup the full cost of your project, so you need to take into consideration a few things.

A swimming pool is an invaluable investment for both you and your family.

Your children and their friends will be able to play in your backyard while being closely supervised and having a wonderful time. As a result, it is quite possible that your home will become the place where your children’s friends want to come and hang out when they have free time. Make sure that you give some thought to the fact that you want to maintain a connection with the children, as well as with all of their friends and the social circle that they belong to.

A significant number of our clients are getting pools installed just for the purpose of facilitating the holding of bigger family gatherings with the pool. Consider the fact that the children participate in extracurricular activities outside of school, such as being on a soccer team or in other organizations, and that you’d really want to be able to invite those people to the swimming pool.

Your always-available, private, and personal getaway location.

The notion of being able to walk out your back door and step out into your own oasis and escape the daily reality would be calming every single time. Traveling can be costly, particularly if you have children, so having the option to do so from your own home would be ideal.

How Much Does the Average Pool Loan Cost?

What kind of interest rates are offered for pool loans?

We typically see loans (for home improvements) available up to $100,000 with interest rates ranging from 5 to 10 percent now that the pool loan industry has been fairly stable for several years, so you can expect to find a fixed-rate loan fairly easily and again, up to say $100,000 depending on your credit profile.

How much will my monthly payment for a swimming pool loan most likely be?

If you take out a loan for $30,000 and pay it back over 84 months, your monthly payment will most likely range from $450 to $500. Now consider the same loan with a $40,000 pool; the total amount you may borrow is between $62,600 and $675,000, and the monthly payment on a loan of $50,000 would be around $850.

What factors are most important to money lenders?

Your ratio of debt to income; in addition, the number of liquid assets you have, the amount of equity you have in your house, and yes, the amount you have saved in a retirement account are all things that are considered. They are going to look at all of those factors, including your credit score, as well as your payment history, and whether or not your payments have been made on time. Based on all of that information, they are going to decide how much money they are prepared to offer to you.

Is it possible for me to finance my pool construction in stages?

Yes, we find that a lot of people are able to combine financing in the form of cash for the pool itself and then borrow a little bit of money to say finish out the patio, fencing, and the other landscaping components as they would like with the intention of taking out a small loan to finish up this project and pay it off quickly. This is something that we find works out well for a lot of people.

What You Can Expect

The amount of time that pool purchasers spend determining whether or not purchasing a swimming pool is a sensible investment of their money may range anywhere from several months to several years and is primarily determined by the specifics of the buyer’s everyday life.

The first thing you need to do is determine whether or not you can afford a swimming pool by researching the typical prices of the different kinds of swimming pools that are available in your region. After that, you will be able to assess which option offers the greatest balance of quality and cost for your requirements.

The second thing you need to do is determine whether or not you have enough money to buy a pool in your neighborhood. When you have finished figuring out the financial issues, THEN it would be a good time to start contacting pool contractors in your local region to acquire ideas and price estimates for your future pool.

It is not wise to spend time with a pool designer until you have a good idea of how much money you have available to spend on the pool.