Have you been pondering the idea of installing a new pool in your yard? If so, deciding to go through with the decision can be very exciting. The idea of having a new pool to enjoy is wonderful, as it gives your yard the perfect hangout spot, as well as a place to unwind after a long day. Just remember that you need to put money aside for your pool budget.
Since pools are large investments, mapping out your pool budget is critical. You want to know about every expense you will incur throughout the pool’s lifespan. There is much more to the cost of a pool than the installation itself, and we don’t want you running into any unpleasant surprises down the road. Here is what you should consider when you’re planning your pool budget.
We know we just mentioned how there’s more than the installation itself to consider, but it’s still a big part of your pool expenses. Pools come in different shapes and sizes, but generally, you’ll be paying between $36,000 and $67,000. You might pay a little beyond this range if you’re thinking of installing other features for your pool.
The material for the pool will also impact its cost, so consult your pool installation company beforehand, so you know the precise amount that you’re paying before the installation begins.
The installation is where most of the money is spent in your pool budget, but there is still ongoing maintenance to factor into your costs. Pools tend to cost anywhere between $80-$145 every month, roughly $5000 every year. You also have to be wary of rising insurance rates, and your property taxes could go up too. As long as you have a budget mapped out for monthly pool maintenance and you’re okay with the costs, you should be fine.
Pools can be built with all sorts of amenities. If you have trouble finding space in your pool budget for all of the amenities you want, put together a list of the features you want the most. This way, even if you can’t install everything you want, you’ll still get the features that will bring you the most joy from your swimming pool.
Sometimes, you can adjust the amenities or the size of the pool in order to lower your pool’s overall cost. Ultimately, though, consulting with a professional is the most reliable way to ensure you get what you want for a cost you’re willing to pay.
Admiral Pools is Your Complete Swimming Pool Resource
Admiral Pools LLC is a multi-faceted company involved in the construction and renovation of all types of in-ground swimming pools, serving Baltimore, Harford, and Cecil Counties of Maryland and Southern Pennsylvania. Admiral Pools does the vast majority of our work with in-house personnel, and we pride ourselves on being a turnkey operation that provides retaining walls, hardscaping, fencing, and outdoor lighting. Customers can visit our retail location and showroom in Abingdon, MD, to purchase pool chemicals, as well as above-ground pools, spas, parts, maintenance equipment, pool games, and toys. Admiral Pools of Maryland is dedicated to providing our customers with the highest quality swimming pools, the best service, and a complete selection of parts and chemicals the retail industry has to offer. Contact Admiral Pool’s representative through our website today to receive your free quote, or call us at 1-866-297-POOL (7665). Follow us on Facebook, Instagram, LinkedIn, Twitter, and Pinterest for all of the latest updates and news in the recreational water industry.