From having your own personal spot to work out to throwing great summer parties swimming pools are both fun and a great investment. You can choose to have an inground or above ground pool but it is important to know what the costs will be before making a decision. There are building costs as well as maintenance costs to consider.
How Much is it to Build and Maintain a Swimming Pool?
Costs to Build Your Pool
The average cost to build an above ground pool is between $1800 and $5000 whereas an inground pool is between $28,000 and $55,000. These costs cover materials, installation, and labor, and include special features such as lighting or decking. Custom upgrades such as adding a hot tub will also increase the price. Swimming pool installation costs depend on the depth and the size of the pool. The average above ground pool costs around $35,000, with 25 to 50 percent of this being for excavation and labor. Fiberglass is the cheapest material for a pool costing approximately 18,000, followed by vinyl which is around $25,000, and then concrete which will cost you close to $30,000. The average cost for an above ground pool is $2800 depending on the size and this price will change should you have any add-ons. You will also end up paying more if the ground has to be leveled or if there is to be any plumbing or electrical ports installed. Costs vary by size with a smaller 12’ round pool averaging $1850 and a large 18’x33’ pool costing close to $5000. Additional costs to consider when installing a pool include:
- Adding a hot tub: Between $6800 and $10,000
- Having a lap pool: Between $20,000 and $70,000
- Having a plunge pool: Between $14,000 and $25,000
Building an outdoor pool, whether it is above or in-ground comes with additional expenses too. Along with the excavation, labor, and installation costs, you will have to consider additions such as steps, waterfalls, or fountains, landscaping, heating, lighting, pool equipment, and maintenance and repairs. Landscaping costs can include removing a tree for around $825 to re-sloping your lawn for $1850. The installation of a yard drainage system will cost $3400. Most people want heated pools and this will cost between $500 and $10,000 depending on size and whether you choose gas or electric-powered systems. Gas-powered systems are the more affordable option but have a higher running cost. Solar-powered systems will cost up to $10,000 but are more efficient in the long-run, cutting down significantly on running costs.
- The running costs for a pool will vary according to the material used.
- Fiberglass pools cost about $375 per year
- Vinyl pools cost about $1335 per year
- Concrete pools cost about $2750 per year
You will also be responsible for:
- Water costs: which will be between $14 and $20 per month depending on usage.
- Electricity costs: to run filters and pumps (around $1000 per year).
- Taxes: pools add value to your house which increases your taxes.
- Insurance: having a pool can cost your insurance rates to increase.
Costs to Maintain Your Pool
The average pool maintenance costs are between $950 and $1800 per year. Maintenance costs include the addition of chemicals, repairs, electricity, and water. To reduce repair costs as much as possible, it is important to regularly check and maintain your pol and all equipment so as to catch problems early. Ignoring maintenance and small issues can lead to serious damage, expensive repairs, and even full replacement. Replacing a pool pump motor is between $150 and $800 and this will depend on the motor you have. More energy-efficient ones are cheaper while dual and variable speed motors will cost much more. Whichever motor you have, repairs are still cheaper than having to replace the motor which will cost between $150 and $800. Repairing your heater will be between $50 and $400 and plumbing issues can cost between $100 and $250. In addition to these system repairs, there is additional maintenance you need to routinely perform.
- Skimming: skimmer nets and baskets protect the filters from getting clogged ($10-$36)
- Vacuuming: handheld or automatic vacuums to clean the floors and walls of the pool ($60-$610)
- Brushing: to remove loose dirt and prevent clogged filters and algae buildup ($17-$60)
- pH test kits: to test alkalinity, chlorine levels, and pH for safety ($13-$40)
- Shocking: You may need to add chemicals from time to time to balance the water which keeps it clean, bacteria and algae-free, and safe for swimming ($25-$40)
You should invest in a pool fence for safety which costs about $1500 as well to ensure children do not get into the pool area when unsupervised. Having a pool is a great investment but there is a lot to consider first. The cost is only part of the process and there are some additional things to remember. If you are looking to add value to the home, above ground pools do not help, but an inground pool will add about 7%. But, the installation of above ground pools is cheaper and quicker and can be built to any custom size or shape. We guarantee to help you find the right pool for you, so call us today and we can get the right pool installed for your family, for your budget, and for your home.