There is nothing more fun than having a swimming pool in your yard. From having your own lace to work out to throwing great summer parties swimming pools are both fun and a great investment. Whether you decide to have an inground or above ground pool, it is important to know what the costs involved will be before you jump in. There are building costs as well as maintenance costs to consider and you need to make sure you have the budget before you buy.
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 will cost you on average between $28,000 and $55,000. The range covers everything from basic materials and installation and labor as well as whether or not you have special features such as lighting or decking and the materials used both inside and around the pool. Custom upgrades lie having 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 will cost you around $35,000. 25 to 50 percent of the cost is for excavation and labor, with the rest accounting for materials. Fiberglass is the cheapest 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 whether or not you have any add-ons. You will also end up paying more if the ground has to be leveled or if there are to be any plumbing or electrical ports installed too. Costs vary mostly by size with a 12’ round pool averaging $1850 and a large 18’x33’ pool costing close to $5000.
Specialty pools will cost you even more than any of the standard above ground or inground versions. Installing a saltwater pool costs between $29,000 and $57,000 depending on size and whether it is above ground or inground. To convert your chlorine pool into a saltwater pool, you will pay $870 per gallon for the saltwater chlorination system to be installed. Despite the initial costs, maintaining and having a saltwater pool is more beneficial and cost-efficient. 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 landscaping, heating, lighting, pool equipment, maintenance, and add-ons such as waterfalls, steps, ad covers. Landscaping costs can vary from $825 to remove a tree to $1850 to re-slope your lawn. The installation of a yard drainage system will cost $3400. Pool heaters will run between $500 and $10,000 depending on size and capacity as well as whether you choose gas or electric-powered systems. Gas-powered systems will be cheaper but have a higher running cost. Solar-powered systems will cost up to $10,000 but cut 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
In addition to all these costs, 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), and taxes and insurance. Having a pool can cost your insurance rates to increase as well as the house’s value, which makes your taxes go up too.
Costs to Maintain Your Pool
The average pool maintenance costs are between $950 and $1800 per year. Maintenance includes 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. Repairs done earlier will be less costly than when they have to be done after major damage. 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 with dual and variable speed motors costing much more. This is 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 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)
- Safety: you should invest in a pool cover for safety and can be manual or automatic ($550-$6000)
Having a pool is a great investment but there is a lot to consider before getting one installed. Beyond the cost, there are some important things to remember. If you are looking to add value to the home, then an inground pool will add about 7% whereas an above ground pool will add nothing. The installation of above ground pools is much quicker and costs less and can be built to any custom size or shape. Whatever your needs and whatever your budget, call us today for any advice or details about getting a new pool. We guarantee to help you find the right pool for you.