Thinking About a Pool? Weigh the Costs and Benefits First

On a hot afternoon, a backyard pool sounds like the perfect upgrade. And for many families it is. But a pool is a long-term commitment of time and money, and it may or may not add value when you sell. Here is what to think through before you call a pool builder.

The Real Cost of Ownership

The installation price is only the beginning. Plan for ongoing expenses such as:

• Water care: Chemicals or salt to keep the water clean and safe
• Equipment: Pumps, filters and heaters that eventually need repair or replacement
• Energy: Running the pump and any heating adds to your utility bills
• Insurance and safety: Possible changes to your homeowners coverage, plus fencing, covers or alarms that local rules may require
• Your time or a service: Skimming, brushing and testing, or paying a pool company to do it

Saltwater systems are often cheaper to maintain over time than traditional chlorine setups, though they cost more upfront. Ask a few local pool pros to compare the full picture for your area.

Choosing a Type of Pool

In-ground pools are the most attractive and durable option and can become a true centerpiece of your yard. They also require the biggest investment and are essentially permanent.

Above-ground pools cost less and go up faster. They can be a smart choice if you are not sure you will stay in the home for many years or want to test how much your family actually uses a pool.

Temporary or inflatable pools are the most budget-friendly. Just know that leaving any pool, even a small kiddie pool, in one spot for a while will usually kill the grass underneath. A good liner or ground cloth also helps protect against punctures and makes the bottom more comfortable.

Will a Pool Help When You Sell?

It depends on where you live and who your likely buyers are. In warm climates where pools are common, buyers may expect one in certain neighborhoods. Elsewhere, some buyers see a pool as extra upkeep or a safety concern for young kids. A local real estate agent can tell you how pools affect value in your specific area. In general, it is wise to add a pool because your family will enjoy it, not purely as an investment you expect to recoup.

Paying for the Project

If you are planning an in-ground pool, many homeowners look at using home equity rather than high-interest credit. A home equity line of credit, such as our HELOC option, may be one way to fund a project like this, depending on your equity and qualifications.

Curious how much equity you could tap for a backyard upgrade? Talk with a FLO Mortgage loan officer and we will help you weigh your options.

This article is for general education and is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and program availability. FLO Mortgage, Company NMLS #1835856. Equal Housing Opportunity.