What You Need To Know About Buying A Pool

After one of the hottest summers on record, and much haranguing by your spouse and kids, you have finally decided to pull the trigger on a new pool. While this might seem like a daunting idea to move forward with, we are here to reassure you of the many  do’s and don’t’s to steer you on the right course.

First of all, the time is right. Many pool experts agree that the fall is an ideal time to begin the pool building process. By the fall, pool builders have begun to come off of their busy season and the opportunity to leverage the impending slow winter in pricing negotiations works in your favor. Starting a pool build in the fall also leaves you plenty of time to complete all details including decking and landscaping for a great summer kickoff the next year.

Now that you have the timing down, let’s get into where the money comes from. There are a number of ways that you can go about affording a new pool and while cold hard cash is preferable, there are not many of us in the situation to make that happen. Here are three of the most common methods for financing a new pool:

Home Equity Loans

Pulling some of the earned value of your home is a very common method to financing a new pool. Home equity loans often carry low interest rates and banks a accustomed to using them for things like new pools and other home improvement projects.

Home Refinance

Refinancing is another traditional and popular method and involves moving money from the principle balance on your home and refinancing it with a different interest rate. Refinancing is a common practice and there are rarely issues with making it happen as long as you are not already paying too much interest.

Additional Loans or Lines of Credit

You can also always get an additional loan or line of credit to cover a new pool build, although this option tends to get expensive in terms of interest rates. There are now a number of pool financing companies in business that specialize on securing loans for new pool builds so there is plenty of information out there.

When you are planning the finances surrounding a new pool, remember to include and acknowledge the ongoing and expenses associated with chemicals, cleaning services, and equipment maintenance. Companies like ours are around to handle all of the variable costs so that you can just enjoy the splendor of a new backyard pool of your own. Get in touch for more information.