Pool Pros - Financing Options

Often, financial lenders consider a swimming pool as a "home improvement" and will look favorably upon financing because they see that it will increase the value of the home, and eventually the resale value. How much do you want to invest? Your cost depends heavily on elements such as size, additions, hot tub, waterfall, screen enclosure , heater (gas, electric or solar) and deck design. Cost is determined by more than just the size and shape of the pool. In an effort to save money on installation, make sure you're not compromising on workmanship, quality of materials, design, underground strength, ease of maintenance, warranty and service. Be sure to get as much information as possible about how the pool will be built and exactly what equipment is being recommended.

Financing Solutions

Pools are typically financed through long-term mortgage programs similar to the one you likely obtained to purchase your home. This allows you to spread out the payments over a longer amount of time, making your monthly payments manageable.

The key to successfully financing your pool is finding a lender who knows the nuances of the pool-building process.

Adding Value

Does a pool really add value to your home? G. Stacy Sirmans, Ph.D., a real estate professor at Florida State University in Tallahassee, and colleague David A. Macpherson, Ph.D., decided to find out. Looking at selling data from more than 28,000 homes, the pair examined what attributes led to the overall value of a home.

Bottom line, the study found that the presence of a swimming pool "… is generally positive and significant." Consistently across the country, pools proved to be positives. The study found that in-ground pools can increase the value of a residential property from 8 percent to as much as 15 percent Go outside, and pools rank right up there with garages, decks and porches among the external features most frequently used in explaining selling prices. A swimming pool "never has a negative effect on selling price, although it has been not significant in some studies," the study concluded.

Pool Pros accepts all major credit cards.