Adding an inground pool to your backyard is an exciting project, but it’s also a significant investment. If you’ve dreamed of creating a personal oasis for relaxation and entertainment, proper planning and budgeting with an established pool contractor in Georgetown, TX are essential to make that dream a reality.

In this guide, we’ll walk you through the key steps to effectively budget for your inground pool, ensuring you’re prepared for all associated costs and surprises.

Understand the Initial Costs of Building an Inground Pool

The first step in budgeting is understanding the primary costs involved in constructing an inground pool. These costs can vary widely depending on the type of pool, size, and materials you choose. Below are the main factors to consider:

1. Type of Pool

Inground pools come in three main types:

• Concrete pools: Highly customizable and durable but also the most expensive, with costs typically ranging from $50,000 to $100,000 or more.

• Vinyl liner pools: A more affordable option, costing between $35,000 and $65,000. However, liners will need replacement every 7 to 10 years.

• Fiberglass pools: Pre-manufactured and quick to install, with costs generally falling between $40,000 and $85,000.

2. Pool Size and Design

The larger and more elaborate your pool, the more it will cost. Additional features like waterfalls, slides, or integrated spas can add tens of thousands of dollars to your budget.

3. Permits and Site Preparation

Local regulations may require permits, which can cost anywhere from $500 to $2,000. Additionally, site preparation expenses—such as grading, excavation, and clearing—can range from $5,000 to $20,000, depending on the complexity of your property.

4. Professional Installation

Hiring professionals to install your pool ensures high-quality results. Installation costs typically range from $25,000 to $50,000, depending on the type of pool and the scope of the project.

Factor in Long-Term Maintenance Costs

Building the pool is just the beginning; maintaining it is an ongoing responsibility. Before you commit, it’s important to budget for maintenance to ensure your pool stays in pristine condition year-round.

1. Water and Chemicals

You’ll need to regularly balance your pool’s water chemistry to keep it safe and clean. Expect to spend about $500 to $1,200 annually on pool chemicals.

2. Energy Costs

Running the pool pump and heater can increase your utility bills. The average homeowner spends around $600 to $1,000 annually on energy costs, but this can vary based on the climate and the pool’s energy efficiency.

3. Routine Cleaning and Repairs

Routine cleaning supplies, such as skimmers and vacuums, cost around $200 to $400 annually. Additionally, unforeseen repairs for equipment like filters or pumps could set you back several hundred dollars.

4. Professional Services

Some pool owners opt for professional pool cleaning services, which can cost $80 to $150 per visit. Regular maintenance plans typically cost $1,200 to $3,000 annually.

Account for Additional Features and Landscaping

A pool isn’t just a functional feature; it’s also a key element of your outdoor living space. You’ll likely want to budget for additional features and landscaping to enhance your pool’s appearance and usability.

1. Decking and Hardscaping

Pool decks can be made of concrete, pavers, or natural stone. Decking costs range from $5,000 to $20,000, depending on the material and square footage.

2. Fencing

Most areas require pool fencing for safety reasons. Pool fences cost between $1,500 and $10,000, depending on the material and design.

3. Lighting

Underwater and ambient lighting not only improves safety but also adds aesthetic appeal. Budget $1,000 to $5,000 for quality lighting.

4. Landscaping

Landscaping around your pool can transform your backyard into a lush retreat. Costs vary widely but typically range from $5,000 to $15,000 for plants, trees, and additional decorative elements.

Create a Contingency Fund for Unexpected Costs

Even with careful planning, unexpected expenses can arise. Whether it’s additional excavation due to rocky soil or upgrades to your home’s electrical system, it’s wise to set aside 10-15% of your total budget for contingencies. This ensures you’re prepared for surprises without derailing your project.

Explore Financing Options

If paying upfront isn’t feasible, consider financing options to spread out the cost of your pool. Some popular options include:

• Home Equity Loans: Borrow against the equity in your home, often with lower interest rates.

• Pool Loans: Specialized loans designed for pool construction, available through many lenders.

• Personal Loans: Unsecured loans with higher interest rates but no requirement for collateral.

Be sure to compare rates and terms to choose the best option for your financial situation.

Conclusion

Budgeting for an inground pool requires thorough research and careful planning, but the reward is a backyard oasis you can enjoy for years to come. By accounting for construction costs, long-term maintenance, and additional features, you’ll have a realistic idea of what to expect.

Don’t forget to create a contingency fund and explore financing options if needed. With a solid plan in place, you’re well on your way to making your dream pool a reality with the help of a local pool contractor in Georgetown, TX like John Pack Custom Pools.