Nothing attracts guests, including kids and grandkids, more than a swimming pool. If you have one, your home becomes a summer destination. But before you commit to a brand new pool, be sure you know what you are getting into.
Pools are expensive, whether in-ground or above-ground. Depending on size and materials, an in-ground pool can cost from $30,000 to $70,000 (or even more). An above-ground pool is much cheaper, but can still range from $1,000 to $7,000, depending on size and materials.
But those are just the starting costs. The expense (and time) will continue.
Owning a pool requires daily effort. Cleaning, sweeping, and managing the water balance can easily require 10 hours a week. Supplies can cost $100 to $300 a month, including the needed brushes, chemicals, poles, and nets.
You'll also pay for extra electricity — about $30 to $150 — to keep the pump running. For municipal water service, add another $60 to $120 worth per month. For rural water, your $4,000 well pump will need to work overtime, and will need to be replaced sooner. If you want a heated pool, expect to pay at least $50 per month, and much more if the pool is deep and large.
You'll need a safety cover for the winter at a minimum of $2,000, more for larger pools.
Your insurance premiums will increase, and you'll probably need to add a liability umbrella.
Every few years, a vinyl pool liner will have to be replaced. The costs include the liner itself (an average of $2,350, according to Angi.com) and labor at about $2,000.
