Introduction
An inground pool is a type of swimming pool that is installed below the ground level. It is usually constructed with concrete, fiberglass, or vinyl. Installing an inground pool can bring plenty of benefits, such as improved home value, increased outdoor living space, and a place to cool off during hot summer days. But how much does an inground pool cost?
Cost Comparison: Inground Pool vs Above Ground Pool
To get a better idea of how much an inground pool costs, let’s compare it with an above ground pool. The average cost of an above ground pool starts at around $1,500. This includes the cost of the pool itself, installation and other necessary materials, such as pumps and filters. On the other hand, the cost of an inground pool starts at around $20,000. This includes the cost of excavation, installation, plumbing, and other materials.
When it comes to advantages and disadvantages, both types of pools have their own unique pros and cons. Above ground pools are typically cheaper and easier to install than inground pools. However, they also require more maintenance and don’t last as long. Inground pools, on the other hand, are more expensive but they last longer, require less maintenance, and offer more design options.
The Average Price of Installing an Inground Pool
Now that we’ve compared the cost of an inground pool with an above ground pool, let’s take a closer look at the average cost of installing an inground pool. According to HomeAdvisor, the national average cost of installing an inground pool is around $45,000. However, this number can vary depending on several factors, such as the size of the pool, the type of material used, and the complexity of the project.
Factors that Affect the Cost of Installing an Inground Pool
When it comes to the cost of an inground pool, there are several factors that can affect the price. These include:
- Size – The larger the pool, the more expensive it will be.
- Location – If you live in a remote area, you may need to pay extra for delivery and installation.
- Depth – The deeper the pool, the more expensive it will be.
- Material – Different materials, such as concrete, fiberglass, and vinyl, all have different costs associated with them.
- Installation – The complexity of the installation process can affect the overall cost.
For example, a basic 16×32-foot concrete pool with a depth of 4 feet could cost around $30,000, while a 24×40-foot fiberglass pool with a depth of 8 feet could cost up to $60,000.
A Comprehensive Guide to the Cost of Building an Inground Pool
To get a better understanding of the cost of building an inground pool, let’s take a look at the breakdown of the cost. According to HomeAdvisor, the cost of building an inground pool typically consists of the following:
- Excavation – 10-20% of the total cost ($4,000 – $9,000)
- Equipment – 15-25% of the total cost ($6,000 – $11,250)
- Plumbing – 5-10% of the total cost ($2,000 – $4,500)
- Fencing – 5-15% of the total cost ($2,000 – $6,750)
- Decking – 10-20% of the total cost ($4,000 – $9,000)
- Landscaping – 10-20% of the total cost ($4,000 – $9,000)
It’s important to note that these figures are just an estimate and the actual cost may vary depending on the complexity of the project.
What Is Included in an Inground Pool Installation?
In addition to the cost of building an inground pool, you may also need to factor in additional costs, such as permits, electrical work, and cleaning supplies. Furthermore, some companies may charge extra for things like pool lights, waterfalls, and heaters. It’s important to ask your pool installer about any additional costs before starting the project.
Financing Options for Inground Pool Construction
If you’re looking for financing options for your inground pool construction, there are several options available. For instance, many pool companies offer financing programs that allow you to pay for the pool over time. Additionally, you may be able to obtain a loan from a bank or credit union. It’s important to shop around to find the best financing option for your situation.
According to a survey by the National Association of Realtors, 75% of homeowners who installed a pool reported that it added value to their home. Therefore, if you’re considering installing an inground pool, it may be worth looking into financing options to help with the cost.
DIY Inground Pool Installation: Is It Worth the Savings?
If you’re looking to save money on the cost of your inground pool, you may be tempted to take on a DIY project. While it’s possible to build an inground pool yourself, it’s not recommended unless you have experience in construction and pool installation.
According to a study by the University of Wisconsin-Madison, DIY pool installation can be a risky endeavor. The study found that DIY pool installations often result in higher costs due to mistakes and delays. Additionally, they can be dangerous if not done properly. Therefore, it’s important to consider the pros and cons of taking on a DIY project before making a decision.
Conclusion
Installing an inground pool can be a great way to add value to your home and provide a place for family and friends to cool off during hot summer days. However, it’s important to understand the cost associated with an inground pool before making a decision. Depending on the size, material, and complexity of the project, the cost of an inground pool can range from $20,000 to $60,000. Additionally, it’s important to factor in additional costs, such as permits, electrical work, and cleaning supplies. Finally, it’s important to research financing options to help with the cost of building an inground pool.
Overall, installing an inground pool can be a great investment, but it’s important to make sure you understand the cost before taking on the project.
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