How Much Does an Inground Pool Cost?

How much does it cost to build an inground pool?

With a national average of around $51,800 for the complete construction of a new inground pool, you can expect to spend between $38,000 and $70,000 depending on the size, type and features of your new pool. With an average pool size of 14x28 reaching a 6.5 ft. depth, that's around $50-$125 per square foot. If you're like most Americans, you might be wondering how the heck you can afford that price tag. The secret? Financing.

Should you get a home improvement loan to pay for an inground pool?

One option for financing your new pool is to get a home improvement loan. If you can afford monthly installments, financing your new inground pool with a home improvement loan can be a straightforward solution. Plus, you can get access to those funds quickly. Other benefits include. . .

• No collateral. Unsecured home improvement loans do not require you to put up any of your assets in order to obtain financing, meaning your home is not at risk. Opting for an unsecured loan can expedite the loan process as well.
• Competitive interest rates. Secured loans can be used for pool financing, and often have the lowest interest rates. However, they're challenging to qualify for and risky in the sense that if you default the bank can repossess your home. Turn to an unsecured home improvement loan for competitive interest rates and loans that do not require collateral.
• Fixed monthly payments. Home improvement loans offer fixed monthly payments, thus making budgeting less of a headache. Just put the loan on autopay and go enjoy your new swimming pool.

Acorn Finance can help connect you with lenders so you can obtain the financing you need, fast. With no hard credit inquiry, browsing offers will have no impact on your credit. Choose the loan terms that work best for you, in just a few clicks.

What is the return on investment of building an inground pool?

While you're considering the costs of a new inground pool, you may be wondering if this change will increase the value of your home. Although the national average of ROI (return on investment) for a pool is around 7%, that will vary significantly due to a number of factors.

#1. Condition. If you're considering investing in an inground pool strictly to up your resale value and anticipate selling quickly, you can expect the pool to be in good condition - which can help increase your return.

#2. Type of pool. Not only will the type of pool impact your ROI but the size can as well. Most buyers still want to see a good chunk of usable yard space in addition to a pool, so keep that in mind when planning.

#3. Age. If you don't plan on selling in the relatively near future, you can expect to not receive the same ROI on your pool as if it were new. Things are always changing in the pool industry and buyers will prefer newer, more modern building techniques and materials.