Budgeting for Your Swimming Pool: Part 2
Like all major purchases in our lives, the value of what we buy is measured
by the cost of the item (both the initial price and over time) compared to the
use or enjoyment of that item. By that comparison, a swimming pool is an
investment that delivers fantastic return, because it is enjoyed year after
fun-filled year.
When it comes to budgeting for your new swimming pool, there are a number of
factors to consider; cost of the pool and installation, maintenance and upkeep,
value over time and what you and your family can reasonably afford. Let’s face
it, oftentimes our ultimate goal is to get the most value for the least amount
of money.
Ask yourself this question first: How much did your last vacation cost?
Total up travel, food and lodging costs, as well as any incidental prices of
souvenirs or admission prices. In most instances, this is a significant figure,
anywhere between one and five thousand dollars. Now, think of how you managed
to finance that vacation. Did you squirrel away money over time? Open a line of
credit? Use existing credit?
The point is; if it’s important enough for you and your family, you’ll
generally find a creative way to make it happen without breaking the bank.
That’s the key to developing a swimming pool budget. Depending upon the size,
design, and style of the pool, you can enjoy a high quality swimming pool for a
price that fits your budget.
Above ground pools are almost uniformly less expensive than inground pools.
The real trick to maximizing your dollar is to find a dealer that can present
you with options that fit your price range. Much like you do with vacation
planning, ask about the initial and on-going costs of installing and
maintaining your pool, and if financing options are available that are
attractive to you.
Because when you think about it, budgeting for a swimming pool is very much
like planning a vacation—one that’s available to you in your own backyard for
years to come.
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