6 Deadly Pool Purchasing Mistakes - Mistake #5

#5. Focusing on Initial Cost Rather than Cost of Ownership

Because in-ground pools can cost anywhere from $20,000 to $60,000 and more, most pool buyers are concerned about the initial price and pay little attention to daily operational costs. Purchasing a pool that requires little maintenance will usually be the cheapest deal in the long run. Pools that do not require a lot of chemicals, cleaning, resurfacing or replacement parts will cost less over the life of the pool.

Additional Costs

Additional costs of required basic equipment can surprise some pool buyers. Equipment such as filter systems, steps or ladders, and skimmers for surface cleaning are considered essential.

Many pool owners install heating equipment and pool-side decking of concrete or wood. Pool covers are often used to keep water clean and retain heat when the pool is not in use. If used properly, these covers can be a wise energy-saving investment.

A wide range of accessories is available for pools including pool and outdoor lights, diving boards, slides and handrails for steps. While some accessories, such as outdoor lights, can be added after construction, it is more economical to have fixed pool equipment installed at the time of construction.

Non-climbable fencing may be required and a self-closing mesh gate with a latch are sometimes required by local building codes and state law.

Some owners decide to purchase a housing structure for things like the filter and heating equipment to protect the machinery from severe weather. In some climates, pool builders may recommend screening the pool area to keep out insects such as mosquitoes and flies.

Before building, pool buyers should talk to their insurance agent to find out about any additional home owner coverage for the new pool. Information about possible property tax assessment increases also should be obtained from local taxing authorities so you will know what to expect when property taxes fall due.

As you can see, there are a myriad of potential extra costs that spring up during the purchasing process that are not typically in advertisements or brochures.