For most Florida homeowners, the biggest consideration regarding investing in a custom swimming pool is how much it will a new pool cost. Just like purchasing a car, there is no clear-cut answer. While the price tag will vary, there are some ways to accurately predict the total cost of your pool before it’s actually built. By keeping these considerations in mind, you’ll ensure that you can plan financially for this incredible home improvement project.
2 Factors that Impact the Total Swimming Pool Build Cost
When it comes to building a pool in Florida, there are two main factors that drive the total cost that homeowners will pay.
#1 – The size of the pool itself composes the bulk of your expense. In general, you’ll be paying based on the surface square footage regardless of the design of the pool. Whether you have a straight line pool or opt for a custom design, it’s the size itself that is the largest price driver.
#2 – Any upgrades and luxury accessories you want will add to the price tag as well.
Know What to Expect for the Initial Cost
Homeowners in Florida pay $25,000 to $50,000 on average for an in-ground pool. In fact, most financial advisors say that being prepared for a price tag in this range will put you in a good position to get the swimming pool you want. But why the large price range? The cost varies neighborhood-to-neighborhood, town-to-town depending on local real estate values and other factors.
Things that Raise and Lower the Price of the Pool
Other than the location of your home, there are many factors that will determine what you pay for a swimming pool. The size, depth, and materials used will all play a major factor in determining the cost. For instance, premium materials such as concrete and fiberglass will certainly drive prices up. While a custom shaped pool might cost more on the onset, they potentially consume less surface area than a traditional pool, which could lower the initial price tag.
Recurring Costs Can Be Managed
After the pool is built, there are recurring costs that you must pay to keep your pool healthy and beautiful. By consistently keeping the pool cleaned, updated, and in good shape, you will better retain the value of the pool and reduce any recurring costs in the process. Good luck with your purchasing decision – and enjoy your new swimming pool!