When the weather warms up, many Australians dream of adding a swimming pool to their lifestyle. It’s a big investment but one that should inspire a lot of questions to ensure you are making the best possible choices about what type of pool will suit your needs – and your budget.
1. Bigger isn’t always better
When it comes to pools, bigger isn’t always better.
Swimming pools require a lot of ongoing maintenance and the bigger the pool, the more that maintenance might cost. On top of costly chemicals, pool cleaners and expensive power bills, bigger pools mean bigger water costs too.
If you are in the market for a pool, do consider the scale that will suit your lifestyle, without running your resources dry.
2. Climate and trends guide your ongoing costs
Depending on the state or territory you live in, the cost of installing a pool in your yard can vary a lot, with the same 8x4metre pool you could have installed in Queensland for around $30,000, costing upwards of $60,000 in Victoria. One main difference is that most pools in Victoria include heating as part of the installation. The popularity of fully-tiled pools for Victorians, compared to the lower labour costs of pebblecrete typically done in Queensland, also makes a big difference.
There are many other factors that contribute to the cost of your pool installation – including access to and the size and shape of your block and, of course, the size and depth of pool you prefer.
3. The days of chlorine pools are disappearing
As the choice of chlorine and salt pools continues to wane, mineral pools are currently enjoying a peak in popularity – something that is better for the environment and your skin.
If you have an existing pool that is due for an upgrade, converting it to minerals will be one of the best investments you can make and, after your initial outlay, you will see substantial savings in both chemical upkeep and power bills.
Swimming pools can add value to your property but the only reason you should actually invest in one is if you plan to use it and enjoy the value it adds to your family’s lifestyle. Do your research and be realistic about your own swimming goals. A smaller lap pool may be a better option than a huge family swimming pool, depending on your needs and budget.
Whatever pool you do choose, be sure to have the resources available to maintain its peak condition to ensure your investment does hold its value in a way that’s safe, attractive – and fun for everyone to enjoy in those summer months,
If you are keen to explore home loan options or mortgage refinancing options to help you install or maintain a swimming pool at your property, talk to our team of trusted home loan professionals at Lending Specialists today.