Swimming Pool Financing

We all know that the economic news of late has not been great to say the least. Swimming pool financing is not something for everyone right now, but if you are fortunate enough to be comfortable in these times, you may be looking to improve your property with a pool.

Installing a above ground pool deck can help you show a premium when the time to sell comes around as it is a capital investment and will make your property more desirable to many potential buyers.  You may be able to afford the installation on your own, but if you are not, you should do your homework before applying for financing.

One of the first things you should do when you are considering a major investment such as an in ground pool, is check for local laws and ordinances.  Your costs could increase if you are required by your community to install fencing that meets certain standards.  This cost will have to be added in to your final cost.  You can ask your lender if it can be included in your deal for financing since it is part of the project.

If you know other people who have had installations performed on their property, ask them for any recommendations they may have as far as contractors are concerned.  If they were generally happy with the work ask them if they had any concerns afterward that you should address when you contact the contractor.

Beyond these recommended swimming pool contractors, call around and request estimates from several other licensed pool installers in your area.  Getting several estimates is always a wise thing to do when considering any major project.  Remember that this will decide how much money you will need when you apply for pool financing.  Bids can vary by large amounts and you might be surprised by the differences in services offered as well.  Make sure you are only dealing with professionals who are insured and who back up their work whether you are getting your estimates or applying for financing.  You are much better off erring on the side of caution.  Get all promises and descriptions of services in writing and confirm that the person giving you the information is authorized to make the deals they are offering.  Always feel free to ask questions.  It is your money that is getting spent after all.

Two important factors in the final cost of your installation and the amount of swimming pool financing you will need, are the economy and the cost of materials.  Right now the economy is down, so you may be able to find pool professionals searching for work and willing to bid against each other.  You can ask each contractor about their costs and see how their numbers compare.  Once you have found an estimate that you can live with, repeat the process of contacting numerous entities when you apply for your pool loan.  Ask to see what kinds of deals they are offering and then make the choice that suits you best.  As with anything shopping around can save you money when it comes to swimming pool financing.