Owning a swimming pool is an ultimate dream for homeowners, but between the initial installation costs and ongoing maintenance costs, it’s a financial commitment that some don’t want to make. In Canada, a typical inground pool can cost anywhere from $ 20,000 to $ 50,000. Maintenance accounts for about 10% to 15% of that initial cost, so you have to check a $ 2,000 to $ 5,000 bill for maintenance each year.
Fortunately, for those unwilling to pay such an amount, there are alternatives to inground pools that are worth considering. These options offer the same recreational benefits as traditional swimming pools, but at lower prices. Innovative products and ideas enable more homeowners to have their own pool that incorporates sustainable features that are inexpensive and easier to maintain.
1. Aboveground pools
An above-ground option is much cheaper compared to an underground pool and costs between $ 1,000 and $ 5,000 during installation. Annual maintenance is approximately $ 1,000. These types of pools usually come in Do-it-yourself kitshence the lower cost of purchase and installation. Aboveground pools also allow homeowners to “test the water” and see if owning a pool is suitable for them. The best part is that they can be easily taken down and resold.
Many homeowners make above-ground pools an integral part of their yards. While they’re not as eye-friendly as underground pools, they can look just as impressive with the right landscaping. There are different types of above-ground pools depending on the material used. Probably the cheapest is the inflatable one. This costs less than $ 1,000 and requires little maintenance. Inflatable pools usually only last a summer or two.
If you prefer a more stable material for an above-ground swimming pool, choose steel or resin. Steel is one of the most economical materials to buy, costing around $ 1,000 to purchase while maintenance typically drops around $ 1,200 per year. Steel above-ground swimming pools last about eight years. Meanwhile, those made from resin cost around $ 5,000, but the advantage is in the longevity. These pools can last 10 to 15 years.
If you’ve added more features to the pool, expect higher fees. Pool heaters, covers, lights, and steps aren’t exactly cheap. With above-ground swimming pools, most homeowners also beautify the landscaping. To meet these costs, applying for loans has become a popular financing option for many. This could be a personal loan, retail finance, or line of credit, but the most convenient is a home equity loan.
With home equity loans, any borrower with equity in their home qualifies, regardless of their income level. They also come with reasonable rates, more decent than other types of finance, including credit cards. Home equity loans are good for retirees looking for options that don’t involve withdrawing large amounts of money from their retirement funds. Continue reading through home equity loans to finance pool facilities.
2. Spa swim
Swimming pools are great for those who want to incorporate swimming and exercise into their routine. They also offer benefits that come with massage therapy. While top-notch swimming pools can cost $ 10,000 or more, they’re still cheaper to purchase and maintain than traditional pools. The installation does not require any major structures. If you have a small garden, a swim spa is the perfect pool alternative for you.
In contrast to an indoor pool, a swimming pool can be operated all year round at a relatively low cost. Its energy efficient construction and insulation mean lower electricity bills. Swimming pools also require less water to operate, so you can save more. In terms of maintenance, the filter system can easily sieve out floating debris because the surface area is smaller. The antimicrobial acrylic finish on swimming pools means you don’t have to scrub it regularly.
Because their propulsion systems are designed for swimming in place, pools don’t allow laps, but you can still get all of the benefits of swimming and more. Thanks to the natural resistance and buoyancy of the water, you can do an aqua path, stretch and strengthen your muscles. Many use swimming pools for improved mobility. Some spas also have rowing bars and resistance bands for water exercise.
Another advantage of a swimming pool is that you can use it all year round. You can adjust the water temperature without worrying about paying hundreds of dollars in utility bills. Since swimming pools have smaller tanks and built-in insulation, the pumps and heating only cost to run around $ 1 to $ 3 per day. This is less than half the cost of running an average underground swimming pool.
Recycled products like shipping containers and rainwater tanks make for great pools in the back yard. If you’re lucky enough to get your hands on one, you can customize it to suit your needs. Many homeowners look for pools like this because they can be stylish and modern. They also cost less than a traditional pool. A small shipping container pool, for example, costs around $ 17,000 at no additional cost.
With shipping container pools, you don’t need costly ground leveling work. They can be installed above ground and on pillars or fixed platforms. You can escape without a fence surrounding the container, just a single gate blocking the entrance, and still meet the fence requirements. Installation can take a day. A small container pool is about the size of a standard parking lot and is therefore ideal for swimming and racing laps.
Another recyclable product that can be used for pools is a concrete rainwater tank. Prefabricated tanks that are converted into plunge pools can be both functional and aesthetic. They can complement any outdoor garden area and are quite easy to maintain. Concrete tank plunge pools are also great for small yards. Installation can take several days as they need to be screwed in, leveled and fastened with the correct plumbing.
Because of their small size, these types of pools are not suitable for swimming laps. However, if relaxation is what you are looking for, they are ideal for you. You can install heaters and use them 365 days a year. Some homeowners also set up jets and bubbles so their tank pools can serve as swimming pools. Concrete water tank basins are durable. With the right care and maintenance, they can withstand extreme conditions.