Pool Prices Are On the Rise
Swimming pools make any house feel more like home. Having one in your backyard adds to the general ambiance of your home and creates a place to build many wonderful memories. If you’ve been thinking about building a pool in your backyard, you may be surprised to see an increase in price from what it was even a year ago. But don’t let that deter you. A custom pool is a smart investment with a big return.
Why Are Pool Prices Increasing?
Perhaps the biggest reason for the increase in pool prices is increased demand putting a strain on an already limited amount of materials. With everyone adjusting to the world’s new normal, the amount of vacations and travel people are taking has declined drastically. These days, people want to stay at home more and want to create a space for “escape” in their own backyard. To make their homes as comfortable as they can be, many are turning to a swimming pool as it is high on the “comfort-providing products” in a home.
Factor in industry-wide supply shortages, manufacturing delays, and logistical issues along with the big rise in demand for pools, and you end up with higher prices for materials, and therefore, higher costs to build a new pool. So it’s simple supply and demand. Without that changing anytime soon, we are expecting prices to only get higher. So starting on your pool as soon as possible could save you a lot of money.
A few years back, the average price of an inground swimming pool in a residential area was dependent on factors such as the location of the house, pool site, type, size, shape, and features. Permits and similar considerations also came into play in determining the exact figure.
However, this year, across the board shortages of materials are adding another big consideration when determining the final cost.
Increase in Pool Prices
With so many people building pools, the shortage of pool-related materials is impacting the entire industry. The scarcity of everything from pumps and heaters to steel and gunite is leading to a dramatic increase in costs.
The Big Picture
The only way to get ahead of the price increases is to start on your pool as soon as possible. But also remember that a pool is a big investment. Jumping at a low price or promise to get it done in an unrealistic timeline will only lead to headaches and long-term costs that make a “good” deal end up as a bad decision.
Building a pool is a great decision for your family. Built right by a trusted and experienced pool builder, it will be a source of fun and togetherness for years and years to come. So if you want a pool, we highly encourage you to start right now. Both to get it done sooner and to not have to pay as much. The best first step you can do is to contact your local reputable pool builder today.