With summer just around the seasonal bend, many people are looking to jump in the swimming pool to cool down and relax. The question isn’t about whether or not pools are lovely to have during the scorching summer – a lot of us really enjoy a dip in a cool pool. But is it better to install a pool as an addition to a home or buy a home that already has a pool?

“I learned a long time ago that you can spend $50,000 – $100,000 on an inground pool, but the homes in the neighborhood are still going to sell for a certain amount of money, regardless,” says Cargal Group Realty owner, property manager and renovation manager Derrek Cargal. “If you can buy a home with a pool, you’re always a step ahead of those who are building, permitting and insuring a new pool.” This applies for rental homes, too, said Derrek. Even above ground pools are better alternatives than starting from scratch to budget a maintenance-heavy inground pool.

“Think about it,” said Derrek. “If the yard isn’t perfectly flat, you have to dig the land up to make it level for the pool and that’s more time, labor and machinery to accomplish.”

Fixr.com says, “The average cost of a 19′ diameter above ground swimming pool is $6,243; while the average cost of a 32’x16′ inground swimming pool is $21,919.” Most above ground pools can be installed by DIY enthusiasts, whereas an inground pool is going to most likely require talent and labor.

“Above ground pools are fairly straightforward to maintain and great for parents with children,” said Derrek. “It’s a budget-friendly alternative that will save you time and frustration. Worst case scenario, you drain it – you don’t have to worry about 10,000 gallons of water like an inground pool would require.”

However, if you are still looking to put in an inground pool, there are three types of inground pools to choose from: fiberglass, vinyl liner, and concrete.  If you want general pricing for each, you can find that here. And for a detailed comparison of the three types of pools based on durability, maintenance and compatibility and many other factors, you can find that here.

Additional pool tips from a pro

“Keep it reasonable,” said Derrek. “So many people get started on something and because they didn’t make a plan, they double their budget (even when they can’t afford it). If you’re overspending and adding debt that’s unnecessary, you’re losing money – so enjoy your budget and work within it.”

Personal loans can be used for home improvements

Your savings are important and if you don’t want to empty your emergency cash stash, a LendingPoint loan may be a great option.

Even if your credit score is lower than you would like it to be, you do have personal loan options. A personal loan can even help improve your credit score. By taking out one of our personal loans. you can make affordable monthly payments and build your credit story by making on-time payments each month. As you continue to make your payments on-time, you build your credibility and your credit history.