NEW YORK (MainStreet) If you're thinking of installing a pool for summer or maintaining the one you have, the cost may seem prohibitive. With proper upkeep, though, the cost of pool ownership per month is far less than the average weekend getaway. Here's a look at some of the most frequently asked questions surrounding pool ownership and what you can do to keep your costs low.
How much will my pool really cost to run and maintain during the summer months?
The cost for running on a residential pool will vary according to region, says Willan Johnson, CEO of VivoPools, based in Los Angeles. On average, the cost is $200 per month, and it breaks down like this:
- Electrical costs to run equipment: $80 per month
- Electrical/ Gas costs to heat pool or spa during swim season: $80 per month
- Costs of chemicals: $20 per month
- Costs of equipment repairs/maintenance: $20 per month
"It's hard to put a financial return on investment on pool ownership," Johnson says. "Some families spend $2,500 per year eating out in restaurants it all depends on how you want to spend your money. If you think your pool is a worthwhile investment, the costs associated with maintaining it are just factored in to the overall budget of your home."
If I were to install a pool, how much would that cost?
"If you don't already have a pool, they aren't cheap to put in," Corbett says. "Depending on what kind of decking you get or the area where you live, they can be $40,000 or more. With that said, if you're in a neighborhood where the pool would add that much value to your home, then it's a good investment."