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Splish,Splash

Posted July 7th, 2010
by PersonalLoans.org Staff

Nothing beats the summer heat quite like a swimming pool. And in addition to making the dog days a lot more bearable and fun, adding one can increase the value of your property. These days there are all kinds of pools available, and a lot of options for how to pay for them. Before you jump on an offer of in house financing, though, check to see if you might qualify for a personal loan first.

Assuming decent credit, you will generally enjoy a much lower interest rate when you take out a personal loan than when you finance something in house. And even if you are rebuilding your credit, establishing a relationship with a lender is not a bad idea, and can help you obtain credit again in the future if you need to.

Once you’ve checked with your lender, and have an idea of how much of a personal loan you could take out, it’s time to shop for a pool. Make sure you check out several places, as the prices may vary widely from one place to the next for essentially the same thing.

One of the things you’ll need to decide is what kind of pool you would like. One of the more popular options is an above ground pool. These pools generally range from about $900 to about $2,000, though they can be found cheaper or more extravagant. These pools are generally shallow (4 foot depth is common) and can be a good option for families with kids.

For a different spin on the above ground pool, you could look into buying a portable pool for as little as $200. But, don’t think that price is the only reason to opt for a portable pool. The fact that you can empty them and store them for the winter is a bonus in many locales. And, if you move, it isn’t much of a hassle to take them with you to your new home.

Of course, the mother of all pools is the in ground pool. These are built into the ground. This tends to make them more expensive, of course, as you need to pay for excavation and the installation of the pool. Prices vary tremendously with in ground pools, largely because they come in many different varieties. Your best bet is to check with a local dealer to see how much the in ground pool you want will cost you.

One more option, if you don’t mind shelling out some serious money, is the all natural swimming pool. It’s more popular in Europe than the US, but it’s catching on here, too. Basically, it’s an in ground pool with natural landscaping that uses natural, rather than chemical means of keeping the water clean and pure.

Whatever kind of pool you install, invite the neighbors and have a great time this summer.

Photo via Renato Souza

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