If the coronavirus pandemic has shown many families anything, it’s that a staycation is a must. If you’re backyard and home haven’t engendered a lot of fun during the shutdown, you may want a new pool to help while away the hours. We have put together a list of 5 ways to pay for your new pool that won’t break the bank.

Also, when you talk with the swimming pool contractors from Imperial Pools, Inc. in Decatur, IL let them know what you want out of the pool, what you think you want to spend then consider putting your family vacation money toward the pool. A swimming pool is a gift you can give your family that will be with you for years to come and make staying home a lot more fun!

If you can’t afford to purchase a pool with cash you’ve saved up, you will probably want to finance it. Don’t finance a pool that you cannot afford the monthly payments, pool service and increases in utilities. Talk with us and let us know what you can afford on a monthly basis and we can help determine what the increased utility bills may be, the cost for service and the payback of any kind of loan.

5 ways to pay for your new pool

  • Talk with a loan officer at the bank where you typically do your business. It’s easier to get a loan through a bank you have a history with. You may even be able to get an unsecured loan with the pool as collateral.
  • Depending on the amount of equity in your home you could refinance it to pay for the pool.
  • You could take out a home improvement loan. Many mortgage lenders consider a pool as an improvement to the home – one that ultimately adds to the resale value. Loans for home improvement come in three, five, or 10 year installment plans. Choose one that has a monthly payment that is comfortable for you to repay.
  • Some pool contractors offer to finance themselves
  • Determine how much it will cost then set aside that money so you can pay cash for the project.

Start your project today so you can swim as soon as the weather warms up next summer! Give us a call.