Owning an inground pool is like having an oasis right in your backyard. With over 10 million pools in the US alone, according to RubyHome, each year many homeowners have the opportunity to invest in renovations for their inground pool. However, without a well-thought-out budget, the project can quickly become overwhelming and costly. This guide will provide you with essential tips on how to budget effectively for an inground pool renovation and ensure your project is a success without breaking the bank.

Assessing Renovation Needs

Before you dive into a renovation project, it is crucial to determine the scope of work you'd like an inground pool company to accomplish. Identify whether you need simple cosmetic updates, such as new tiles or lighting, or more extensive structural changes like updating the filtration system or fixing leaks. Understanding the precise needs of your pool will help you outline an accurate budget. This initial assessment can help prioritize essential repairs over luxury additions so that your funds are spent wisely.



Researching Material Costs

Another critical factor to consider is the rising cost of construction materials. In our experience, this increase can impact your renovation budget. Therefore, it's important to research current material prices and consult multiple suppliers to find the best deals. Consider timing your purchase strategically, as prices may fluctuate due to seasonal demand or economic conditions.

Accounting for Additional Expenses

When planning your pool renovation budget, don't forget to account for labor costs and potential unexpected expenses. Hiring a reputable inground pool company is worth the investment, as their expertise can prevent costly mistakes. In our experience, you should set aside a contingency fund of at least 10-15% of your total budget to cover any unforeseen issues that may arise during the renovation process. This financial buffer will give you peace of mind and reduce the stressful impact of unexpected costs.

Budgeting for an inground pool renovation requires careful planning and consideration of various factors. By assessing your renovation needs, researching material costs, and accounting for labor and unexpected expenses, you can create a comprehensive budget that keeps your project on track. With these strategies in place, you'll be well-equipped to transform your pool area into a stunning retreat that you can enjoy for years to come. For all of your inground pool maintenance and repair needs, reach out to us at DRS Pool & Spa. A member of our team will be happy to assist you.