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Using a Swimming Pool Loan to Increase Your Home's Value

By Edited Apr 10, 2016 0 1

When looking to purchase a home, many people will want to know if it has a swimming pool. Any house that has a swimming pool in the backyard has a better chance of selling faster than a house that does not contain a swimming pool. If someone is purchasing a home, chances are they have kids or are planning to have kids and they may not want to have to finance a house and then have to worry about swimming pool financing later down the road. People are always looking for a more convenient way of doing things, so if they can get everything they want in a one-stop shop kind of way, you will have a greater chance of selling your house. If you do not already have a pool in your yard and you do not really have the extra cash to pay for it all at once, you will need to find a swimming pool loan, and you will want to know some very important information so that you can get the best deal.

One of the first things that you will need to do is shop around. There are several options when it comes to swimming pools and you will want to find one that will add twice the value to your home that you are going to end up paying for it. Depending on the type of pool that you wish to install, you will need to obtain inground swimming pool financing or above ground swimming pool financing. There is a sizeable difference in the price that these two options cost and the time that it takes to install each of them is different as well. After you have chosen the type of pool that you want to install, you will want to shop around and see who has the best deal.

Another thing that you will want to do if you do not have construction or pool installation experience is check with a contractor to get an estimate on the cost of installation for the type of pool you have chosen to go with. Companies vary in how much they charge for their services so be sure to check with all of the ones available to ensure you get the best deal.

Once you have an estimate of how much the pool and installation will cost, you will be ready to find the proper place to get your swimming pool loan from. Going in with the amount that you need to borrow will greatly help you with obtaining the money that you need. Your credit score will also help you in being able to obtain the correct amount of funds. If you have good credit, you will have no problem getting cash from your bank or even the company that holds the mortgage on the house. These places know the value that a swimming pool brings to a property and they know that you will gladly repay them when your house sells.

Adding a swimming pool to a house that you are thinking about selling is a great way to be sure that the house does not stay on the market for a long time. You will also not have to worry about the hassle of having to show your house to several different people because chances are the first few people who take a look will decide that your home is exactly what they are looking for and decide to purchase it from you. There are not many things that make a house sell faster than having a pool of water in the backyard.

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Feb 11, 2010 7:31pm
This comment has been deleted.
Sep 28, 2010 10:13pm
Very well written, thoughtful, and informational...it was simply a joy to read :)
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