Summer in Toronto is just around the corner and with the lockdowns still in place people will once again have to find ways of enjoying the warm weather at home. Last year the lockdown resulted in a huge boom in the sale and installation of pools. In fact, many installers are already booked solid for 2021 based on the sales they had in 2020. If you are thinking of installing a pool in your yard for the summer, here are some costs to keep in mind to help you properly budget for the expense.
Type of pool
The type of pool you choose will definitely influence the price you will pay for your Toronto installation. There are three main kinds of pool available: liner pools, fiberglass pools and concrete (gunnite) pools.
Liner (vinyl) pools are the most affordable to install (between $10K to $25K) however they will require more frequent maintenance as liners need to be changed every 5-10 years and can be damaged by pets. The yearly maintenance can also be higher for a liner pool, but they are naturally algae resistant and fairly easy to clean.
Fiberglass pool costs can be initially quite attractive – but the base price doesn’t truly reflect the cost of a full install. Usually the base prices start at around $20K but with a full, professional installation can be as high as $60K. Fiberglass pools are very low maintenance, though, and will save you money in the long run.
The most expensive option is concrete. Although they are great looking, fully customizable pools, they will cost between $50K-$100K depending on the finishes and features you choose. These pools do require a lot more maintenance but will last the longest out of all three pool options. However, the cost of maintaining a concrete pool is also the highest.
Hidden costs
The installation of the pool is only one of the costs that you will have to take into consideration. Some of the other costs to keep in mind are:
– The concrete collar
– How much extra dirt removal will be if you need it
– Electrical and/or gas hookup
– Landscaping
– Fencing
– Removal of large objects such as tree stumps or boulders
– Moving of power lines if they are in the way
When all of the costs involved with a pool installation are taken into account, the final price tag can easily range from $50K on the low-end to nearly $200K.
Shop around
Naturally, you can bargain with installers and it is always best to shop around. Read reviews of installers and ask friends and family for referrals. Another tip to keep in mind is that the best prices for pool sales is usually in the early fall when business begins to slow down.
Pools are a great addition to your home. However, they do not really add value to your property, and depending on the age of your pool, can even be a hindrance to prospective buyers. In the end, any pool you install will be for the pleasure of you and your family.
