Swimming Pool Financing | Financing Swimming Pools
Did you know that a pool will not only add beauty to your home, it can add value to it as well? Banks and other financial lenders will often look favorably upon swimming pool financing because they see it as “home improvement,” which will increase the value of the home and eventually the re-sale value.
Pools are typically financed through a long-term mortgage similar to the one you likely obtained to purchase your home. Since you can spread out the payments on your pool over a longer amount of time than, for example, a home entertainment system, your monthly payments are often small enough to make your dream pool affordable.
Because the pool loan is usually secured by your property, the interest on the loan will most likely be tax-deductible. You should consult your tax advisor.