As the summer months approach and temperatures finally warm up, a day lounging by the pool sounds more and more appealing. If you are considering investing in a new pool, there are a few factors you should consider. 

One of the major decisions you will be faced with is whether to purchase an above-ground or in-ground pool. Arming yourself with knowledge regarding both options can help you make the best decision for your home. 

Budgeting for a new swimming pool 

Investing in your very own backyard oasis provides a return on your investment and can increase the value of your home, but it can also wind up being a bit pricey. Before you purchase a new pool, ensure that you properly budget for this expense. 

You will want to have a bit of extra money to cover costs associated with maintenance. According to this Old House some of the extra expenses include:

  • Proper pool chemicals 
  • Pool pump maintenance 
  • Nets for cleaning debris that may fall into the pool 

Speak with a pool professional to get an estimation for the total cost of monthly maintenance. 

When saving up for putting in a new pool, don't depend entirely on your Christmas bonus. You might wind up with a jelly-of-the-month club membership and no private getaway during the smoldering summer. Work as a family to contribute money to a savings account throughout the year. Give up eating dinner out or other extra expenses and contribute the savings to your pool fund. 

The Nest, a financial publication, noted that you can also finance your swimming pool by tapping into your home equity. 

Hire a professional to checkout your property 

If you have a spot picked out for your swimming pool, hire a home inspection company to come take a look at your property. You want to ensure there is no sloping and you can dig out an area if you decide to install an in-ground pool. 

Know what you want 

Before moving forward, Pool Spa Outdoor recommended creating a wish list for all the features you want in a pool. Decide whether you want patio space to lounge or landscaping around the pool. Imagine what you would want to see in both an in-ground and above-ground pool. These preferences can help you figure out the cost of each. 

Additionally, it is important to be aware of various types of in-ground and above-ground swimming pools. 

Features of an in-ground pool to consider 

If you invest in an in-ground swimming oasis, you will need to decide the material you want to use to build the pool, the shape and whether you are interested in water features. 

These decisions impact both the look and design of the pool as well as the function. For example, if you decide you want an elaborate water feature you likely won't have too many kids cannonballing into the water. 

Features of an above-ground pool 
Above-ground pools allow you to customize decking to allow for easy entrance and exit from the water. Additionally, you can incorporate pool fountains and customized lighting for night swimming, according to 

Additional considerations
Once you decide what you want out of your swimming pool and the features you would like to incorporate, you can begin figuring out what kind of pool is best for you. Fox News noted that above-ground pools are not good for diving while in-ground pools might be dangerous for small children and pets. These are additional examples of things you should consider. 

The cost associated with your vision also impacts whether you settle on an above-ground or in-ground swimming pool. Typically pools above the ground are less expensive than those you must dig a hole for. 

The appearance of the pool may also be a deciding factor. Whether the pool looks good in your backyard impacts the value of your home. If you plan to sell your home in the future, an in-ground pool might be a better investment. 

Head to a local pool company and get an estimate for the cost of both an above-ground and in-ground pool to help you while you make your decision. 

Discuss your options 

Once you have your estimates and pros for each option, sit down with your family to talk about both alternatives. Decide whether sacrifices will have to be made to accommodate certain designs. For example, you and your family might not be able to get a new puppy if you decide to invest in an in-ground pool or you might still have to pay for a membership at the local gym because you can't swim laps in an above ground pool. 

Once you settle on a decision you can start your construction journey. Soon you will be laying in the sun enjoying the warmth and a few fun splashes.