Though having a backyard swimming pool may seem like a dream come true, the upfront costs might have you second-guessing your decision. The average in-ground pool costs between $28,000 and $55,000, while an above-ground pool costs around $6,200.

If you’re set on adding a pool to your property but don’t have that kind of cash just sitting around, don’t worry — there are still plenty of options available to you. With a bit of planning and creativity, you can find ways to finance your ideal pool without breaking the bank.

Saving money for a swimming pool doesn’t have to be difficult. By following these simple tips, you can make your dream pool a reality without going into debt.

Set a budget and stick to it

The first step to saving money for anything is to set a budget and stick to it. Determine how much you can realistically afford to spend on your pool without putting strain on your finances. Once you have a number in mind, that’s the time to set that amount aside until you achieve your goal. You may need to make some sacrifices along the way — giving up your morning coffee habit or eating out less often — but it will be worth it when you’re lounging by your very own pool.

Shop around for financing

If you’re not able or willing to pay for your pool in cash, don’t despair — plenty of financing options are still available. Talk to your local bank or credit union about taking out a loan specifically for your pool project. Home equity loans and lines of credit are also viable options if you own your home outright or have built up significant equity. Just be sure to shop around for the best rates and terms before making any decisions.

Choose the right contractor

Choosing the right contractor is essential when it comes to home improvement projects or home additions. A good contractor will not only get the job done right, but they will also be able to work within your budget. When looking for a swimming pool builder, be sure to ask for references and reviews from past clients. You can also look them up on Better Business Bureau to see if some clients have filed complaints have been filed against them or their work.

Once you’ve narrowed down your options, ask the contractors to provide a quote for the project. Be sure to get everything in writing, including the project’s total cost, the materials used, and the timeline for completion.

Once you’ve chosen a contractor, stay on top of the project. Check in with them regularly to ensure they stay on track and within budget. Don’t hesitate to speak up if you notice any unexpected costs or delays. Following these simple tips ensures that your pool project goes smoothly from start to finish.

Take advantage of discounts

Builder’s discounts, seasonal sales, and even coupons can help lower the cost of your swimming pool. Many manufacturers offer discounts on their products if you purchase everything from them, so be sure to ask about any available deals before making any final decisions. Many stores also offer seasonal sales throughout the year, so timing your purchase accordingly can help you save even more money. Finally, don’t forget those ever-useful coupons — they can add up quickly when used correctly!

Find ways to increase your income

There are many simple ways to increase your income and save money for a swimming pool. Here are a few of our favorites:

Negotiate a raise at your job.

Don’t hesitate to ask for a raise if you feel you deserve it. Talk to your boss about your contributions to the company and highlight your accomplishments. If you can show that you’re an asset to the organization, there’s a good chance they’ll be willing to give you a pay increase.

Start a side hustle.

If you’re looking for extra income, starting a side hustle is a great option. There are dozens of ways to make money outside of your day job, from freelancing to dog walking to tutoring. The best part? Most side hustles can be done in your spare time, so they won’t interfere with your regular routine.

Look into tax breaks

One final way to save money on your pool is by taking advantage of tax breaks. Many pool-related expenses are tax-deductible, including pool installation costs, pool maintenance fees, and even pool chemicals! Be sure to speak with an accountant or tax specialist about what deductions are available to you so you can get the most savings possible.

Saving money for a swimming pool is possible with a bit of planning and creativity. By setting a budget and sticking to it, shopping around for financing, and taking advantage of discounts, you can make your backyard oasis a reality without breaking the bank. So what are you waiting for? Start planning today!