Where do you purchase your pool supplies?
A friend of mine has a “saltwater” swimming pool, it does not require the addition of any chlorine. Does anyone know how the chemistry of the ionizer works, ie how does it convert simple NaCl to hypochlorite? Is the chlorine level in this type of pool lower than a chlorinated pool? Is the level of Chlorine gas lower?
5min Time Lapse of In ground pool install
I’ve wanted a pool forever and considered selling or renting my home to get a home with a pool. I know they can be a pain and expense in terms of upkeep, so please don’t respond telling me what a waste it is. I’ve decided to keep my home and add a pool. Here are my options.
(1) Refinance my current mortgage ($130k) to include the cost of the pool ($30k). The pool would be amortized over 30 yrs…so the jump in payment would only be a couple hunded a month. I’d have to pay fees with the refinance, and my rate would go up about half a point from where it is now.
(2) Do a home equity line of credit for the cost of the pool. I’d only pay interest and a small portion of the balance but would pay off the pool when the house is sold (though there’s no plan to do so for the next 5+ yrs). Interest would be deductible.
(3) Pay for it out of savings and be done with it. This seems cleanest, but there’s no tax deduction and I deplete part of my rainy day fund. Suggestions?
Levendis: As to rates, my current mortgage is at $130k at 5.5 percent. If I refinance I’d be looking at 15 years I might be able to get 6, or slightly higher, 30 years would probably be 6.5. Home’s value is at $260 plus or minus. I recognize I won’t get $30k improvement in equity by adding the pool. The HELOC I have now for $10k is inching up to 9%…however, I’ve received offers of a standard Home Equity Loan for $75k at $6.99 fixed (30 year). As to savings…I have about 90k with about 75 of that in CDs.