Is it time to renovate or upgrade your swimming pool? Has your pool pump or filter or other pool equipment stopped working? If you’re not sure if your pool equipment is on the verge of needing to be replaced, ask your pool contractor to inspect it and give you an estimate or a ballpark idea on how long your equipment might last. How to pay for pool repairs is something that pool owners will be forced to answer at some point.
When you are armed with the knowledge that “your pool pump will need to be replaced in three years” you can start to plan for it and budget for it. If, however, something goes on the fritz on the weekend and you don’t have time to save or set aside money for the repair you will be more under the gun to talk with your pool contractor about how much it will cost; then you have to consider how you will pay for it.
How to pay for pool repairs
Consider that a swimming pool itself will cost you upwards of $40,000 and you can also factor into that price that there are pieces of equipment that keep the pool running that will eventually stop working — just like the water heater or furnace.
How much does a pool repair cost?
There is no one-size-fits all answer to this question. It all depends on the size of your pool, the size of the equipment, the energy efficiency and other factors for the replacement part.
If you have to pay for swimming pool repairs you can:
- Finance it with your bank
- Take out a line of credit
- Pay cash
Here are swimming pool components that will at some point need to be repaired or replaced. You will need to determine whether it makes sense to repair or replace based on cost of the repair and of the replacement.
- Pool replastering
- A myriad of other pieces of equipment
The swimming pool contractors from Tipton Pools explain the swimming pool pump is one of the most often replaced pieces of equipment. A pump will last about six years with proper care and maintenance. Ask us to let you know the age and potential lifespan of the pool equipment and how much replacements would cost and you can start budgeting now for eventual projects.