Buying a new pool is a huge financial commitment. Prospective buyers are often keen to understand the associated costs. However, it’s important to recognise that the final price tag depends on several critical factors. This is particularly true for pools that are more intricately designed and constructed. Features such as vanishing edges and special lighting can add significant value to your pool but also significantly increase the install cost.
For many people, a swimming pool is more than just an amenity for enjoying hot days in the water. It can be an investment in their health and well-being. A new swimming pool will also add to the value of your home and provide a great place for entertaining friends. However, it’s essential to consider all the costs and associated risks before committing to a new pool. In this article, we will outline some of the main considerations that will impact on your pool’s price tag.
The new North Sydney pool is open and, at a glance, seems to be the kind of pool that would be good for swimmers. The 10-lane pool is spacious with the kind of cement that will mark your wet footsteps, and it’s a good temperature for an afternoon dip – not as cold as Sydney ocean swimming but still quite comfortable.
But the pool is not without its controversies. A slew of council infighting, claims of pork barrelling, heritage concerns and criticism from health organisations have left the project at least $100 million over budget and more than two years overdue for a re-opening. The council is now trying to find ways to recoup some of the cost by charging fashion week shows, production companies and private parties, which is a step in the right direction but a long way from covering all the costs.
As a result of these cost overruns, the public pool has suffered significant delays. The pool was originally slated for a 2022 re-opening but that is now likely to be pushed back to 2025. A number of senior staff have been let go and some councillors are now calling for an independent review into the whole project.
The high cost of the pool has been compounded by a series of issues including site preparation, excavation, tip fees and preparing the concrete slab. Then there are the costs of equipment and hiring a crane, which can be expensive in tight spaces with restricted access or when lifting over existing structures.
The pool’s gel finish on the walls and floor will help to prevent algae and bacteria growth, which will save on chemicals. Unfortunately, the surface is not as durable as fibreglass or cement, and sharp objects, even toenails, can cause small rips and tears. These can quickly turn into leaks and expensive repairs.