Building or remodeling a pool can boost your property value and dramatically improve how you use your backyard, but it’s also a major investment. The good news: you have multiple financing paths, and choosing the right one can help you protect cash flow, expand your budget, and complete the project all at once instead of in phases.
Why Homeowners Finance Pool Projects (Even When They Have Cash)
Financing isn’t only for “can’t afford it” situations. Many homeowners finance to:
- Preserve cash reserves for emergencies or other investments
- Improve monthly cash flow instead of making one large payment
- Complete everything at once (deck + tile + plaster + equipment) to avoid future tear-outs and duplicate labor
- Choose upgrades now that are easier to install during the remodel (automation, heaters, lighting, water features)
What to Compare Before You Choose a Financing Option
Before you commit, compare financing options using these basics:
- Interest rate and total interest paid
- Monthly payment
- Loan term length
- Fees (origination, closing costs, deferred-interest terms, etc.)
- Speed of funding
- Collateral requirements (secured vs unsecured)
Option 1: In-House Financing
Arrowhead Deck & Pools offers Wells Fargo Outdoor Solutions financing for eligible projects (commonly used for concrete and deck remodel work). Promotional financing, such as 0% interest for six months (with approved credit), may be available depending on the offer and your approval.
This can be one of the most convenient ways to finance because it’s designed for home improvement-style projects and may offer short-term promotional terms. Always confirm the current promotion details, fees (if any), and whether terms are 0% APR or deferred interest.
Option 2: Home Equity Loan or HELOC
If you have equity in your home, a home equity loan (fixed payment) or HELOC (line of credit) can be a strong choice, especially for larger remodels.
- Many lenders limit borrowing to a percentage of your home’s value (commonly around 80–90% combined loan-to-value, depending on lender and borrower profile).
- Tax note: Interest on a loan secured by your home may be deductible only if the funds are used to buy, build, or substantially improve the home, and you itemize deductions (subject to IRS rules and limits).
Because your home is collateral, home-equity financing can offer better rates than unsecured debt, but it also carries more risk if you can’t repay.
Option 3: Personal Loans
A personal loan can be a fast, flexible option, especially if you don’t want to use home equity. Personal loans:
- Often fund quickly
- Usually have fixed rates and predictable payments
- Typically have higher rates and lower maximum amounts than home equity options
They can be a good fit for smaller pool remodels, equipment upgrades, or when you want a simpler approval process.
Option 4: Credit Cards and Promotional 0% Offers
Some homeowners use 0% intro APR credit cards strategically, especially for materials or smaller portions of a project, if they can pay it off before the promo ends. You can also look at specialized home improvement programs, which many outdoor contractors use for customer financing.
Conclusion
Financing a pool can be a smart way to keep cash on hand, spread payments over time, and complete your entire backyard upgrade in one coordinated project. The best option depends on your goals: lowest monthly payment, lowest total interest, fastest funding, or the most flexible terms.
Want help choosing the best financing path for your pool, deck, or remodel? Contact Arrowhead Deck & Pools to schedule your free project consultation and review current financing options and promotions.
FAQs
1) Can pool financing be tax-deductible?
Potentially, but only in specific cases. The IRS generally allows a deduction for interest on home-secured debt only when the loan proceeds are used to buy, build, or substantially improve the home (and you itemize), subject to current limits and rules.
2) Is a HELOC better than a personal loan for a pool remodel?
A HELOC may offer lower rates and higher borrowing limits because it’s secured by your home, while a personal loan is unsecured and usually faster/simpler. The better choice depends on how much you need, how quickly you need it, and your comfort using home equity.
3) How much can I borrow with a home equity loan or HELOC?
Limits vary, but many lenders cap borrowing based on combined loan-to-value, often around 80–90% of the home’s value, minus what you still owe on your mortgage (subject to lender rules).
4) What should I ask about “0% financing” offers?
Ask whether it’s true 0% APR or deferred interest, how long the promotional period lasts, what fees apply, and what happens if the balance isn’t paid off before the promo ends. (Promotional terms can vary by program and approval.)
About the Author
Arrowhead Deck & Pools is a Phoenix-based team specializing in pool remodeling, decking, and outdoor upgrades built for Arizona living. We share practical guidance to help homeowners plan smarter projects and create outdoor spaces they’ll enjoy for years.
Website: https://arrowheaddeck.com/
Email: solutions@arrowheaddeck.com
Phone: +18558332525