It’s a common question with a complicated answer. And as best I can tell, no one has a crystal ball. Predictions have been made continuously on when the stock market is going to crash and how low it’s going to plummet. And the truth is some of those predictions are right and some have been dead wrong.
Perhaps the better question is what are the factors that cause the price of pools to increase? What are the common denominators that have an impact, but no one really has control over them?
The cost of labor
Very simply—there is a finite workforce that is qualified to work on pools and pool construction. Like every other tangible and intangible item where the costs continue to balloon, the cost of labor is no exception. In fact, labor costs are through the roof right now.
Additionally, finding good, experienced tradesmen is becoming increasingly difficult because younger generations are more interested in technology than learning a job that requires one to use their hands. They just aren’t interested in manual labor and learning a trade. So a smaller labor pool brings increased prices to pay for good skilled, professional help.
Rather than getting discouraged by the cost, focus on the potential of the investment in the long run. It’s tough to put a price tag on the memories you can create with your family in a backyard living space. And the good news is the payout only increases with time spent together in your own private oasis.
Count on Master Touch Outdoor Living for all of your pool construction needs.
If you’re planning a new pool in Palm Beach County or Broward County, call Master Touch Outdoor Living Today!
With more than 15 years of experience in new pool construction, there’s no job too big or small for our team of licensed contractors.
