To build or not to build a Babcock pool, that is the question…
Would legendary playwright William Shakespeare go about Babcock Ranch pool construction if moving here from London?
The better question is would you — not some dude that’s been dead for some 400 years — construct a new pool if moving to the first solar-powered town in the United States?
Really, it’s a matter of finance. Can you afford it?
The Numbers
The cost of pool construction in Babcock Ranch has skyrocketed recently, with basic pools starting at around $80,000 and more luxurious options ranging upwards from $150,000 to $250,000.
Pools have gotten so expensive here because of increased hunger for Florida homes since the pandemic as well as lingering supply chain issues.
Let’s explore the first reason and then discuss the factors that might weigh in your decision to build a new pool in “the Bubble.”
Exorbitant Pool Price Reason #1: Post-Pandemic Demand
Florida has experienced significant population growth in recent years, further fueling the housing market. According to the U.S. Census Bureau, Florida was the second-fastest-growing state in the U.S. between 2010 and 2020, with a population increase of 14.6%. This population growth has led to increased significant demand for new housing.
From talking with prospects, most people moving here from out-of-state want a pool, causing demand to exceed supply and thus raising prices. The pandemic further increased demand for Florida homes and pools.
Since 2020, as companies shifted to remote work arrangements, many employees realized they could work from anywhere. This flexibility allowed them to relocate to more choice locations like Florida, which offers warm weather and a lower cost of living.
Before The Fed started spiking rates, mortgage rates were historically low, making homeownership more affordable for many people. These low rates encouraged both first-time homebuyers and those looking to move or invest in real estate to buy homes in Florida.
Florida is a tax-friendly environment with no state income tax and relatively lower property taxes compared to other states. This has attracted individuals and businesses looking to save on taxes, especially those from high-tax states like New York, New Jersey and California.
Florida’s warm climate, beautiful beaches and outdoor recreational activities have long attracted people seeking a better quality of life than the freezing hell that is scraping ice off a car windshield during the winter.
The pandemic has only intensified this population migration, as many people seek to escape crowded urban areas for more space and a healthier environment.
Exorbitant Pool Price Reason #2: Supply Chain Issues
COVID made getting materials that go into pools harder. Supply chain issues were only exacerbated by Hurricane Ian which devastated Southwest Florida in 2022.
Take pool cages as an example. Our Principal John Garuti III is building a pool and his cage supplier told him how difficult it is to find labor with all the demand and higher cost of living in the state since the pandemic.
To find labor, this supplier is offering double time on weekends. Some of his workers are making over $100k a year, and the owner is still having difficulty finding people.
Aside from labor, scarce materials like the concrete for the deck installation and finishes like gunite and tile all contribute to the overall cost.
While the investment in a pool can enhance your home’s value, it’s not a 1:1 value. John Garuti III estimates that for two identical Babcock models up for resale, the one with the pool will command about $50k more.
If you’re a soon-to-be Babcock Ranch resident and all about a hole in the ground with water, tap HERE to find a reliable and experienced pool construction provider.
What Babcock Builders Offer Pools?
Presently, Pulte, William Ryan and Toll Brothers are builders providing pool construction in Babcock Ranch.
Basic vs. Luxurious Pools in The Ranch?
So you want to build a pool? What does your money buy?
Are we talking about a glorified Kayak pool or something that could make the cover of Architectural Digest?
Basic pools typically have a rectangular shape, a smaller deck, pavers and standard features like steps and railings.
Luxurious pools, on the other hand, include water features, high-quality tiles, sun shelves, upgraded lights and automation systems. Additionally, decking materials like travertine or natural stone in deluxe pools are more high-end and costly.
Builder vs. Private Contractor?
When it comes to Babcock pool construction, you can choose a builder or a private contractor to do custom pool construction.
If you opt for a builder, the pool construction will be completed simultaneously with your home, and the cost can be included in your mortgage. However, builders often have significant markups on pool prices and offer less customization.
Private contractors provide more customization and better value for your money. The downside is that you have to wait until your home’s closing to start the pool construction. This can take up to a year or longer.
Furthermore, you cannot include the pool cost in your mortgage.
Need a good pool option for your dream Babcock home? Get more information HERE.
Three Tips for Babcock Ranch Pool Construction
- Understand the pros and cons of going with a builder vs. a private contractor.
- Consider your personal financial situation and ability to qualify for additional financing or access to cash for pool construction.
- Take your lifestyle and pool usage into account when making your decision.
“I am sick when I do look on thee”
Do you feel like Demetrius in Shakespeare’s A Midsummer Night’s Dream when considering pool construction in The Ranch?
Jokes aside, building a pool here is a significant investment that requires careful consideration of your budget, lifestyle and the type of pool that best suits your family.
By understanding the differences between basic and luxurious pools as well as the pros and cons of working with a builder or private contractor, you’ll be better prepared to create your perfect Babock backyard oasis.
If you would like help navigating the process and discussing your options, tap HERE or HERE.
