My Pool Loan Turned Into a Backyard Money Pit

Ever thought about using your home’s value to fund a dream pool? Here’s a cautionary tale: one homeowner took out a HELOC to build a pool, but the contractor went bust, leaving just a giant hole. Now, they’re stuck paying for a backyard crater. If you’re ever in this spot, keep paying your loan, document everything, and talk to your lender ASAP. Sometimes, cutting your losses (and filling the hole) is the smartest move. Don’t let a dream project sink your finances! #RealEstate #HomeImprovement #MoneyMatters

5 days ago

Realityck

Pools are notorious money pits.

Marietta, GA

Reply(3)

Wayne Spiler

Pools can be nice if you have children but that’s about all. You will rarely get more than 50 percent if your money back. It’s not an investment and maintenance will run several hundred a month.

Reply(1)

Matthew Hannan

taking out a HELOC loan to build a pool, makes you less responsible than a teenager like wtf

Clinton Township, MI

Gordon Hamilton

They always do,didn't the salesperson warn you about it

Princeton, TX

Johnna S. Barlow-Jackson

Oh she's got a fight ahead of her. Maybe should have done a better investigation into the builder....that's like saying a business gives a " lifetime warranty" but have only been in business a few years. Good luck😆

Madera, CA

John Kennedy

Well, she won’t have to worry about filling up with water. She can just cry into that hole and it will fill up.

Anderson, SC