We're constructing a new home and will have (what I've budgeted) almost enough to pay cash for a new pool around the time we close on the new house.
I've been thinking about a few angles of attack and wanted to get some insight or general advice if I'm missing something. We're still not completely decided on when we'll build. Wife wants to have it ready for next summer (House expected to be done in January) but I'd like to get into the new home, get a feel for new bills/costs, buy furniture/decor/blah blah and finish the patio kitchen first.
Option A: just hold onto the Cash for the pool in savings account and put it in when ready.
Option B: Put that extra cash Down on the house and use the excess equity later for a HELOC on the pool. Already have 20% down payment earmarked. This option may also get us into a position where we're in a conventional loan situation, which could be nice.
Option C: Invest that Cash with my advisor and just take it out when we're ready to build.
I've been thinking about a few angles of attack and wanted to get some insight or general advice if I'm missing something. We're still not completely decided on when we'll build. Wife wants to have it ready for next summer (House expected to be done in January) but I'd like to get into the new home, get a feel for new bills/costs, buy furniture/decor/blah blah and finish the patio kitchen first.
Option A: just hold onto the Cash for the pool in savings account and put it in when ready.
Option B: Put that extra cash Down on the house and use the excess equity later for a HELOC on the pool. Already have 20% down payment earmarked. This option may also get us into a position where we're in a conventional loan situation, which could be nice.
Option C: Invest that Cash with my advisor and just take it out when we're ready to build.