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Yes, Ipe wood is a popular high-end choice for pool decking. It repels water and is naturally slip-resistant. It's not susceptible to mold, mildew, or rot, either, so it lasts longer and is cleaner and more hygienic than other popular decking materials. However, remember that due to its status, it is a very high-cost wood, and you might find that an alternative would serve you just as well for significantly less.

The cost to build a deck around a pool typically ranges from $3,000 to $12,000, depending on the size, material, and whether you tackle the build yourself. Most people pay an average of $5,000 for their pool deck project. Hiring a pro to build a pool will cost you more for labor, but it will be worth it to ensure a safe and secure installation.

A covered deck can be a good investment that increases your home value—especially if you live in a hot region with a lot of sun. A covering over the deck means you can get more use out of it, even on the hottest summer days. With a permanent deck covering, you can even add ceiling fans to help cool down your deck for added comfort.

Typically, most residential wooden decks are designed to support approximately 40 pounds per square foot, including the deck’s weight and any items placed on it. While this is fine for typical use, it is usually not enough to hold the weight of a hot tub filled with water and people. To safely support a hot tub, your wood deck will likely require reinforcement. Therefore, it’s best to have a contractor or a structural engineer assess it before hot tub installation.