If you’re spending thousands of dollars on a high-end hot tub, you’ll want to know if it will increase the value of your home.
The inclusion of a hot tub on your property may not increase the value of your home at all, and if it does, it won’t be a considerable boost. A hot tub can be seen as personal property, and while it may come as an added bonus for a potential buyer, it doesn’t necessarily add any real financial value.
Read on to learn more about hot tubs, the value and benefits they present, and the implications that may arise when you sell your property, hot tub included.
One Man’s Treasure May Be Another Man’s Trash
When it comes to making your home more luxurious, there are few things as quick and easy as a hot tub. If you’ve got the upfront capital and the space available, you can have a hot tub installed on your property in a matter of days – or even hours.
It’s a diverse and far-reaching spectrum, with the most affordable hot tubs starting at just a few hundred dollars. Of course, these aren’t the technologically advanced hot tubs you might expect – in fact, they’re little more than inflatable structures that you simply fill with water.
At the opposite end of the spectrum sits the gargantuan, highly-advanced constructs that will easily run up a bill of fifty thousand dollars. They’re more swimming pools than hot tubs, and they’ll come equipped with more jets than the U.S. Air Force.
Thankfully, your investment isn’t entirely a frivolous one, as the benefits of a hot tub are substantially tangible. For example, when configured correctly, a hot tub can boost circulation, improve your skin, and even reduce stress.
And let’s be honest, they make for a fantastic addition to any summertime pool party, right?
However, if you’re looking to make a solid investment with the goal of ensuring a return on said investment, you might be left out in the cold when purchasing a hot tub. There’s no real guarantee that a hot tub will increase the value of your property, and in some cases, it can actually put buyers off.
Let’s play with a scenario – there’s a small family that wants to buy your home, and they’re very impressed with the overall layout and presentation of it. Then, they wander into the garden, and what do they see but an expansive and luxurious hot tub.
At this point, you’re beaming from ear to ear, so proud of your multi-thousand dollar installation, but the buyers suddenly balk. How on Earth could they possibly have a hot tub, complete with an array of chemicals and concerns, around their young children?
Say goodbye to that potential buyer.
It’s A Slippery Slope
If you’ve poured money and resources into the construction of an enormous and super-advanced hot tub-cum-swimming pool design, then it’s a different story. While it might not boost the property value too much, it certainly won’t hurt the sale.
As we’ve already said, there’s a diverse spectrum where hot tubs are concerned. No, that five hundred dollar inflatable hot tub that you purchased from Target on Black Friday won’t boost the value of your home at all, so don’t even mention it.
But, that fully-fledged, expertly-constructed spa system – now that might sweeten the deal a little. Although it won’t necessarily boost the monetary value of your home, it could help persuade the buyer that your property is well worth buying, as it is just another added extra.
Ultimately, if it’s a permanent installation, it’ll fare much better than a temporary, or a poorly-constructed example. Also, the buyer has to want the hot tub in the first place, otherwise it’s a potential eyesore that they’ll need to either dismantle or reluctantly maintain once they own the property.
This is an important factor – it will only increase the value of your property if it is a permanent installation. If the potential buyers are touring your home and they spot a hot tub that can be removed, they’re almost certainly going to dismiss it entirely, assuming that when you move, the hot tub will move too.
So, there it is – don’t go spending tens of thousands of dollars on a hot tub if you’re holding out the hope that you’ll get that investment returned to you when you’re moving home. You’ll be sorely disappointed, and you’ll no longer have a hot tub to ease that pain.