Home improvements are quite often also looked at as investments. There’s the hope that reworking parts of the house will increase the property value if it ever comes around time to sell.
When it comes to home improvements we often get asked the question, “Does a hot tub add value to your home?” And although a hot tub will generally increase your property’s valuation there are a few things to keep in mind.
Does a Hot Tub Add Value to Your Home?
In this article we’ll go over examples of how a hot tub can affect the value of your home.
Installing a hot tub can be as simple as plopping it down anywhere there’s a stable piece of land. And although you might not care about how it looks when you’re relaxing in the tub’s warm waters, from the vantage point of a potential buyer, aesthetics will play a large role when it comes to the question of added value.
Contributing to a hot tub’s aesthetics can be as simple as making it appear part of the overall landscape. This can mean enclosing the hot tub in a matching deck, surrounding it with attractive vegetation or otherwise making the tub look like a part of the environment in which it rests.
The look you want to achieve is something that appears inviting and natural to someone who sees it for the first time.
Climate and Area
The type of climate you live in can play a role in the perceived value of your hot tub. It’s been found that hot tubs installed in colder climates appear more attractive to potential buyers than those that are found in warmer places.
Possibly because a swimming pool might be more expected in a hotter climate compared to a hot tub. It’s also been found that hot tubs are more appreciated in areas that are considered vacation destinations.
Keeping your hot tub well maintained will also play a role in how much value it adds to your property. It’s unlikely a buyer will want to spend a bunch of time and extra money on hot tub cleaning and renovations when they first move in.
If the tub already looks clean and is ready to use on move-in day, you can be assured it will add to the attractiveness of your property.
On the other hand, a dirty, malfunctioning piece of equipment could actually hurt your property value. Take the time and effort to make sure it’s clean and functioning before putting your house on the market.
Million Dollar Feel
With a quality, well landscaped hot tub in your backyard, your home can easily look like it is worth a million. The feel of luxury, relaxation and a personal backyard oasis can be incredibly attractive to buyers and make your house stand out from others on the market in your neighborhood.
The several thousand dollars that you spend on your hot tub can help increase your selling price by much more than your initial investment.
Another factor that will affect the value of your property is the type of hot tub you have. Of course, a higher quality tub will be more likely to add value compared to a cheaper model. Investing in a hot tub made of quality components will not only mean it will last longer, it’ll likely look and function better.
Scott Bland has been in the leisure industry for nearly 20 years. As a sales manager in the leisure industry he knows hot tubs inside and out. Right now he works sales while writing about hot tubs, pools and spas on his blog, www.scottbland.ca