Can a Hot Tub Add Value to Your Home?
In today’s market, setting your home apart from the rest of the homes in the area is a positive thing. How you set it apart is something completely different. Generally, when people think about selling or upgrading their home they start on the inside. They will buy sinks or lighting fixtures, redo the floors, or remodel the kitchen. While these things are great and can add value to your life and your resale value they are superficial and something that can, and likely will be, changed by the next homeowner. Another idea often kicked around is if they should add a pool and/or hot tub to the backyard. The answer is not a simple yes or no. Sadly the answer is, it depends. Under the right circumstances, you can change that maybe into a definitely.
Times It Adds to the Value
According to recent studies, home improvement project cost between 25 and 30 cents on the dollar. This means that the other 70 to 75 cents of the project is increased value on the home at the time of selling. The most important thing to remember is to make calculated improvements that yield a higher return on investment. Meaning spending a thousand dollars to upgrade your cabinets might not be the best choice when it comes to adding value to your home. Let’s say you have made the decision to add a spa to your home. Whether you have a built-in or in-ground spa makes a difference and it will make the difference in how much more your home is worth. At Coast Spas we deal with built-in spas. That is to say, our spas are portable to a point. It is not tied to the homes water supply and there is no extensive construction that really has to be done. A way to combat that is by landscaping and tying the spa into the yard. It will take some deck building and/or a landscaper to achieve, but it will also add to the value of your home. The reason being, it makes it look like a more permanent fixture and would require a new owner a lot of money to remove it – significantly more money than it would cost to put it in. In addition, you have upgraded your backyard with a beautiful landscape and potential buyers can see this as a place they want to live and enjoy a dip in the spa.
Times It Detracts from the Value
As we said above, the added value becomes slightly more unstable with a portable spa. We did, however, provide you with ways to counteract those detractions. Another way that they can detract from adding value is by having a poorly maintained hot tub. This is not unique to the hot tub, quite often people will take the overall look of the home into account when considering buying it. So, a poorly maintained spa is just as unattractive as having worn floors, cracked tiles, or stained sinks. In addition, it has to fit with the neighbourhood. Much like you would not put five-thousand-dollar rims on an old Pinto or new chandeliers in a haunted house, you don’t put a spa in a neighbourhood that doesn’t find the appeal of the spa. It must be something that potential buyers are wanting in the homes they are purchasing in the neighbourhood. That being said, it is best to talk to a real estate agent prior to installing a spa. They will know if buyers looking in the area are seeking to have spas and you can make your decision based on their expert knowledge. Should you find that spas are a desired commodity in your market, make sure you install the best possible model you can afford. Needless to say, buying the cheapest model to add value to your home may not be the best investment as it will likely fail in a few years. Much the same a cooking, you want to find a dealer that serves up the best quality materials and manufacturing techniques. Reviews Coast Spas can be an excellent source of information on our materials and manufacturing techniques.
Ways to Maximize Your Hot Tub’s Value
Now that you know what works and doesn’t work, you are equipped with the knowledge to purchase a hot tub. But, as they say, knowing is half the battle. Now you need to have tips on how to maintain your spa throughout the year including winterizing your hot tub. Remember, as we said, the easiest way to ruin your investment is by not taking care of it properly. In addition to a proper maintenance regimen, it is important to have the spa properly placed. For this, you will need to contact a landscaper and your local Coast Spas dealer to pick the perfect location. This will provide you with the confidence you need to install your spa and add value to your property. At the very least, you want your property to have the visual appeal for potential buyers and/or yourself. Last, but certainly not least, you want to make sure that you select a model that will last at least ten years under proper maintenance. Buying a cheaper model, as we discussed earlier, will not necessarily add value to your home as it will need to be replaced. Realtors know what good brands and models are and can and will advise their clients of its worth. You want to have a spa that you can be proud of that will not only serve you for a few years but the next occupants of the house. Just remember, when it comes time to sell that you replace anything on the spa that does not look to be in great shape. This may mean having to spend a few more dollars when selling, but it will pay off when it comes to bids on your house. Welcome to the wonderful world of spa ownership. We hope that you find it just as relaxing as the millions of other people that own spas around the world.