Realtors debate the correlation between hot tubs and property values. This troubles some homeowners because the cost of a mid-range spa falls between $5,000 and $8,000. Thankfully, unlike swimming pools, spas can appreciate the value of a home. Or at least enough to offset the upfront investment!
Swimming pools detract value for many reasons. Loss of yard, cost of maintenance, and the potential threat to children push against the value. But hot tubs do not come with the same concerns. Their lockable lids and small square footage make them a safer investment. Instead, their value rests up installation and condition.
Entry-level hot tubs are often portable. They are easy to move and come with fewer amenities. Portable hot tubs add no value, as prospect buyers assume the current homeowners will keep them. In the least, they become an optional addition to the home—a poor bargaining chip.
However, built-in hot tubs are a luxury and can increase value on the right market. On the wrong market, the value will hinge on the cost of removal. While some people cherish their spas, others may envision a different backyard retreat. Therefore, the cost to de-install must lean against the potential positive value.
Understandably, a worn or damaged hot tub is less appealing than a brand new one. Homeowners looking to increase value might want to refurbish the exterior and rework the area around it. The cleanliness of the interior, too, plays a major role. While hot tubs can be cleaned, a prospect may find the idea unhygienic if improperly kept.
The landscape around the spa influences its effect. Those installed into decks, surrounded by a green haven are captivating. A single spa out in the middle of the yard fails to impress in much the same way. Consider the environment when assessing the condition of a spa.
In-ground pools suit warmer climates. After all, something of that size and cost should be useable for most of the year. Hot tubs, on the other hand, cater to a broader climate. Hot destinations tend to cool at night, while chilly ones need a warm escape. The market demand for hot tub properties will dictate the value it brings.