Even when a hot tub doesn't add to your home's value, the benefits you reap from it could make getting one worth it.
There’s nothing quite like a nice long soak in warm, bubbly water after a long day, so it’s easy to see why so many homeowners dream of adding a hot tub to their backyards. Installing a hot tub is a pretty significant investment when it comes to cost, labor, and upkeep, but doing so helps you enjoy your home more and improve its resale value.
If you’re ready to splurge on a hot tub, cost is likely top of mind. How much you will spend depends on the type of hot tub you choose, as well as the materials of the hot tub.
On average, above-ground hot tubs range from $3,000 to $10,000. The cost depends on factors like size, quality, brand, features, dealer's overhead, and warranty. Premium salt water hot tubs, offering luxurious features, can cost between $6,500 and $18,000. You can expect to spend even more on in-ground hot tubs due to their installation needs — costs typically range from $8,000 to $25,000.
It's important to note that hot tub prices are negotiable. Dealers usually mark up the prices by 40% to 50%, providing room for negotiation with potential buyers.
Above-ground hot tubs come in various materials, each with its own price range and features:
The return on investment (ROI) for hot tubs can vary due to several factors, and when it comes to how much value you gain, it's important to consider both the financial and lifestyle aspects.
A well-maintained hot tub can enhance the overall appeal of your property. However, the extent to which it increases your home's value depends on factors like the tub's quality, features, and how well it integrates into your property's overall design. In areas where hot tubs are popular or expected in homes, having one might not only be an attractive feature for potential buyers, but an almost necessary one to get you the best price and increase your home's competitiveness in the market.
Before choosing a hot tub, do some research on which can lead to the biggest return on your investment. For example, energy-efficient hot tubs might be more appealing to buyers since they offer lower operational costs. Energy-efficient features, like well-insulated covers and efficient heating systems, can contribute positively to the ROI.
To learn more about what neighboring homes are like, and whether they have hot tubs, you can ask a real estate agent for a CMA.
For many homeowners, the primary ROI comes from the personal enjoyment and relaxation hot tubs provide. The intangible benefits of stress relief and improved well-being are significant, even though you can’t quantify them in monetary terms. Hot tubs also often serve as social hubs. They create spaces for family gatherings, entertaining guests, or spending quality time with friends, and this social aspect can greatly enhance your quality of life.
A handful of different factors can influence how much of a financial ROI a homeowner gets out of a hot tub, including:
Hot tubs can offer various benefits to homeowners, but they also come with their drawbacks.
Adding a hot tub to your house can be worth it if you prioritize relaxation, socializing, and overall well-being — and you’re willing to invest in the initial cost, regular maintenance, and space required. Hot tubs provide a luxurious and enjoyable experience, offering stress relief, pain alleviation, and a private space for relaxation. They can also enhance your lifestyle, promote social interaction, and even improve the aesthetics of your outdoor area. However, you should only make a decision after careful consideration of the associated expenses, ongoing maintenance, and potential safety concerns, ensuring that the benefits align with your preferences and budget.
At the end of the day, the cost of buying, installing, cleaning, and maintaining a hot tub may cancel out any boost to your home’s sale price when the time comes to put your home on the market. It’s better to focus on your personal ROI, instead of a financial one when choosing whether or not to get one.
If you decide a hot tub isn’t worth the investment, there are cheaper solutions out there.
Here are some more details about hot tubs and whether they’re worth it.
The level of maintenance required for a hot tub can vary. While they do need regular care, modern hot tubs often come with low-maintenance features and can be manageable with proper upkeep. Regular cleaning, water treatment, and occasional servicing are essential to keep a hot tub in good condition.
While it's possible to install a hot tub on your own, it's often recommended to have it professionally installed. Professional installation ensures proper electrical and plumbing connections, which are crucial for safety and functionality. DIY installation may save money, but it can be complex and risky if not done correctly.
Because this style of hot tub is much less expensive to purchase, you may get a lot more bang for your buck in the long run.
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