Do hot tubs add value to your home? Are they 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.

How much does a hot tub cost?

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:

• Inflatable: Inflatable hot tubs are the most affordable option, ranging from $400 to $1,500. They are portable and easy to move, but they are not very durable and typically only last up to five years. 
• Rotomolded plastic hot tubs: Priced between $2,000 and $6,000, rotomolded plastic hot tubs are lightweight and portable, but they have fewer jets and insulation, leading to higher monthly electricity costs. 
• Wooden hot tubs: These  are deep with straight seats and benches and cost between $3,000 and $10,000. They can last up to 30 years but require more maintenance — and a specific base. 
• Vinyl-lined hot tubs: Costs for this style of hot tub range from $4,000 to $12,000 and use a vinyl liner to cover cement or wooden tubs, but they are not very durable and fade over time. 
• Acrylic and fiberglass hot tubs: These materials are the most common and offer a smooth, well-insulated, and energy-efficient option. They are durable, come in various designs, and use a 220V outlet, consuming less energy compared to other types of hot tubs. Their prices range from $4,000 to $18,000.

Does a hot tub increase home value?

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.

Financial ROI

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.

Lifestyle ROI

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.

Factors that affect your hot tub’s value

A handful of different factors can influence how much of a financial ROI a homeowner gets out of a hot tub, including:

• Quality and features: High-quality hot tubs with advanced features, such as powerful jets, LED lighting, and smart controls, tend to add more value. Buyers are willing to pay a premium for modern, feature-rich hot tubs.
• Aesthetics and integration: Aesthetically pleasing hot tubs that seamlessly blend with the landscape and architecture of your home add more value. Professional installation and landscaping around the hot tub can enhance its appeal.
• Maintenance and condition: A well-maintained hot tub in good working condition is more likely to add value. Regular maintenance, water cleanliness, and proper functioning equipment are crucial.
• Local climate: In colder climates, hot tubs may be more valuable because owners can use them year-round. In warmer climates, they might be more of a luxury item.
• Legal and safety considerations: Ensuring that the hot tub complies with local regulations and safety standards is essential. A properly permitted and safe installation adds value.

Pros and cons of hot tubs

Hot tubs can offer various benefits to homeowners, but they also come with their drawbacks. 

Pros

• Relaxation: Hot tubs provide a soothing environment that helps in relaxation, reducing stress, and promoting overall well-being.
• Pain relief: Warm water and massage jets can alleviate muscle and joint pain, making hot tubs popular for therapeutic purposes.
• Improved sleep: The relaxing effects of soaking in a hot tub can contribute to better sleep, especially if used before bedtime.
• Year-round use: In many climates, you can use hot tubs throughout the year, providing an outdoor relaxation option even in colder weather.

Cons

• Cost: Hot tubs can be expensive to purchase, install, and maintain. Initial costs include the price of the tub, installation, electrical work, and ongoing operational expenses.
• Maintenance: Hot tubs require regular maintenance to ensure water quality, cleanliness, and proper functioning of components. This maintenance can be time-consuming and may involve additional costs.
• Health risks: Improperly maintained hot tubs can pose health risks, including the growth of bacteria and other pathogens. Regular cleaning and chemical balancing are crucial to prevent these issues.
• Energy consumption: Hot tubs consume electricity to heat the water and operate jets. This can lead to higher energy bills, especially if you use the hot tub frequently.
• Space requirements: Hot tubs require a dedicated space, which might not be feasible for smaller outdoor areas. Additionally, the installation process might involve significant changes to your landscaping.
• Safety concerns: There is a risk of drowning, especially for unsupervised children. Slippery surfaces around the hot tub can also lead to accidents and injuries.
• Environmental impact: Hot tubs can contribute to water wastage, especially during draining and refilling cycles. Additionally, the chemicals used for water treatment can have environmental implications if not handled responsibly.

Should you get a hot tub?

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. 

FAQs

Here are some more details about hot tubs and whether they’re worth it.

Q: Are hot tubs high maintenance?

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.

Q: Can you install a hot tub on your own?

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.

Q: Are inflatable hot tubs worth it? 

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.