If you are a homeowner, a hot tub owner, or are looking to become one or both, you may want to know if having a hot tub increases the value of a home. The answer to this question will depend on what type of hot tub you are referring to.
This article will answer the question, “Does a hot tub increase home value?” It will explore this topic and also address other ways that a hot tub can increase the enjoyment in your life. As you read this article, you will learn about the many ways that a hot tub can benefit and improve your life.
Does a hot tub increase home value?
The short answer to this question is that it depends on what type of hot tub you are referring to. In-ground hot tubs, when adjacent to in-ground swimming pools, tend to have added value.
However, above-ground hot tubs (also referred to as portable or freestanding hot tubs) typically aren’t factored into the overall value of the home. This is because they are considered personal or private property.
Therefore, the seller could choose to bring their hot tub with them when they move. On the other hand, if the buyer wants the hot tub to remain, they can ask for it to be called out in the purchase contract.
Be advised, however, that a non-functioning built-in hot tub could negatively impact a home’s appraisal value. A non-functioning above-ground hot tub could also deter a potential buyer, as they may view it as an added expense to have it repaired or removed from the home.
If you are planning on selling your home and cannot take your hot tub with you, you may be able to sell it. However, Forbes reports that “the average resale value is about 25% to 33% of the original value. If the hot tub isn’t functional, you may have to spend money to get it hauled away and disposed of properly.”
Can a hot tub help or hinder the sale of your home?
A beautiful, bubbling hot tub in the center of your backyard spa sanctuary can be a stunning way to enhance the beauty of your backyard. From a marketing standpoint, your hot tub can be seen as a luxurious aspect of your home that could entice the right buyer. If you plan to sell your home and cannot take your hot tub with you, preparing the area to look as attractive as possible can become a selling point.