When many homeowners want to increase the value of their homes, they usually start with remodeling the house. Next, they look at areas outside the house where they can make some improvements to further drive the value of their properties up. A common addition to a backyard is a swimming pool or a hot tub. These are relatively easy to install and depending on how you have them installed, they can either increase, decrease, or have no impact on the value of your home. Below, we will look at how adding a hot tub can impact the value of your property plus a few things to keep in mind when deciding if you need one.
The Type Is Very Important
Usually, there are two types of hot tubs installed in homes; above-ground and in-built hot tubs. Above-ground hot tubs do not have any impact on the value of the property. This is because they are thought of as personal property. As such, it is hard for estate agents to sell them as part of the home considering that the homeowner can cart them away when they leave.
All is not lost though, because an above-ground hot tub can be made part of the property. How? By making it permanent or part of the landscape. To make it a permanent feature of your property, have it installed in a way that it cannot be removed. As for making it part of the landscape, you can add attractive shrubbery around it so that it blends better into the overall look of the property.
You could also build a deck around the above-ground hot tub, add a patio, add a gazebo or some stairs to make it easier to reach the hot tub.
In-built hot tubs do not have any of the issues mentioned above because they are obviously permanent, and it is, therefore, easier to add them to the valuation of the property.
Maintenance Is Key
Even if you have the best hot tub in the world, maintaining it is very important. People already know that it can be expensive to maintain an outdoor hot tub, and it, therefore, makes little financial sense for them to buy a property that has one that will cost them too much to keep. Some of the simple things that homeowners can do to ensure their hot tub is in top shape are to regularly change the filters, check if there are any worn components or parts, and clean it regularly.
Pick a Quality Unit
If you are installing a hot tub with the sole purpose of increasing the value of the home, you should pick a unit that will last 10 years or more. If you do not know where to find such units, talk to Oasis Leisure. They have been installing different types of hot tubs for a long time and will be able to help you pick the best unit.
Keeping Things in Check
Once you have decided that an in-ground pool is a way to go because it will increase the value of your property, you might want to have it installed. Before you do, there are a few things you should keep in mind.
1. Installation costs
The cost of having an in-ground hot tub depends on how complex the hot tub will be. That said, a few other things that can dictate how much you pay include:
- The location – Where you live will greatly impact the price of the materials required plus labor costs.
- The site – If you want the hot tub placed in a cramped space where it might be harder for workers to reach, it will cost you a bit more. Also, you need to consider the type of soil and rock underneath because these too will determine how much it will cost.
- Features – The features you want the company doing the installation to add will influence the cost of the hot tub.
- Fencing – For your privacy, you might want to add a fence around the hot tub area. The cost of the fence will depend on the material you use, the height of the fence as well as the company doing the fencing.
- The company doing the installation – Different companies will give you different quotes for the installation of a hot tub. To ensure that it does not cost you too much, remember to do some research or even visit some comparison websites to see what different companies would charge you.
2. Other costs
Some insurance companies consider an in-ground hot tub a hazard and will increase your premiums depending on how likely it is for someone to get injured.
It is also important to keep in mind that hot tubs come with some maintenance costs. These costs are dependent on the type of hot tub you have as well as where it is installed. If it is installed in a good location where there is no dust or foliage, it will be much easier to maintain. Remember those weather elements can have adverse effects on an exposed hot tub which can increase the cost of maintaining it.
Hot tubs consume electricity. This is a cost that you will have to plan for and take care of before construction and through the life of the hot tub. The good thing is that a lot of modern hot tubs are very energy efficient and you could save some money by buying one of the energy-efficient models. Just remember that they might be a bit more expensive than your typical hot tub.
Plan Everything Beforehand
Because this is an investment and you likely want to get a return on it, it is important to plan everything before getting the hot tub installed. Have the budget ready, select a good company, and choose an accessible site that will not give the company carrying out the installation any problems.
A hot tub can be a worthy investment as it can increase the value of your property. Just ensure that you get an in-ground hot tub and if not, get an above-ground one that fits in with the rest of your landscaping so it can be easier to sell to prospective buyers.