Many individuals wonder if making the investment in a hot tub will be something that will increase the value of their home when they try to sell it. Well there are a variety of reasons why you might see this as an investment or as a home improvement. It may cost as much to buy a luxury hot tub as remodeling a kitchen. So the question is if there are competing interests for home improvement what do you choose, especially if you will be borrowing on a home improvement loan. It does improve your house in style and function like a new kitchen, but it has its own facets.
There is no hard and fast rule in real estate that indicates that there is an advantage beyond what you have spent on the hot tub at the time of sale. You can generally anticipate depreciation of the hot tub over time, but given standard depreciation you should be able to recoup the money that was spent. When you make the decision to buy a hot tub it should be for what you will use it for, not something that will necessarily make your house worth more.
While swimming pools generally lower the values of homes, hot tubs do not. There are insurance issues, child safety issues, and maintenance issues involved with a swimming pool. These generally are not the case with hot tubs. Hot tubs do add curb appeal to your home. Curb appeal is the desire to pay more for a home because you are attracted to it rather than on an appraisal or based on realty statistics. Because of the improved curb appeal, although you may not be able to sell your home for more, you may be able to sell it faster.
There are regions of the USA where it is more common to use a hot tub. Usually in the hot south there is less of a demand than there is in, say, the Pacific Northwest. It seems people like to sit in a warm hot tub on a cool day. You should check into these trends before you purchase a hot tub as an investment. This may be determinate to the curb appeal added by the hot tub. Hot tubs are many times used for entertainment, and if that is your concern think about when and with who you will use it.
Luxury hot tubs will provide more curb appeal, and hold their value for longer. On key aspect of the hot tub is it’s enclosure, also known as, its cabinet. Soft woods like pine or redwood deteriorate quickly. Oak cabinets require a lot of maintenance. An exotic wood like teak is perfect for the long haul. With options like mood lighting, waterfalls, fountains, and a great number of jets you see what will inspire the new owner to want to have your house. For the same cost of improving a kitchen you can have something else you can enjoy every day.[I:http://www.naturmeds.info/wp-content/uploads/2011/01/BruceColdwell4.jpg]
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