Thursday, 21 September 2017

Does a Hot Tub Increase Home Value?

Written by Posted On Sunday, 28 June 2015 22:52

 

 

 

 

122801 - CopyIf you want to know how much your house will sell for in South Florida, Broward County go to Home Value or call Irene Medina.Realtor at 954-439-4851. 

Does a Hot Tub Increase Home Value?

It’s considered something of a luxury, and there’s little wonder why: Hot tubs aren’t exactly cheap. Depending on the size and other details, it may cost well over $1,500 for the tub alone. (Some outdoor, in-ground models can run $20,000.)

Then there’s electricity and other needs, not to mention installation, delivery, preparing an area for it, and anything else you desire.

But having a hot tub increases your home’s value, right? Well, maybe not. It does have certain advantages, however.

How Does a Hot Tub Affect Your Home Value?122802 - Copy

There’s no single rule for calculating how much installing a hot tub will increase the value of a given home – if it does at all. Some hot tubs may, depending on various factors.

Is it a portable hot tub? So-called “portable” hot tubs are, as a rule, considered personal property and as such offer no added value to the house and land. And what is a portable hot tub? Any hot tub displayed on a showroom floor is a portable hot tub. It can be moved and relocated even if it is heavy and requires special equipment to deliver it to your home. Contrast portable hot tubs with permanent hot tubs: A permanent hot tub sits in the ground, much like an in-ground swimming pool. The plumbing is typically built-in as well. An in-ground hot tub may increase your home value, although generally not as much as you invested in the tub.

Is the hot tub built-in? Even a “portable” hot tub may add real value to your home if it’s built-in. If removing the tub will cause extra construction to close or cover the hole in the deck, patio, wall or such, then it is considered built-in and may increase the home appraisal. Even then, the exact amount may vary.

Where do you live? The climate you live in also influences the affect a hot tub may have on property value. In northern climates, for instance, outdoor swimming pools don’t always get much use. It’s simply too cold most of the year. A hot tub, on the other hand, is a pleasant retreat in the coldest of winters – even if it is outdoors.

Residents of hot, southern climates probably won’t appreciate a hot tub in the same way. In such markets, a swimming pool will likely raise your home value more than a hot tub.

122803 - CopyCalculating Your Hot Tub’s Value

Sometimes value is difficult to calculate. For some homeowners, the cost of installation or lack of resale value is secondary to the comfort and benefits of having a hot tub.

Even when they don’t increase property value, hot tubs have another real benefit: They generate interest. Homes with hot tubs may get more inquiries when the home is up for sale.

To calculate a ballpark estimate of your hot tub’s value once installed, the best thing to do is to consult a certified home appraiser. Real estate professionals may also be of assistance. They are aware of home value trends in your area at any given time and likely know if comparable homes in your neighborhood feature hot tubs. (If they do, then not having a hot tub could actually detract from your home value.)

122804 - CopyHow to Increase the Value of Your Hot Tub

When it’s time to sell your home, of course you want it to look as nice as possible. Spruce up your hot tub to make it more appealing to potential homebuyers:

Replace old or damaged hot tub covers. Simply changing the cover can make a hot tub look more inviting.

Clean the tub thoroughly. Depending on the material, wash and shine the exterior. Wipe down the interior to remove algae, stains or other problems, and chemically treat the water or even change the water if necessary. Remove any debris in and on the hot tub before any home viewings.

Landscape around outdoor hot tubs. Present your spa area as a tempting retreat from the surrounding world. Build a fence to shelter it from neighbors, install mood lighting, plant greenery, make a brick or concrete path leading to the tub – anything that will help blend the tub into the home environment and increase appeal.

In the final analysis, if you’re struggling with the thought of spending the money on a hot tub, ask yourself how long you plan to remain in your home. If you can’t foresee selling and moving for a number of years, the actual financial return may be secondary to your enjoyment in the meantime.

Irene Medina, Realtor and The Medina Real Estate Group have vast experience in marketing of properties extensively worldwide via the internet. They sell their listings in record time and for top dollar. They have received many recommendations from their extremely satisfied customers. IreneMedina.Realtor has been a Floridian for the past 22 years and has been a Broward County resident for 21 years. Realtor Irene and The Medina Real Estate Group service, Plantation, Fort Lauderdale, Coral Springs, Parkland, Davie, Weston, Tamarac, Broward County and South Palm Beach. She has been a Silver medal winner with Keller Williams for the past 3 years. She is a Certified Residential Specialist, CRS, Certified Distressed Property Expert, CDPE, she is also a Graduate of the Realtor Institute, GRI. She also holds the following designations, SFR, CHS, TRC and is working on her Commercial RE accreditation.

Realtor Irene and The Medina Real Estate Group will “Stand by YOU Every Step of the Way!” from start to finish.

For Your FREE Home Value go to: Home Value

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If you are a buyer looking to buy a home go to www.TheMedinaRealEstateGroup.com.

 

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Irene Medina / Realtor
This email address is being protected from spambots. You need JavaScript enabled to view it. / 954-439-4851

The Medina Real Estate Group
www.TheMedinaRealEstateGroup.com

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Irene Medina, PA

Standing by YOU Every Step of the Way!"

My core values are to educate others, have fun every day, respect the environment, and treat customers like family.

My passion for EDUCATION and SUSTAINABLE LIVING are what make me stand out from the rest. I am a mentor and coach to other Realtors, a trusted real estate advisor to my customers, and I hold the National Association of Realtors Green Designation which qualifies me to educate and advise others on sustainable living issues. My relationships with green vendors and my expert knowledge on sustainable living issues enable me to help my customers achieve their green goals.

I have fifteen years of experience working as a Realtor in South Florida. I have guided my customers through rising and falling markets and I have sold all sorts of homes, from large estate homes to beachfront condominiums.

I am the founder and leader of The Medina Real Estate Group, a team of real estate agents who value honesty and transparency and have a passion for education and sustainable living. My team's primary goal is to exceed customer expectations every time by putting customers first, listening to their needs, and keeping them well-informed from contract to closing.

My team works hard, but we also have fun and we want our customers and the Realtors we mentor to have fun as well. We implement superior negotiation skills and leverage technology to guarantee that our customers will buy or sell their home quickly and for the best possible price. We are by our customers' side every step of the way, from contract to closing, and we treat our customers like family to make their transactions easy and stress-free.

Our passion for education and for the environment ensure that our customers are well-informed and receive the expert advice needed to help them achieve their sustainable living goals.

Remember that I am committed to "Standing by YOU Every Step of the Way!”

WWW.TheMedinaGroup.com

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