In part one of this two-part blog series, we went over some basics on how a hot tub installation tends to work in terms of return on investment (ROI). This is a factor many homeowners are thinking about for any significant home upgrade, including the installation of a hot tub or spa.
At Dolphin Pools & Spas, we’re proud to serve as a licensed Bullfrog Spas dealer, providing these high-quality products to a variety of clients. While we know some primarily consider a hot tub as a comfort item, many others also think of it as a long-term investment – and we’re here to help with both angles. Today’s part two of our series will go over some of the other factors that will play a role in the eventual ROI of your hot tub installation, including both quantifiable factors and a couple that are a bit vaguer.
One of the key factors that will play a role in eventual ROI: How often will the hot tub be used? At least part of your standard hot tub ROI involves you getting many years of use out of the item – but if it’s installed in a vacation home or some other location where it’s barely used, it will not provide quite this same level of value.
Now, that doesn’t mean it will necessarily have negative ROI. In fact, even hot tubs that aren’t used often still do well in terms of eventual home value – their lack of use means they’re less likely to have maintenance or damage issues, which might actually be attractive to some buyers. However, for the actual purchaser of the hot tub, obtaining full value from it involves using it regularly.
Speaking of home value, it’s a vital area to consider here. And as we just noted above, a hot tub can have a great impact on home value even if it’s not used regularly.
This is because hot tubs, spas and related features are highly desirable among buyers of homes today. In fact, many of these items will actually raise your home value by more than what you paid for them in some cases, especially if they’ve gotten proper care over the years.
Finally, the toughest area to define in terms of quantifiable ROI is the home life and comfort benefits you get from a hot tub. These areas absolutely provide value – the ability to relax with the family after a long day, an entertainment hub for guests, and more. But placing a number on this value is next to impossible, and this area really comes down to how much you personally prioritize this theme.
For more on the factors that play a role in determining the ROI of a hot tub installation, or to learn about any of our new hot tubs, swimming pools or other services, speak to the staff at Dolphin Pools & Spas today.