Hot tub or spa: which has bet­ter in­vest­ment value?

George Herald - Private Property - - Property News -

With the sum­mer months fast ap­proach­ing, many might be con­tem­plat­ing tak­ing the plunge into some warm wa­ter. Of­ten smaller and eas­ier to main­tain than a swim­ming pool, the ap­peal of a hot tub or spa is not dif­fi­cult to un­der­stand - who wouldn't want to be im­mersed in hot wa­ter while bub­bles mas­sage your trou­bles away? But, con­sid­er­ing that in­stalling one of these will set you back tens of thou­sands, you might be cu­ri­ous to know which, if any, in­crease the value of your home.

"When it comes to ad­di­tions that add value, one must con­sider what will stay and what will go with you when you move.

The gen­eral rule is that if the item is at­tached to the ex­tent that re­mov­ing it would cause dam­age to the struc­ture or land that it is at­tached to, then the item should be con­sid­ered per­ma­nent and re­main with the home af­ter a sale.

For this rea­son, built-in spas of­ten of­fer greater value to home­own­ers than free­stand­ing hot tubs do," says re­gional di­rec­tor and CEO of RE/MAX of South­ern Africa, Adrian Goslett.

To un­der­stand this, it might be help­ful to know the dif­fer­ence be­tween the two. Quite sim­ply, a spa is most com­monly used to de­scribe a hot tub which is built into the ground. A hot tub,also re­ferred to as a Jacuzzi (af­ter the brand name of a pop­u­lar hot tub man­u­fac­turer), is some­thing that is most of­ten in­stalled above ground and can be moved with you if you choose to sell.

"Home­own­ers should be very care­ful when sell­ing a home with an above-ground hot tub. Since a de­gree of in­stal­la­tion is re­quired to con­nect the hot tub, many buy­ers con­sider it as a fix­ture that will re­main with the prop­erty af­ter the sale. To avoid ar­gu­ments dur­ing the key han­dover, sell­ers should make sure that the buy­ers know that the hot tub is not in­cluded in the sale of the home," Goslett ex­plains.

How­ever, hot tubs may still be used to en­hance the value of a home if the seller chooses to do so. "It is up to the seller whether they want to take the hot tub with them to their next home or leave it on the cur­rent prop­erty. What­ever the seller de­cides, they should take care to en­sure that it is men­tioned in the pur­chase agree­ment be­fore the buyer signs the of­fer to pur­chase," he says.

Goslett re­minds home­own­ers that they will need to hire a qual­i­fied elec­tri­cian to con­nect their hot tub or spa. "If home­own­ers later choose to sell, they will re­quire an elec­tri­cal clear­ance cer­tifi­cate for the hot tub or spa. If un­able to do so, they risk fail­ing the home in­spec­tion which can de­lay the sale and in­crease the pos­si­bil­ity of it fall­ing through al­to­gether," Goslett con­cludes.

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