Hot tubs - increase property value?

It's a bit like car mods: most of the things you do add no value, and a fair number decrease the value. A very few increase the value, and never more than a proportion of what you are paying for the work. The best value increase comes from an extra bedroom provided by an extension, and that will add about half the cost in value. If you are lucky and it's done well. A garage (if there wasn't one before) will add about a third of its cost. Any changes which do not increase the overall square meterage of the property fall into categories a or b: no extra value, or even value decreased. A hot tub falls here. If the OP actually planned to sell then there's a slight chance it might make a buyer more interested. But many prospective buyers would less interested. It certainly would not add value.

I assume the bank of mummy and daddy has offered the OP some money to improve the house. If it absolutely has to be a concrete thing, and it can't extend the house, then just do what the hell you want, and understand it will NOT increase the value.
 
Meridian said:
It's a bit like car mods: most of the things you do add no value, and a fair number decrease the value. A very few increase the value, and never more than a proportion of what you are paying for the work. The best value increase comes from an extra bedroom provided by an extension, and that will add about half the cost in value. If you are lucky and it's done well. A garage (if there wasn't one before) will add about a third of its cost. Any changes which do not increase the overall square meterage of the property fall into categories a or b: no extra value, or even value decreased. A hot tub falls here. If the OP actually planned to sell then there's a slight chance it might make a buyer more interested. But many prospective buyers would less interested. It certainly would not add value.

I assume the bank of mummy and daddy has offered the OP some money to improve the house. If it absolutely has to be a concrete thing, and it can't extend the house, then just do what the hell you want, and understand it will NOT increase the value.
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Something you can do without adding square footage add value.
E.g., that is the whole point of large renovation projects.

Even smaller projects can work. E.g., if the kitchen was really basic and you renovated it to be modern and upscale the house will certainly increase in value. Whether it pays for it itself is another question, and is harder to estimate. People might add a certain value to a nice kitchen, but if it greatly improves their entire viewing experience then they may be more likely to try to buy (and that could mean competition) or willing to pay higher.
Like a. Ice well maintained garden. People are unlikely to add 5k value to their personal valuation, but it might easily add 5k through indirect benefits.


I'm trying to work this put for adding an additional bathroom to our 3rd floor space. There is a very large room on the 3rd floor (2nd with British system) which technically wasn't called a bedroom because in the US I think there must be a bathroom on the same floor. The room is perfectly setup for this, it is a large rectangle with a small isolated rectangle on one end. I say small, but the space would be bigger than most master bathrooms in Europe and is similar to other master bathrooms in the US. The main room is nice and bright, and already has a walk in closet.
 
Bank of Mummy & Daddy, lol. No chance. I make more money then them combined.

Anyway, we decided to go for one of the little inflatable ones just now, and if it works out, and get the use, we will get a proper one later.

In the meantime, the funds will more likely be used for solar panels. Still may not add any value, but will reduce running cost, and so hopefully pay for the hot tub later on.

Thanks for everyones replies.
 
maccapacca said:
How on earth so you cope in hotels? Many people getting jiggy usually more jiggy than usual.
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I cope fine :p I use hot tub's in forest cabins that I stay at occasionally which, well, get soiled constantly :p

I meant it purely from a "adding value to the house" or "would you pay more for a house with a hot tub" point of view.

I'd rather fit my own hot tub :D
 
Bit of a strange caveat for someone giving you money and knowing that you're looking to move and get your LTV down. Cash on the mortgage is infinitely more useful when you clearly don't "need" anything when you're scraping the barrel thinking of things to spend it on.

How about some gold bars for a nice centre-peice? (Then sell them and put in on the mortgage).
 
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