(here are five ways a hot tub could be a financial asset)
Potential renter/client/buyer’s perspective: Before hot tub and After hot tub (in backyard)
A home with a hot tub tends to sell or rent for more, not just due to the retail value of the item, but because it serves as a suggested lifestyle. It stirs up the imagination of potential buyers/renters of what it would be like to live there and it increases the prestige of a place – it’s a classy thing to have.
We’ve often been told by Airbnb owners that they get significantly more bookings and they can charge more for a place with a hot tub, even if half the time the guests don’t even get around to using it. From a guest perspective, just the thought of being able to use a hot tub gives the place more appeal.
If you’re suffering from one of the medical issues mentioned in “1C: Health Benefits”, there’s also a chance that your doctor may prescribe a hot tub. Some insurance companies have been known to cover the cost.
If insurance won’t cover the actual acquisition cost, at least you might be able to deduct the expenses on your taxes.
Hot tubs are often referred to as “spas”, because they offer similar benefits to going to the spa. Perhaps having a hot tub on site may reduce the frequency of going to the day spa or public pool, saving you the costs associated with doing so.
So, a hot tub can actually turn out to be a sound financial investment as well as offer all these other benefits!