If you are considering buying a hot tub, you probably have a lot of questions about everything from price and features to maintenance and value. When it comes to the latter, you may wonder about the lasting value of a hot tub. If you are looking for the answer to the question, “Do hot tubs hold their value?”, this article will address it as well as other important questions relating to hot tub value.
As you read on, you will find out whether hot tubs hold their value. You will also learn about hot tub resale value and how to resell your hot tub. Finally, this article will educate you about some added value that your hot tub can provide you with over the many years that you own it.
Do hot tubs hold their value?
An easy analogy regarding your investment in a hot tub can be related to the purchase of a car. You may have heard that a brand-new car loses its value the moment you drive it off the lot. This statement is in direct correlation to cash value, but it’s important to view other valuable aspects that the car provides.
For example, you need a car for transportation to your job, to get to important appointments, and to run necessary errands such as getting groceries. Your car can also provide you with endless memories as you travel to places you like to go or experience new places via a road trip.
When you consider the importance of these things and how they can actually improve your life, your perspective of value may change. While you may not be able to resell your new car for as much as, or even more than, you paid for it a few years from now, without it, you also wouldn’t have gained the precious memories it could have provided.
You can look at the purchase of a hot tub in a similar way. If you purchase a brand new hot tub, you likely will not be able to sell it in five or 10 years for as much, or more, as you paid for it. This is due to many reasons. After some time and use, your hot tub will naturally have some wear and tear. Over the years, for example, it may not work as efficiently in comparison to a brand-new hot tub with the latest advancements in technology. It may even need some replacement parts. You may not be able to get the same value from your hot tub in a few years for factors not even related to your hot tub, such as inflation.
If you are specifically seeking a hot tub for return on investment, you may be able to trade in a fairly new hot tub to a hot tub dealership for full purchase price value if you purchase a higher-end hot tub from them. Generally, this will have to take place within the first year of your hot tub ownership. If you have an older hot tub, you may still be able to receive trade-in value, depending on the brand, model, and hot tub dealer.
For example, you may have noticed that many reputable hot tub dealers sell certified used hot tubs. These models are used and refurbished to like-new condition. Before being put back up for sale at a spa dealership, they have gone through a rigorous testing and inspection process to ensure it is in excellent condition for resale. This is a great indicator of the value of hot tubs—with the right care, refurbishment, and testing, a used model can truly become like new again.
If you plan to purchase a used hot tub, it is highly recommended to go through an authorized dealer to ensure the hot tub truly has been tested and approved for resale. You may even be able to get a warranty on your certified pre-owned hot tub, depending on the brand, model, and dealership. This can offer you peace of mind that your hot tub, though pre-owned, still holds excellent value and will provide you with years of high-quality hydrotherapy.
How can I find out my hot tub’s resale value?
Hot tub resale value can vary. There is not an official, credible guide, such as Kelley Blue Book for automobiles, that will give you a hard number value for your hot tub. You may be able to find some information about hot tub value or depreciation through extensive research, but each hot tub resale instance will be different based on whether you trade it in at a hot tub dealer or if you sell it yourself as well as factors such as brand, model, age, wear and tear, and more.
Some common information states hot tub resale values range between 25% and 33% of the original price. If you plan to sell your hot tub down the line, properly caring for and maintaining it to preserve its life is essential. Protecting it from the elements and weather, as well as keeping it clean can also help ensure you’ll be able to get a fair resale price. It’s also a good idea to keep a record of any repairs or parts replacements that were done, as well as receipts for supplies, accessories, and routine maintenance. These documents may prove helpful when selling your hot tub for the maximum resale value.
How can I resell my hot tub?
As mentioned above, you can regain some of your hot tub’s value if you trade it in or sell it to a third party or individual. If you want to sell your hot tub to upgrade to a newer, larger, or more luxurious model, you may want to speak with a professional hot tub dealer. They will be able to inform you of their trade-in policies specific to your model and advise you as to the value of your current hot tub. They can also show you the latest and greatest hot tub models that you can upgrade to upon your trade-in.
Another option is selling your hot tub through sites such as Facebook Marketplace, Craigslist, or other digital classified advertisement and commerce sources. If you opt for this route, you may be to able make an exchange of goods, or sell your hot tub for cash if you own it outright. Maintaining meticulous documentation of your hot tub can help you get the most value from the sale, as most buyers feel more comfortable purchasing a product that they are confident doesn’t have any hidden issues or problems.
If possible ensure the hot tub is in good working condition, with the ability to turn it on when it is filled with water and functioning. This can offer potential buyers assurance that the hot tub operates properly. If the hot tub has been very well cared for and has little wear and tear, you may be able to
What is the value of a hot tub?
While you may not get the exact cash return on investment of your hot tub if you sell it in a few years, there are certainly many other ways in which your hot tub will bring value to, and improve, your life.
Here are some valuable aspects of hot tub ownership:
Relaxation, stress, and even pain relief — While you can imagine there are few things more soothing than soaking in warm bubbling water as you receive jetted massage on the areas of your body where you need it the most, there are proven relaxation benefits of hydrotherapy. The Mayo Clinic touts hydrotherapy as a relaxation technique that can help you relieve and lower stress, as well as help you “enjoy a better quality of life.”
Release of physical and mental tension — Jacuzzi® Hot Tub owners report feeling a weight off their shoulders when they enjoy their hydromassage sessions. Taking time to allow your body and mind to unwind can be an invaluable benefit of hot tub ownership.
Bonding and social time with family, friends, and loved ones — Your hot tub can provide you with more than just physical and mental release. It can be a place of quiet refuge, and also a place of connectivity and entertainment. When you disconnect from the distractions of life and taking some time out in your hot tub with family, friends, and loved ones, you may find that you are able to reconnect and create new bonds with those you care about most. It’s hard to put a price on that.
While the question, “Do hot tubs hold their value?” doesn’t have a definitive answer, there is no doubt that hot tubs bring value to their owners. And, in fact, there are many benefits of hot tub ownership that are rather priceless.
When you are ready to enjoy the endless benefits and life improvements of a hot tub, visit your local Jacuzzi® Hot Tub dealer. They can assist you in finding the best hot tub for your needs that can add value, relaxation, comfort, and hydrotherapy happiness to your life for many years.
Affiliations: Jacuzzi® is a registered trademark of Jacuzzi Group. All rights reserved.
Medical disclaimer: This information is not intended to prescribe a particular diagnosis or course of action. We are not medical professionals. Please contact your GP or other medical professional for advice if you have any concerns about your current health or well-being.