PROPERTYSPARK ARTICLE

Improving Your Real Estate Listings with Home Spa Features

There are all sorts of steps you can take to make real estate listings more appealing, and while things like a fresh coat of paint and a well maintained yard are obvious options, having a home spa setup available is a little leftfield, yet no less impactful.

To prove that this can make a positive contribution to the saleability of your home, hold onto your horses as we turn you from a spa skeptic into a bubble-loving believer.

Innovative Spa Features Increasing Property Value

Home spa features are skyrocketing in popularity, riding on the coattails of the broader spa services market which is already worth $147 billion and will leap to $243 billion within the next 10 years. Because of this trend, they’re a hot selling point for real estate listings – meaning your property will be worth more and will bring in a broad swath of interested parties.

Part of the reason behind this surge is that the pandemic made in-person spa visits difficult or even impossible, and so people got used to the idea of kitting out their own abodes with equivalent spa tech. And we’re really talking about impressive gear here, including value-adding options such as:

• Hot Tubs with Advanced Jets: Modern hot tubs now offer customizable jet settings and integrated lighting systems.
• Saunas with Infrared Technology: Infrared saunas provide deeper tissue heating and energy efficiency compared to traditional models.
• Steam Showers: Multi-functional steam showers come equipped with aromatherapy and sound systems for an immersive experience
• Plunge Pools: Perfect for post-sauna cooldowns, these pools enhance the luxury vibe of any property.
• Smart Spa Controls: Mobile apps control temperature, lighting, and music, offering convenience at your fingertips.

Homes featuring these high-end spa elements cater directly to today’s wellness-oriented buyers – who contribute to this wider $1.5 trillion market. It’s not really a frivolous expense in this context, but rather a smart investment that sets properties apart from the crowd.

Cost-Benefit Analysis of Adding a Home Spa

We’ve talked circuitously about the advantages home spa features can offer from a property value perspective, so now it’s time to talk turkey. Let’s break down the cost-benefit analysis to understand why they’re considered a good investment:

Costs

• Installation Expenses: Depending on the type and scale, installation can range from $5,000 for basic setups to over $30,000 for high-end systems.
• Maintenance: Regular upkeep ensures longevity but comes with ongoing costs, including monthly cleaning services and occasional repairs. If you source spare parts from a reputable hot tub parts marketplace like Easy Spa Parts, the infrequent fix-ups won’t break the bank.

Despite these expenses, the upsides often outweigh them to a major degree. You just need to calculate the ins and outs according to your specific circumstances as part of efforts to attract buyers.

Benefits

• Increased Property Value: Homes with luxurious amenities like saunas or hot tubs typically see value upticks of between 7% to 10%. One study from the UK even suggested that a hot tub will send asking prices skyrocketing by 27%, although each market has its own quirks, and this seems like an outlier.
• Buyer Appeal: Listings featuring spas attract more potential buyers who are willing to pay premium prices.
• Quicker Sales: Properties with desirable wellness features tend to spend less time on the market.

So, let’s say you’re faced with a case where adding a $15,000 spa setup increases property value by $25,000. The net gain justifies the upfront cost – and of course you get to enjoy all that modern spa tech has to offer in the interim. The same goes for any other work you plan to do, such as a kitchen remodel.

Wrapping Up

Obviously not every homeowner will want a home spa, regardless of how it impacts their property’s value. But if you’ve been eyeing one up and aren’t sure if it’s a sensible move, this should motivate you to make a decision.