If you’re considering purchasing a spa, you may be wondering what kind of financial commitment you’re in for. Spas can vary massively in price. While it’s nice to imagine luxuriating in your very own spa, it’s important to do your research before committing.
Why do prices vary so much?
All spas are different. Prices are going to vary depending on how and where the spa was made, as well as the size of the spa and what features it comes with. What materials is it made from? How long is it going to last? What kind of warranty does it come with?
Cheap parts mean a cheaper spa that isn’t going to last as long or work as well. Certain features, including a circulation pump, a solid cover, insulation and a sanitising system, mean more money but less cost on repairs, maintenance or replacing down the track.
If you’re in the market for a swim spa rather than a small hot-tub style spa, you’ll be paying more for the size and weight. A single person spa may be around $5000 for the spa itself, not including the costs of installation. A swim spa may be approximately between $20,000 and $30,000. Many spas come without additional parts such as ozone or UV systems, heaters, filters, and plumbing parts, which need to be purchased separately.
It is always good to look into the manufacturer. When you’re spending so much money, you want to make sure it’s going to someone you can trust. Look for a reputable retailer with good reviews, contact details readily available, and one who has been operating for quite some time. These businesses will charge more for spas, but they will last decades and have good warranties, and it will be easy to find replacement parts.
How much does it cost to install a spa?
Installing an in-ground spa can be as costly as the spa itself, but in general, you might be looking at around $1500 per linear metre. A budget of at least $5000 is ideal for a small spa, while a swim spa may cost around $30,000 to install. An above ground spa will save you the cost of excavation but are still costly, averaging between $2000 to $18,000.
How much does it cost to run?
Running costs will, once again, depend heavily on your spa. The price you pay upfront for a quality spa will reduce the running costs. Some spas may cost $3-5 per day, and the cost will rise for those in a cold climate. A spa with cost-saving features like a circulation pump and good insulation can run for as little as around 40 cents a day, and a swim spa can be around $40 a month in summer, with this cost roughly doubling over winter. Most of the cost of running a spa is related to using electricity to heat the water, so a thicker layer of insulation will keep that heat in.
Is a spa a good investment?
It is undeniable that a spa is a luxury that can make you feel rich. And it is certainly an investment in your happiness. There is nothing like relaxing in your own spa, especially if you enhance your spa experience with a drink or snack and a television playing your favourite show or movie. A spa has countless physical and social perks, and is a surefire way to make your house the place where all your friends want to hang out.
But is a spa a good financial investment? Built-in spas that connect directly to your homes water systems can increase resale value slightly. Spas can be a pro or a con for your buyer, depending on what they like. Some people are turned off by the increased energy and water bills plus the time spent on maintenance that comes with owning your own spa. Others may avoid buying a home with a spa due to safety concerns with young children. But some buyers may be impressed by the prestigious addition of your very own spa. Pools increase value to your home, and a spa is a great alternative if you don’t have room for a pool.
