Why Hot Tubs Are a Great Investment for Short-Term Rentals
Guest Attraction
A hot tub can significantly increase the appeal of your short-term rental property. Guests often seek vacation rentals with added amenities, and a hot tub can provide an enjoyable and relaxing experience for them. Particularly during winter or in locations where outdoor activities are popular, a hot tub can be a deciding factor for potential renters choosing between properties. In fact, many renters may prefer a home with a hot tub over one without.
Increased Revenue
Investing in a hot tub for your short-term rental can lead to increased revenue in several ways. Firstly, you can charge a higher rent for a property with a hot tub, as it is considered a luxury amenity. This can result in a better overall profit for your property’s rental income. Secondly, having a hot tub can make your rental stand out from the competition, increasing its occupancy rate.
In Ulster County, there are currently 1027 active Airbnb listings with 2-6 bedrooms. These listings generate an average annual revenue of $46,888 with a 37% occupancy rate. However, there is a subset of 192 listings that have hot tubs, and these listings generate an average annual revenue of $72,014 with an average occupancy rate of 41%.
This data clearly shows that having a hot tub can significantly increase revenue and occupancy rates for Airbnb hosts in Ulster County. In fact, the average revenue for a 3 bedroom listing without a hot tub is $46,435, while the average revenue for a 3 bedroom listing with a hot tub is $73,354. This represents a substantial difference of $26,919 in annual revenue.
While adding a hot tub to a listing may require a significant investment of around $20,000, hosts can expect to recoup this investment within 12 months. Moreover, having a hot tub can create a competitive advantage for a listing, making it stand out from other listings in the area and creating a "moat" for the property.
Return on Investment
While hot tubs do require an initial investment, the return on investment can be significant in the long run. Quality hot tubs can range in price from $10,000 to $18,000+, and many dealers offer financing plans to make it more affordable. The increased rental income from the hot tub and improved guest experience can contribute to recouping this investment over time. Additionally, installing a hot tub can potentially increase the overall value of your property, particularly when combined with a well-designed outdoor living space.
Selecting the Right Size and Capacity
Acrylic Hot Tubs
Acrylic hot tubs are a popular choice for short-term rental properties. These hot tubs are durable, lightweight, and easy to maintain. Standard hot tub sizes range from small (6 by 6 feet) to medium (7 by 7 feet) Lowe's. When selecting the right size and capacity for your short-term rental, consider the number of guests you typically host and the available outdoor space.
Occupancy
The number of people your hot tub can accommodate is an essential factor to consider. Hot tubs are available in different sizes, measured by their physical dimensions and the number of occupants they can accommodate:
2-3 person hot tub: typically 5' or 6' in length
4 person hot tub: usually 7'
5-6 person hot tub: up to 9'
Choose a hot tub size that matches your expected usage - a smaller hot tub for couples or a larger hot tub for families or groups of guests.
Deck, Pad, or Foundation
Your hot tub's location will require a stable, level, and durable foundation. Common foundation options include:
Concrete pad: A level, reinforced concrete pad is the most robust and long-lasting choice. The thickness of the pad should be at least 4 inches, with reinforced steel bars for added support.
Deck: If placing the hot tub on an existing deck, verify that the deck can support the combined weight of the hot tub, water, and occupants. Consult a structural engineer to confirm the deck's ability to handle the load.
Spa pad: A prefabricated, interlocking plastic pad is a convenient and cost-effective option. These pads can be easily installed on level ground to provide a stable foundation for your hot tub.
Remember to follow local building codes and regulations when constructing or modifying the chosen foundation.
Features to Consider
When selecting a hot tub for your short-term rental property, there are several features to consider that can make the experience more enjoyable and appealing for guests. These features include the quality and number of jets, temperature controls, lighting, and Bluetooth speakers.
Jets
The jets in a hot tub are essential for providing a relaxing massage experience. When choosing a hot tub, consider the number and type of jets it has. More jets can offer a better overall massage, but their placement and type are also crucial in determining their effectiveness. Look for hot tubs with adjustable jets, which allow guests to customize the intensity and direction of the water flow to suit their preferences.
Temperature Controls
A hot tub's ability to maintain and control temperature is another important feature to consider. Look for models with digital temperature controls and energy-efficient heating systems, as these make it easier for guests to adjust the water temperature to their liking and can help reduce the cost of operating the hot tub. Additionally, consider selecting a hot tub with built-in insulation and a high-quality cover to help maintain a consistent water temperature.
Lighting
Incorporating lighting into your hot tub can enhance the ambiance and appeal for your guests. Many hot tub models offer LED lighting options with a variety of colors and modes. Choose a hot tub with customizable lighting settings, so guests can create the ideal mood for their evening soak. Some hot tubs also offer integrated underwater and exterior lighting, providing extra safety and visibility.
Bluetooth Speakers
For guests who enjoy listening to music or podcasts while relaxing in the hot tub, consider a model with built-in Bluetooth speakers. This feature allows guests to easily connect their devices and wirelessly stream audio during their soak. Opt for a hot tub with high-quality speakers and a user-friendly interface, ensuring that guests can effortlessly connect and control their audio experience.
Maintenance and Care
Sanitation
Sanitizing your hot tub is crucial for maintaining a clean and healthy environment for your guests. There are various sanitizers available, including chlorine, bromine, and minerals. Choose the one that best suits your needs.
Chlorine: Widely used and effective, you should aim for a level of 1.0-4.0 ppm for proper sanitation.
Bromine: If you prefer an alternative to chlorine, bromine is an excellent choice. Maintain a level of 2.0-6.0 ppm.
Minerals: Mineral purifiers can give you an added layer of protection by reducing the need for harsh chemicals.
Don't forget to shock your hot tub periodically to ensure optimal cleanliness. Use a non-chlorine shock like MPS for consistent sanitation.
Water Testing and Balancing
Regular water testing is essential for maintaining a balanced hot tub environment. Test your water 1-4 times a week and adjust the levels as needed.
Keep the waterline and seats clean to prevent potential water issues. A weekly wipe-down with a sponge and white vinegar can help to remove any scum lines at the water's edge.
Filters
Regular filter maintenance is essential for keeping your hot tub's water clean and clear. It is advised to have an alternate filter and swap them out periodically.
Remove the dirty filter and replace it with the alternate one.
Clean the dirty filter by soaking it in a suitable cleaning solution.
By establishing a consistent filter maintenance routine, you can help ensure a pleasant hot tub experience for your guests.
Installation and Costs
Initial Investment
When considering a hot tub for your short-term rental property, be aware of the initial investment costs. These costs include the price of the hot tub itself and the associated setup expenses.
In addition to the hot tub purchase, electrical installation and setup are crucial components of the total investment. A professional electrician will need to install a 220V 20 amp outlet and hardwire the hot tub, with costs ranging from $800 to $1,600 for the entire process. This generally covers up to 100' of wiring, a dedicated electrical circuit, and a necessary ground-fault circuit interrupter (GFCI) outlet or subpanel.
Ongoing Expenses
Maintenance and upkeep are essential for keeping your hot tub in good condition and ensuring a positive experience for your renters. Weekly service calls are an important investment in preserving the quality of your hot tub and can cost between $60 and $90, depending on your location.
To minimize ongoing expenses, you may want to ask your guests for help in maintaining the hot tub during their stay. Offering specific directions to shock the spa after each use or perform other simple tasks can assist in this regard.
Legal Requirements and HOA Considerations
When considering the installation of a hot tub in your short-term rental property, it's essential to take into account any legal requirements and homeowners' association (HOA) rules that might apply.
Before purchasing a hot tub, check whether your property is located within an HOA community, as their regulations may impact your ability to install a hot tub. You can find information regarding the permissible types of hot tubs, approval process, and any specific requirements within your HOA's guidelines.
Furthermore, it's important to understand your responsibilities as a short-term rental host. Be aware that some HOAs may have restrictions on short-term rentals within the community. To ensure your rental property complies with these rules, review your HOA's declaration and any relevant state laws.
Building permits may also be required if you're planning to construct a platform or any other structure to accommodate the hot tub. Contact your local building inspector to confirm any necessary permits and guidelines for your specific area.
Best Hot Tub Brands for Short-Term Rentals
Bullfrog Spas
Bullfrog Spas are known for its innovative JetPak Therapy System, which allows for customizable jet configurations to provide personalized massages for each user. Their hot tub models are energy-efficient, low-maintenance, and customizable, making them an excellent choice for short-term rental properties. Some popular models from Bullfrog Spas include the A Series and R Series.
Hot Spring
Hot Spring offers a wide variety of hot tub models that cater to different user needs, from the small 3-person Jetsetter to the spacious 7-person Grandee. Their hot tubs are designed with energy efficiency, easy water care, and comfort in mind. For short-term rental properties, the Highlife and Limelight series are popular choices due to their combination of advanced features, durability, and ease of maintenance.
Caldera Spas
Caldera Spas focus on providing an exceptional hydrotherapy experience with ergonomically designed seats and powerful, targeted jets. Their Utopia and Paradise series is popular among vacation rental properties for their combination of luxury features, reliability, and easy water care system. Investing in a Caldera Spa ensures that guests can indulge in a relaxing hot tub experience after a day of exploring.
Sundance Spas
Sundance Spas are known for their advanced filtration system, ease of use, and modern design. The 880 and 980 series are popular choices for short-term rentals due to their combination of powerful jets, energy efficiency, and low-maintenance requirements. These hot tubs are designed to enhance the overall guest experience while minimizing the efforts required for upkeep.
Jacuzzi
Jacuzzi is a well-known and trusted brand in the hot tub industry, offering a wide range of models with advanced hydrotherapy features. Their J-200, J-300, and J-400 series cater to various preferences, from compact designs to spacious, feature-rich models. For short-term rental properties, Jacuzzi hot tubs are a reliable choice for providing a luxurious and therapeutic experience for guests.
When choosing the best hot tub for your short-term rental, consider factors such as ease of maintenance, energy efficiency, durability, and guest preferences. Brands like Bullfrog Spas, Hot Spring, Caldera Spas, Sundance Spas, and Jacuzzi offer a range of models and features that cater to the needs of rental property owners, ensuring a positive experience for both guests and hosts.
Upgrade Your Short-Term Rental with a Hot Tub: Enhance Guest Experience and Stand Out from the Competition
In conclusion, investing in a hot tub for your short-term rental property can prove to be a worthwhile addition. It can make your property more attractive to potential renters and increase the overall guest experience. When considering the purchase of a hot tub, it is essential to take into account the initial cost, size, and maintenance requirements.
Maintenance is a crucial factor to consider, as routine upkeep ensures the longevity of the hot tub and the safety of your guests. Weekly hot tub service calls typically cost $60-$90, depending on your location. If you live nearby and manage the guest experience, you can choose to maintain the hot tub yourself or subcontract spa care to a local company or rental assistance company specializing in the rental industry.
Remember, offering additional amenities like hot tubs can make your short-term rental stand out from the competition and be viewed as more luxurious4. By carefully considering the upfront costs, size, and maintenance, you can make an informed decision that will elevate your rental property and create a memorable experience for your guests.
Haus Professional Short Term Rental Property Management
If you're a property owner in the Hudson Valley area looking to maximize your rental income and minimize the stress of managing your vacation rental property on your own, then professional vacation rental management can be the solution you need. By hiring a professional vacation rental management company, you can benefit from increased revenue, better marketing and exposure, improved customer service and support, maintenance and housekeeping services, short-term rental consultation, and concierge services. Haus is a leading vacation rental management company in Hudson Valley, offering all these services and more. Contact Haus today to learn how we can help you turn your vacation rental property into a profitable and hassle-free investment.
10 Hudson Valley Hot Tub Dealers - Do your diligence
When selecting a hot tub dealer for your vacation rental property, it's important to do your diligence and research to ensure you find a reputable dealer that can provide you with quality products and services. Start by checking reviews and referrals from other vacation rental owners or local residents. This can help you get an idea of the dealer's reputation and the quality of their products and services. When speaking with potential dealers, be sure to ask about the brands of hot tubs they carry, as well as their installation and maintenance services. It's also important to ask about their warranty and return policies, as well as any additional fees or charges that may be associated with the purchase and installation of a hot tub.
Royal Pools & Spas - https://www.royalpoolsandspas.com/ - With locations in Kingston and Poughkeepsie, NY, Royal Pools & Spas offers a variety of hot tubs, swim spas, and saunas. They carry hot tub brands such as Sundance Spas, Jacuzzi Hot Tubs, and Nordic Hot Tubs.
AQUA Jet Pools, Spas & Patio Furniture - https://aquajetpools.com/ - AQUA Jet Pools, Spas & Patio Furniture offers a range of hot tubs and spas, as well as pool installation and maintenance services. They carry hot tub brands such as Bullfrog Spas, Marquis Spas, and Nordic Hot Tubs.
