​

Financial Samurai

Slicing Through Money's Mysteries

  • About
  • Invest In Real Estate
  • Top Financial Products
    • Free Wealth Management
    • Negotiate A Severance
  • Buy This, Not That (Bestseller)

Hot Tub Economics: The Cost To Own And Maintain A Hot Tub

Updated: 06/30/2022 by Financial Samurai 73 Comments

Getting a hot tub (spa) has been the absolute best splurge I’ve ever made. The second best splurge is building a deck. Once the global pandemic hit, I went from going to my hot tub once or twice a week to three or four times a week. Having a hot tub has been a life-saver!

Having an outdoor hot tub to go to really helped with my mental health. It allowed me to relax, record some podcasts, and think of new post ideas for Financial Samurai. Further, having a hot tub was something fun and new to do with my three and a half year old son.

At least once a week, I would walk with my boy to my rental property where my hot tub was, and spend some quality time. Kids love water and my son is no different.

Thoughts On Getting A Hot Tub

I don’t have very many wants in life, namely:

  • A lovely wife
  • A healthy family
  • Sexy good looks
  • Financial independence
  • A feeling of purpose
  • Admiration and respect from everyone
  • A happy default predisposition
  • A cozy home with an ocean view
  • Buy This, Not That becoming an international bestseller

After these nine things, what more does a guy really want or need? I’m not greedy. But lately, I’ve been wanting one more thing to fill up the large empty space underneath my deck: a hot tub!

I don’t know whether you guys realize how much I sacrifice to give you the most insightful financial advice possible. After all, I can’t write about the cost to own and maintain a spa without buying one. That would be like me writing about early retirement while still working for The Borg.

In this post, I’ll give you some insights into my nine month journey of finally procuring a hot tub. I’ve learned a ton along the way that will enable you to save money and make the best spa decision for you and your family.

Is A Hot Tub Right For You?

Before you buy one, the first thing you should do is list the reasons why you want one. Ask yourself the following:

* Do you live in a temperate climate? Hot tubs are wonderful between 0 – 75 degrees Fahrenheit. Sitting in 101+ degree water when the outside temperature is higher than 75 degrees gets a little uncomfortable.

* Do you do a lot of physical activity? Physical activity can include manual labor for your job, rigorous exercise, or sports. Spas provide wonderful therapy for achy muscles.

* Do you have a well ventilated space? Hot tubs generally range from 5′ X 6′ up to 8′ X 8′. You’ll want to have at least a couple feet of space to walk around all four sides for cleaning and maintenance. Therefore, you need at least 70 – 100 sqft worth of space. You’ll also want a space that’s sheltered from prying neighbors as well.

* Do you have the time and patience to maintain one? Depending on usage, you’ll have to change the water every 3-4 months, the filters every 6-18 months, check the PH balance at least once a week, clean the inevitable ring that forms around the hot tub, and once a year change the UV bulb that kills bacteria. You can pay a maintenance company $30 – $250/month to do the work.

The Cost Of Owning A Hot Tub

There are an endless number of hot tubs to choose from. If you buy one, you might as well get the best one possible because of the fixed costs required to install one. Here are some things you will probably need to spend money on.

Hot Tub Store Selection - the cost of getting a hot tub

Platform: $200 – $1,000

Unless you already have available a perfectly flat cement platform, it’s likely you will need to create one from scratch with reinforced rebar. To withstand the thousands of pounds of pressure, the cement platform should be around 4″ high.

Originally, I had planned to put the hot tub on my deck. However, a structural engineer said my deck would not hold 7,000 pounds (heavier than my Honda Fit) without reinforcement. Even then, he said he still wouldn’t recommend putting one on the deck.

I got my landscaper to build me an 8′ X 8′ X 4″ cement platform for about $800 – $1,000, including materials. The cost was blended into my overall backyard landscaping job.

He had to build a box, pick up bags of concrete, pour, and smooth. Or you can do all this work yourself and just pay about ~$200 for the materials. But I had no desire to injure my back.

Hot tub cement platform - the cost of getting a hot tub

Delivery: $0 – $1,500

Hot tubs are large, heavy, and cumbersome. The dry weight is anywhere between 500 – 1,000 lbs. Further, they do not fit through standard, three foot wide doors either. Therefore, if it’s feasible, you’ll need a bunch of guys to create a movable trolley / ramp system to get your hot tub onto your platform.

Otherwise, your spa may need to be craned over your house and into your back yard. This is where you might have to pay the delivery company $1,000 or more. The farther away the placement is from the street, the more you’ll have to pay.

I paid $325 to have five guys build a ramp over my fence, and trolley my hot tub down the side of my house.

Hot tub delivery

Electrician: $1,000 – $3,000

The first thing you should choose is a 220 volt powered hot tub versus a 110 volt powered hot tub. The 210v heats up the water quicker, recycles the water faster, and has more jet power. Higher voltage hot tubs have more options such as lights, music, and bubbles. Plug and play 110v hot tubs are fine. They just don’t have the best therapeutic power.

Unfortunately, with a 220v powered spa, you’ll need an electrician to run a hardwire from your sub-panel or main panel into your hot tub. You’ll need to create a GFCI switch box as well. This costs money! Depending on the distance your spa is from your electrical panel, and how much cutting and drilling is involved, your electrician may cost between $1,000 – $3,000.

I paid my licensed electrician $1,500.

hot tub electrical panel
Hot tub GFCI switch - the cost of installing electrical for a hot tub
Hot tub electrical wiring conduit 210V

Hot tub: $2,000 – $20,000

Given I was already in for $2,825 to install my hot tub, I decided to get a larger hot tub of higher quality even though most of the time there would only be one or two of us using it. I chose the Sundance Altamar hot tub that seats five for $13,000.

The Altamar is part of Sundance’s top of the line 8800 series with the most amount of jets and options. It’s the same hot tub that’s in the San Francisco Giants’ locker room. If it’s good enough for Giants players, it’s good enough for me.

If you’re going to go through the hassle of getting one, you might as well get the best one you can afford. I’d stick to mid tier: $5,000 – $8,000, high tier: $9,000 – $12,000, or luxury tier: $13,000 – $20,000. The last thing you want to do is return your hot tub because it didn’t perform to your expectations.

Really think things through regarding placement as well. You have to make a best guesstimate of which will be your favorite seat and where you want the cover to fold out to for privacy. Once you’ve decided, it’s very hard to switch things around!

Total Cost Of Owning A Hot Tub: $15,825

Best hot tub in the world - the cost to install a hot tub

Ongoing Hot Tub Maintenance Costs

Chemicals to keep the water clean: $150 – $250 / year 

My hot tub came with a box of five different bottles of chemicals. Each chemical is used to clean and maintain the quality of the water. My box of chemicals will run out in about four months. Therefore, I’ll have to buy two more boxes for $50 each to cover the remaining eight months. Therefore, the total cost is roughly $150 / year.

Hot tub chemical requirements

Filters to keep water clear: $100 / year

My hot tub has an outer and inner filter. I’m required to change the outer filter every 18 months ($60) and the inner filter every six months ($40). Some might say I don’t have to change the filters as often, just like how you don’t have to change your car’s oil every 3,000 miles. But I want to change my filters often because it’s easy to do and I care about the quality of the water.

The reality is, after five years of owning a hot tub, I change my filter much less often than recommended. I take it out and hose the filter down, but that’s it. When it’s only you, your wife, and your son using the hot tub, it doesn’t get very dirty.

UV bulb: $75 / year

The ClearRay UV bulb helps kill bacteria that cross its path. Replacing the bulb looks a little complicated as I’ve got to remove a lot of parts to get in there. If I don’t have to pay someone, the cost is just $75.

UV bulb replacement instructions
Looks complicated

Increased Electricity: $60 – 250 / month

Depending on the water heater savings mode you use and how high you want your water to be heated (99 – 104F usually), you will see a $60 – $25 monthly increase in your electricity bill.

I highly recommend you learn how to turn on the economy mode or day mode function. This way, the hot tub isn’t heating at your set temperature for 24 hours a day. Instead, it’s heating for 11 to 12 hours a day.

The higher ongoing electricity bill has been my main surprise for owning a hot tub. I’m not sure whether my hot tub wiring is fault, or I simply got a beast of a hot tub that consumes a lot of energy. But I keep my hot tub on economy mode and set the temperature at 99 degrees. Even still, my hot tub bill is regularly $200/month.

Also note that if you drain your hot tub and refill it with cold water, the electrical cost to reheat the tub to your desire temperature will increase a lot. I recommend changing the water every 3-6 months.

Total annual operating costs of a hot tub: $1,000 – $2,500

The Benefits Of Owning A Hot Tub

Here are ten potential benefits I can think of.

1. More Family Time. The traditional get together is around the dining table. Why not extend the quality time to the hot tub after?

2. Better Sleep. It’s easier to fall asleep after a nice soak or massage.

3. Massages. Get a free massage when you want, as long as you want, with powerful hot tub therapy jets.

4. Lower Stress. Live longer.

5. Increase Romance. Rekindle the romance with your partner, or impress a date.

6. More Time Outdoors. Ever wonder why hiking is so therapeutic?

7. Lower Blood Pressure. You may see lower blood pressure, according to “The New England Journal of Medicine” while combating Vitamin D deficiency.

8. Hot Tub Parties. Have a hot tub party in the middle of winter. Hot tubs are a great way to stay connected with friends.

9. Staycation. Save money and traveling headaches. No longer do you need to spend a fortune at an expensive resort to enjoy a hot tub.

10. Increase Home Value. There’s a debate whether a pool adds value given the dangers of a pool. But a operational hot tub should absolutely increase the value of your property when it comes time to sell. Any amenity that makes your home more vacation-like is a win.

I Love My Hot Tub

Relaxing at night in warm water

In another life I must have been a sea creature because I can soak in my hot tub for a couple hours at a time no problem. After five years of ownership, I’ve averaged eight hours a week in my hot tub.

It’s been wonderful utilizing my unused space in the back as well. I sleep incredibly well after a good soak and have had fantastic conversations with friends and family in the hot tub so far.

The biggest stress you will have as a first-time hot tub owner is making sure the water is within the parameters of the test strip. It takes trial and error to get things right.

But sooner or later you’ll get the hang of maintaining clear, clean smelling water that will provide you and your family hours of enjoyment. If you mess up the chemical balance, you can always drain the tub and start over!

One of the reasons why real estate is my favorite asset class is due to little things like enjoying a hot tub. You would never make such an investment in a rental unless you had money to burn. 

To be able to enjoy a better lifestyle, add value to your property, potentially make a profit down the road and essentially live for free as a result is just a wonderful value proposition.

This isn’t something you can do investing in stocks, bonds, REITs, or real estate crowdfunding, where I’m currently putting new money to work. So I encourage you to not only own your primary residence, but also continuously invest in passive income generating assets. Then you can spend even more time in your hot tub since you won’t have to work as much!

Wealth Building Recommendations

If you’re looking to buy property as an investment or reinvest your house sale proceeds, take a look at Fundrise, one of the largest real estate crowdfunding platforms today with over $3 billion under management. Fundrise enables investors to easily invest in private multifamily and single family rental properties across the country.

I also highly recommend searching for properties on the CrowdStreet platform. CrowdStreet focuses on individual real estate deals in 18-hour cities. 18-hour cities have lower valuations, higher growth, and higher yields.

I’ve personally invested $810,000 in real estate crowdfunding to diversify and earn income passively. It’s great to be able to diversify away from my expensive San Francisco real estate portfolio.

Fundrise Due Diligence Funnel
Less than 5% of the real estate deals shown gets through the Fundrise funnel
Tweet
Share
Pin
Flip
Share
Buy this not that instant bestseller Wall Street journal banner

Filed Under: Real Estate

Author Bio: I started Financial Samurai in 2009 to help people achieve financial freedom sooner. Financial Samurai is now one of the largest independently run personal finance sites with about one million visitors a month.

I spent 13 years working at Goldman Sachs and Credit Suisse. In 1999, I earned my BA from William & Mary and in 2006, I received my MBA from UC Berkeley.

In 2012, I left banking after negotiating a severance package worth over five years of living expenses. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing.

Order a hardcopy of my new WSJ bestselling book, Buy This, Not That: How To Spend Your Way To Wealth And Freedom. Not only will you build more wealth by reading my book, you’ll also make better choices when faced with some of life’s biggest decisions.

Current Recommendations:

1) Check out Fundrise, my favorite real estate investing platform. I’ve personally invested $810,000 in private real estate to take advantage of lower valuations and higher cap rates in the Sunbelt. Roughly $160,000 of my annual passive income comes from real estate. And passive income is the key to being free.

2) If you have debt and/or children, life insurance is a must. PolicyGenius is the easiest way to find affordable life insurance in minutes. My wife was able to double her life insurance coverage for less with PolicyGenius. I also just got a new affordable 20-year term policy with them.

Subscribe To Private Newsletter

Comments

  1. Eli Richardson says

    July 30, 2021 at 7:08 am

    It’s great that you talked about hot tubs and their maintenance needs. Recently, my wife and I decided we’d like to invest in our home. We’ve always wanted a hot tub, but we weren’t sure if we could keep it in good shape, so we’ll read your advice carefully. Thanks for the information on hot tubs and how they’re worth it!

    Reply
  2. Ellie Davis says

    January 16, 2020 at 12:21 pm

    I loved that you mentioned owning a bathtub will definitely help you to increase your home’s value. My husband and I are thinking about adding a bathtub to our home remodeling project, and I’m looking for its benefits to convince my husband. I will let him know about the benefits of owning a bathtub to increase the value of our house in case of a future sale and see if it helps.

    Reply
    • PalJoey says

      March 24, 2020 at 1:41 am

      I can’t afford a bathtub, but I’m thinking if installing an extra-large toilet, which will add to the value of the place, i think. An extra large toilet, and built in emesis drawers in the bedroom. They just look like flush drawers with nice handles, but you open them up and it’s a fully lined emesis tray. So when you’re sick you van just use the drawer and close it, until you can get up and empty it.

      Reply
  3. Derek McDoogle says

    October 24, 2019 at 10:59 am

    I like how you said that hot tubs provide wonderful therapy for achy muscles. My dad asked my mom if she would like to get a hot tub so that they could spend more time outdoors but relaxing in the charm of their house. Since my mom isn’t sure yet, I will share this article with them so they are aware of the benefits of having a hot tub in their house.

    Reply
  4. Bethel Smith says

    July 30, 2019 at 12:26 pm

    I was impressed that you were able to get your hot tub moved over your fence. We will be moving in the next year and this is one of the things that will be the most difficult to move. I can’t imagine trying to move it myself. I will certainly be reaching out to an experienced service to come help.

    Reply
  5. Valerie says

    April 16, 2019 at 6:11 pm

    Thank you for publishing this article! It was just what I was searching for- I’m a Californian, transplanted to OH-(1992) am now 61 and work on my feet several hours a day- have terrible aches & pains & so after work I am worth nothing- so have loved the idea of hot tub and after much research, put a down payment on one- it was a ‘sale’ priced down to about 10K- you brought up many pros that I wondered about vs cons- it is a big expense for us on our low income but my quality of life I hope really goes up after using it after work (or before) and hopefully will help me get a second wind to enjoy working in the yard, etc- I hadn’t thought too much about the extra expenses, the electrician cost is more than I imagined- I have a few days to back out of this contract- and am really waffling on the idea- we have long winters and hot summers but one can turn the heat down quite a bit and still enjoy, true? Also appreciate you mentioning the real estate value because that’s been a real concern in case we do move in the not to distant future- it would be a selling feature? For some- which is one reason we wanted one to seat several people in case potential buyers envision social aspect- MINE is PURELY to help me survive the aches & pains!

    Reply
  6. Sandor says

    December 15, 2018 at 6:13 pm

    Crazy we just got our hot tub delivered today. I didnt read your review or blog post. My electrician said it will raise my bill by $100.00. I argued with him and started doing research on the cost. Your blog post came up. We got a Sundance as well. 8800 Marin model. I agree with you on all of the points you made in the post. Definitely want to get a good one if your going through all the hassle to buy it. Can I ask you have you had any trouble with yours? Are you using bromine or chlorine?

    Reply
    • Financial Samurai says

      December 15, 2018 at 7:44 pm

      Get the best you can. Bill went up $50/month. Best investment. Use chlorine freely! Once a week is good.

      Reply
  7. David says

    September 29, 2017 at 7:49 pm

    Look at this hot tub. In-ground with seatwalls and water fall. I wonder what a setup like this would cost?

    https://www.paradiserestored.com/wp-content/uploads/2016/09/4330-584-twl.jpg

    Reply
  8. Kauf Buch says

    September 3, 2017 at 12:57 pm

    I’m in Florida and have NEVER used the heat in mine.
    I keep it covered (insulated) when not in use…a cool refreshment like no other!

    Reply
  9. ZJ Thorne says

    June 24, 2017 at 12:35 pm

    I love how good my achy body feels after time in a hot-tub. Another perk of fire and owning nice real estate. Perhaps my condo-desire is misplaced.

    Reply
« Older Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


n
n

Top Product Reviews

  • Fundrise review (real estate investing)
  • Policygenius review (life insurance)
  • CIT Bank review (high interest savings and CDs)
  • NewRetirement review (retirement planning)
  • Personal Capital review (free financial tools and wealth manager)
  • How To Engineer Your Layoff (severance negotiation book)

Financial Samurai Featured In

Buy this not that Wall Street journal bestseller

Categories

  • Automobiles
  • Big Government
  • Budgeting & Savings
  • Career & Employment
  • Credit Cards
  • Credit Score
  • Debt
  • Education
  • Entrepreneurship
  • Family Finances
  • Gig Economy
  • Health & Fitness
  • Insurance
  • Investments
  • Mortgages
  • Most Popular
  • Motivation
  • Podcast
  • Product Reviews
  • Real Estate
  • Relationships
  • Retirement
  • San Francisco
  • Taxes
  • Travel
Buy this not that WSJ bestseller 728
  • Email
  • Facebook
  • RSS
  • Twitter
Copyright © 2009–2023 Financial Samurai · Read our disclosures

PRIVACY: We will never disclose or sell your email address or any of your data from this site. We do highly welcome posts and community interaction, and registering is simply part of the posting system.
DISCLAIMER: Financial Samurai exists to thought provoke and learn from the community. Your decisions are yours alone and we are in no way responsible for your actions. Stay on the righteous path and think long and hard before making any financial transaction! Disclosures