Curtis C Darragh
Legacy Land & Homes LLC
Pools and Hot tubs typically offer a much worse return on investment and many buyers see them only as a negative. In addition these items tend to require a lot of maintenance. I'd think long and hard before putting my money there.
The best return you can get if you're trying to make your house more appealing for sale, is a really good paint job.
People who sell home improvements like to suggest that anything and everything you do "increases the value of your home." But it's not necessarily true when it comes time to actually put your house on the market and get the best possible price.
Anything that improves the kitchen, especially if it needs it, will pay back most or perhaps all, or more, than your investment. It depends on how bad things are before you remodel or replace. Check out cheap kitchen spruce up ideas on the web, too.
White appliances are coming back into style, so if your white ones look sharp, there is no need to switch to stainless appliances. But if the appliances look bad, it makes it look like you don't maintain the house in the unseen areas, either.
A pool never recoups the investment unless you live in an area where everyone has a pool (Arizona). Many people with young children just will not buy a place with an in ground pool, it's too dangerous for toddlers and too expensive to maintain. If you must have one, perhaps you could consider an above-ground model that at least can be easily removed.
Hot tubs I don't know much about specifically. All I know is that except in certain parts of the USA (California, ski resort areas), they tend to sit idle for many months of the year and they cost money to maintain too. We just returned from a resort area in the Finger Lakes, and I noticed a hot tub near us in storage on the property. The novelty wears off fast. A whirlpool tub in a bathroom would have more appeal, I suspect.
If this were my house I wouldn't bother with either water item if I could live without them. If you don't have a fireplace, though, adding one will return your investment 100% or perhaps more, according to studies I've seen. Again, search it on the web for the latest trends.
Licensed Real Estate Salesperson
New York, NY
I would strongly suggest talking to your Realtor about this.
I am attaching a the Remodeling Magazine's Cost vs. Value article that might be helpful for your future improvements.
If its just a pool/spa and appliances, you'll probably increase the value, but may not get it back penny for penny in a sale. My best advise, to take the guesswork out of the equation, is to invite a local real estate agent to give you a market analysis and then discuss what you would like to do and they can give you comparable driven data of what that would mean in today's market. This won't cost you a thing and will be the most accurate in taking community features, cost comparables, other emenities, etc. into the equation. Good Luck.