What’s a Wellesley home without a hot tub?
Question: Unlike some residents, we live in Wellesley but we aren’t made of money. My son loves that spa store on Route 9 and keeps telling me that a hot tub for our deck would be a smart investment, would it?
As an investment …
From a real estate perspective, definitely NO. 
From a mindful, relaxation perspective, definitely YES.
As a home amenity, the hot tub might – might – have a 50% return on investment.
If you are on a budget and your Wellesley home needs a roof or new windows or new heating/air conditioning, definitely don’t do it.
Energy efficiency improvements have high rates of return. Adding living space is good. New kitchens and baths are good. Painting, cleaning and landscaping are always good.
If your son is of working age, you can encourage him to contribute half the cost of the hot tub installation. Then, you have relaxation to gain and no money to lose.
About Bill
ABOUT Bill
Bill FitzPatrick has been a resident of Wellesley for over fifty years. He graduated from St. Paul’s School and Wellesley High School. He earned a bachelor’s degree from UMass and a master’s degree from Boston College.
He has taught courses and written articles for the National Association of Realtors®. For many years, Bill was the principal writer and editor of two of the nation’s leading business newsletters, Investing in Real Estate and the Homeowner’s Advisory Letter. Bill is also the author of the online real estate real estate investing course Master Real Estate.
Bill is the founder of both Wellesley Real Estate and the non-profit American Success Institute http://www.Success.org.
Having bought, sold, and renovated many properties himself, Bill has negotiated hundreds of real estate transactions. Selecting Wellesley Real Estate, you will have the opportunity to deal personally with Bill. Friendly and relaxed, Bill listens. From discovery through closing and beyond, Bill’s integrity, patience, diligence and critical eye ensures that he will be your personal advocate throughout the process of finding or marketing your Wellesley home.
