Profile picture for massosfl

How much value does a sauna that is installed in the front courtyard of a home add value to the home

If someone can please give me a numerical number of how much a sauna can add value to a home it would be appreciated. I'm aware that there is no exact number, but a % or an estimate would help.
  • February 06 2014 - US
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Answers (8)

Profile picture for rickenasmith01
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  • December 29 2014
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As a seller of Saunas and Hot Tubs to luxury homes on Long Island, I can say that while the sauna may or may not have a numeric value to add to the home price, it does add a sense of luxury and upgrade to a home, especially when it is part of a bigger picture like a home gym, a back yard living experience, a master bath, a personal sanctuary. Now the sauna is a part of an experience; part of an other "upgrade"; part of an investment that has meaning.
  • February 18 2014
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Profile picture for massosfl
Thanks for everyone's comments - very useful info.
  • February 09 2014
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Profile picture for sunnyview
Saunas add virtually zero. They will not be included as an economic plus in the appraisal process and buyers will not pay extra for that specific feature. Save your money or do it for yourself and not resale.
  • February 07 2014
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It all depends on your market.

You see in Florida an Air condition ads value to a home and homes without will get punished at the price. A pool as well ads value in Florida but not so much up north.

A sauna in Finland adds great value since this is standard. Is it in your area?

Annett T. Block
Florida Connects Inc.

  • February 07 2014
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What zip code do you live in ? Upload a photo of it.

Typically saunas are considered personal property and given no value, but your may be more of a fixture than PP....
  • February 06 2014
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It's really hard to say, as you know. The best bet is to find and contact an appraiser and they will be the best source to estimate what an some kind of average formula or number used in their calculations will/might be.
Common sense factors that would be taken into consideration, how old is it, what is the market retail value/cost of this amenity, the overall condition of it,..etc. regardless if it's the top notch kitchen or the rare wood flooring in the home, they take time to research.

As a loan officer, if I had a home to date that actually had one in their, I would imagine that that home should ATLEAST be able to command and extra 2-3% of the home's value added to it. But this is just my guess.

With all the challenges associated with improving a home's value, the cost put into a project, improvement, or addition rarely comes equates as the money spent -added to the overall appraisal value of the home. I've seen many cases where my borrower's homes came in much less than all of us could expect, despite getting second opinions and challenging the appraiser's conclusions.

Find an appraisal management company, ask to speak to one and see what they might say.

I'm interested in what the best  answers on this would be.

Good luck!
  • February 06 2014
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massosfl,

Since every market is different, I can't give you an exact number. However, I would recommend contacting an appraiser in your local market and see if you can pick their brain and ask them the same question. A local residential appraiser would probably be the most qualified person to answer this question.
  • February 06 2014
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