Spa and Hot Tub Loans

Whether you are installing a stand-alone hot tub, swim spa, or built-in spa, you may need financing to accomplish your dreams. Hot tubs and spas are generally installed more quickly than pools and can be purchased as a completed unit. However, there are several things to consider other than the purchase price when obtaining financing. Don’t forget to think through everything you need and include it in your loan amount.

New Deck

If you want to have your hot tub accessible outside of a bedroom or living area that does not already have a deck in place, you will need to build one. Having a nice deck around your hot tub will only enhance its usefulness. Hot tubs can be tricky to move, so placing them where you want them on the first go around will save you a lot of headaches and money later.

Existing Decks

Existing decks almost always have to be reinforced to accommodate the considerable weight of a hot tub, water, and bathers. You will want to check with a contractor or the hot tub dealer in your area before bringing home your new addition. They will be able to tell you exactly what reinforcement your deck needs to safely support your purchase.

Concrete Pad or Patio

If you are looking for where to place your hot tub or swim spa in your yard, you’ll need a firm foundation, be that a patio or a reinforced concrete pad. A patio or concrete pad location will serve as a level, strong foundation — supporting your hot tub or swim spa for the long term. From materials to labor, you can include your location construction in your loan amount.

Excavation for Inground Spas, Swim Spas and Hot Tubs

Some dealers and contractors can help you install your swim spa, spa or hot tub in the ground or build an in-pool spa with your new pool build. If this is the case, you will need to consider the costs of having a team out to excavate your land before installation. Including this in your loan amount can help you have easy monthly payments that make financing incredibly appealing.

Electricians

For strength and power to operate multiple pumps and features, most hot tubs and swim spas require a dedicated 220V hardwired electrical connection that connects directly to your electrical panel. An electrician will need to come out to your residence and run the appropriate wiring for your hot tub or spa’s electrical needs. It is important that an electrician does this work, as faulty or improperly installed wiring could cause damage to your hot tub or swim spa.

Fencing

If you do not already have one, you may want to factor in the cost of a fence. Even if you have a fence, it may need to be changed or adjusted — like being made taller — to best accommodate your needs. Knowing that your investment is secure and that you are shielded from prying eyes is a double win.

Fun Extras

Don’t forget any other things you want to include, such as a fire pit, outdoor kitchen, or landscaping around your new swim spa, spa or hot tub. If accessories are not included with the purchase price, you will also want to consider things like stairs and a cover and cover lifter. You could also go all out and redo the entire backyard with new patio furniture to match. Whatever it is that you want, it can be added to give you a great spa area to relax, entertain, and enjoy.

Get a comprehensive quote from your local pool and spa dealer, so you know how much of a loan to apply for. HFS Financial works with in-pool spa loans, swim spa loans and hot tub loans! Whatever your purchase choice, we’ve got you covered with an array of lending options featuring industry-leading terms and fixed rates. Check your rate in as little as 60 seconds and get started building your backyard retreat today! You won’t regret adding a spa, hot tub or swim spa to your life.