James Stevens writing for Realtytimes tackles the question of do wine cabinets and cellars increase the value of your home? In Northern California, this is definitely some great information.
Whether you are considering investing in a wine cellar or cabinet for your home or you are preparing a home to sell, you may wonder if a wine cellar is an investment that will improve the value of your home. Unfortunately, there is no one size fits all answer for that question. The real answer is, “It depends.” Sometimes a wine cellar is the perfect touch that will be a highly sought prize. In other situations, it will be an expense you may never recover in perceived or actual value.
According to Realtor.com, a wine cellar ranks highly among home buyers who have incomes greater than $150,000. In fact, 31 percent of these home buyers listed a wine cellar as their most desired amenities when shopping for a home.
The other trend, beyond that of a wine cellar, is an in-home wine room where homeowners and guests can store and sip wine at their pleasure. These rooms are climate controlled for optimal wine storage, meaning the temperature is likely between 55 and 65 degrees. They often contain seating, multiple wine cabinets, and various accessories to make enjoying wine more pleasurable.
Not only do wine cellars and wine rooms meet the expectations of many buyers in the high-end housing market, homes exceeding $800,000 in value, throughout most of the country, but they offer homeowners an opportunity to add a little “wow” factor to their homes.
Some people have taken to using wine cabinets and other wine storage options as showcase pieces in their wine cellars. While it is important to make your wine cellar your own so you can enjoy it fully, if you’re eyeing a higher resale value for your home, then you also want to make it somewhat universally appealing too.
Here’s where things get tricky though. Many people purchase homes with the idea of it being a 10, 20, 30-year or longer investment. If you’re planning to live in your home, it’s not just about improving the value of your home for future owners. It’s about improving the value of your home for yourself and the needs of your family. If wine brings you pleasure, there’s no reason you shouldn’t have a wine cellar or a wine room in your home.
In fact, doing so could improve your perceived value of your home and your personal space within your home. It certainly lends elegance to your home, is impressive to your guests, and it allows you to secure and store your wine in a manner that maximizes its flavor and appeal.
The only time it may be in your best interests to avoid adding a wine cellar is if you’re planning to sell your home soon and it is in a lower price point. While home buyers looking at houses in the middle $500,000 range may appreciate a wine cellar in the home, that isn’t the practical guarantee it would be at higher price points.
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