Does a Custom Wine Cellar Increase Home Value?
If wine is your drink of choice, then you may dream of adding a wine cellar to your home as a way to bring luxury to your home while also giving you more room to expand your wine collection. However, unless you plan on living in your home for the long-term, you may be concerned about the return on investment you will see when making any changes to your home. Fortunately, this is not something you have to worry about when adding a custom wine cellar to your home, as wine cellars are actually in high demand amongst prospective homebuyers. If you are considering adding a wine cellar to your home, here is a look at a few of the reasons why this can help increase your home’s value.
Wine is Growing in Popularity
While wine has always been a popular drink that is the perfect accoutrement to many meal pairings, wine is currently seeing a surge in popularity with wine consumption in the U.S. nearly doubling in the last 20 years. With more people becoming interested in drinking and collecting fine wines, adding a wine cellar to your home is an excellent investment as it can increase your home’s value and add a selling point for many buyers looking at your home.
Wine Cellars are Expected in High-Value Homes
In fact, not only are wine cellars popular amongst home buyers, but they are almost expected in high-value homes. People looking to move into or invest in multi-million dollar homes are looking for luxury features that will make a home stand out from the pack. A beautifully designed wine cellar can add further value to a high-value home and make it more attractive to buyers.
Take Advantage of Unused Space
Adding a custom wine cellar to your home can also help to boost your home’s value by allowing you to take advantage of previously unused space in your home. Turning an unfinished basement or an unutilized storage room or mudroom into a wine cellar can let you take full advantage of your home’s space. This way, should you sell your home in the future, rather than seeing a closet or basement that needs work, potential buyers will see a luxury wine cellar, making your home more marketable.
In an age where wine is more popular than ever, adding a wine cellar to your home can help to boost your home’s value, and it can make it easier to sell down-the-road. Contact us to learn more about the benefits of adding a wine cellar to your home.
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