Attention integrators… maybe now is the time to install above ground pools in your customers’ front yards because apparently that’s more beneficial to a home’s valuation than a home theater. Indeed there are many elements that can negatively affect the value of a home, but a home theater? Yes. According to a recent article in Yahoo Finance, installing a home theater is the third worst thing you can do to hurt your home’s value.
The article, titled “Surprising things that can hurt your home’s value,” claims that home theaters have very limited appeal, only to stay-at-home families or movie buffs.
But the rest of the potential buyers may not see their “vision” with a home theater, the article says. And a “bespoke, often built-in, home theater” would be especially daunting for a new homebuyer looking to “potentially tear out.”
I have a friend who is a major real estate agent in an affluent part of Los Angeles and he once told me the story of a client who gutted a $500,000 movie theater to replace it with a wine cellar. But if you have the money, is it really a deterrent to buying the house?
At least home theaters haven’t been labeled the worst home amenity. That was reserved for “personalized kitchens”.
According to the article, certain decor for a kitchen, including alcove tiling, ultra-modern cabinets, and high-end appliances, can only appeal to the existing homeowner’s tastes, and as such, potential buyers will want to rip it out and redecorate the kitchen, which can get expensive.
The second-worst amenity, according to the article, is a “bathroom gone overboard.” In particular, sauna baths with jets and showers with multiple heads are said to be the most offensive. Again, the justification for labeling it as an inconvenient amenity is the cost of gutting the bathroom, to make it more generic.
The rest of the negative value amenities list is:
- Dark colour
- Too much carpet
- Converted garage
- Swimming pool
- Large bedrooms
- Too much decoration
Who would have thought that over the years integrators have been degrading, not improving, the value of their customers’ homes.
Continue reading: 29 home theater technology products for better systems
The same apparently goes for interior designers who have helped design kitchens and bathrooms for their clients… little did they know they should have just left the Formica countertop and plywood floor!