How much would home theater increase the value of the house?
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Anonymous
On the TV stand! Duh |
Anonymous
We are in a market higher than you and frankly, never use our home theater, so I would say zero. Since you asked. |
Anonymous
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I think home theatre rooms are a frivolous fad of the 2000's. I think PP mentioned this. I was driving by a new $4m (sold) house today, and noticed the home theatre company installing something.
I suppose it could be a home theatre, and I suppose at $4m wasted space doesn't really matter, but I thought how foolish. If they are smart, it is something else entirely, but one doesn't really need to hire anyone to have formal audio/video accoutrements these days do they? We do everything ourselves, as far as hooking up sophisticated technology. I guess I thought everyone did this. |
Anonymous
Yes really. Unless the basement was still unfinished, then I can put my own one in. |
Anonymous
| PP here, I would NOT spend that much though. No more than 20k. |
Anonymous
The problem is most people can't afford a pool and home theatre. So they get pissed that others can afford it. |
Anonymous
if you have a pool just put your TV on a raft and watch it as you float |
Anonymous
I'm guessing most people buying a 4M dollar house don't do many things themselves. |
Anonymous
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We have a home theater. DH built it in a somewhat remote, unfinished portion of our basement a few years ago. We just have big comfy couches in it, no riser, but it does have 3 large screens and a wet bar.
If we moved, none of the electronics would convey, but it does have state of the art wiring throughout. Had a home theater in last house as well. It's definitely what sold it for the husband. We were home when they toured and it was a real plus for him. However, in both cases, these were not rooms that replaced other standard rooms. We already have a family room, playroom, guest room, etc. |
Anonymous
| Not much at all, especially in that price range. It just doesn't appeal to many people, and the technology gets outdated so quickly. |
Anonymous
| Home theaters are out. Individual viewing on personal devices is in. |
Anonymous
| Most of the cost is not the electrical components. |
Anonymous
| I'd love a nicely finished TV/media room with good speakers and comfy couches and mini kitchen, but I have no interest in a dedicated theater room at all. It's not sour grapes, it's just not our lifestyle. |
Anonymous
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I am a high end residential builder. I have had Realtors' tell me that I had to add a wine cellar to my homes to sell them; that my wine cellar was not large enough. All types of nonsense for why a house was or wasn't selling. And then they leave in their minks and mercedes.
i think alot of the theater fad started when the money was cheap in the early 2000's. And everyone wanted the next big thing - theaters, wine cellars, etc. All in the finished basement. I never understood it because if you have all that money why are you living in the basement ? So, my take is the Realtors push them. Realtors like houses completely done; and they want to be the best house in their price range. Banks on the other hand only value basements at significantly discounted sq. ft. price from regular living space. So, for where I build, if you have a 4M house they are probably giving you a 100-120k on your appraisal for your tricked out basement. And what you need to realize is that banks set the price of real estate based on what they will lend. That's the cold hard truth. The other thing that you need to think about, what us builders love, especially for theaters in the basement, is you need to finish the rest of basement to get to theater. And you need a bath of that level, etc. Gotta love theaters. Ka Ching !! Ka Ching !! Basements are nice jobs, Don't have to go through the rest of the house - good winter work. I love to sell theaters. Don't have one in my house and never will. Add in depreciation of technology and you come to realize that you need to view a home theater as a consumable. If you and your family enjoy and have the money, go for it. I'd say add a nice flat screen to the FR or Playroom and call it a day. If the next buyer wants a theater he can have at it. |
Anonymous
I agree but it depends where this house is. My house is worth $1.3 million in Bethesda and we'd have to give up the entire basement family room to get something even approaching a home theatre. It would definitely devalue the house because there isn't that much space to spare. But if it's a $1.3 million house in the exburbs with plenty of space then maybe it's a fine use of space. I still don't think you make anything back on it. And also agree on the technology. We did a reno 5 years ago and put in wiring for speakers, etc and it was literally obsolete before the reno was done. I think home theaters are tacky but other people like them. |