Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Not much at all, especially in that price range. It just doesn't appeal to many people, and the technology gets outdated so quickly.
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.
Doubt your home in bethesda is worth 1.3 million if a home theater would take up your basement, unless you have a lot of land.
I will alert the neighbors. For some reason people are willing to pay $ to be close to DC and in the Whitman district even if the houses aren't mcmansions. I don't know anyone in our neighborhood with a home theater. But the houses sell within a week for $1.1m+.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Not much at all, especially in that price range. It just doesn't appeal to many people, and the technology gets outdated so quickly.
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.
Doubt your home in bethesda is worth 1.3 million if a home theater would take up your basement, unless you have a lot of land.
Anonymous wrote:I agree. Might be like a swimming pool. Some buyers will like it and some would appreciate the extra space for something else besides a theater. I wouldn't put one in just to try to increase the value.
Anonymous wrote:Anonymous wrote:Not much. Technology ages quickly and what may have been state of the art 3 years ago is now outdated. I would guess you would get 25% to 35% return on your investment.
Put it in if this is something which is important to you and you will enjoy.
The best return on investments are bathrooms and kitchens.
news flash, you can get new technology but you can't create a new room that easily. If you have the space by all means go for it. If you are in a smaller home then don't do it and multi-purpose another room.
Anonymous wrote:Not much. Technology ages quickly and what may have been state of the art 3 years ago is now outdated. I would guess you would get 25% to 35% return on your investment.
Put it in if this is something which is important to you and you will enjoy.
The best return on investments are bathrooms and kitchens.
Anonymous wrote:Anonymous wrote: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.
I'm guessing most people buying a 4M dollar house don't do many things themselves.
Anonymous wrote:Anonymous wrote:Not much at all, especially in that price range. It just doesn't appeal to many people, and the technology gets outdated so quickly.
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.