Can a Home Wine Cellar Raise the Value of the Home?

If you're thinking about adding some features to your house to increase its resale value, you might be wondering if a home wine cellar can raise the value of your home. This is actually an excellent way to make your house worth more when you decide to sell. Plus, you'll get to enjoy your wine cellar while you're still living in the house. Here are the ways in which a wine cellar can cause your home's value to appreciate.

Can a Home Wine Cellar Raise the Value of the Home?

The short answer is that having a wine cellar in your house can definitely increase its value. Adding this type of space to your house appeals to potential buyers' fantasies about what an upscale house should contain. They imagine themselves becoming wine aficionados and keeping their wine cool in their own custom cellar. In a survey of house sales, homes with wine cellars sold for 31% higher than those without.

Mentioned in All Ads

If you add a wine cellar to your house, you can be sure that it will be the first amenity mentioned in every single advertisement of your home. It will attract more potential buyers who are curious about having this unique feature in a house that they could possibly own. Since most houses they look at will have certain features like a pool or a gym, not many will have a wine cellar, so you're already ahead of the competition.

Generates Conversation

A great way to advertise your house is through word of mouth, and a home wine cellar will get people talking. They will not only want to see it, but will have many questions about it as well. They may want to know how it was built, how much wine it can hold, and what types of wine you keep in it. These are all excellent questions that can make a potential buyer even more interested in your house.

Represents Luxury

As mentioned above, a house that has its own wine cellar gives potential buyers the perception that the person who lives in the house is living a life of luxury. Even if you don't think your life is luxurious, the mere presence of a wine cellar in your house says otherwise to buyers who don't have one in theirs. The job of a realtor is to sell this perception of luxury to the buyer who wants that life the most.

Creates an Emotional Bond

When potential buyers tour your house and they see your wine collection in your personal wine cellar, they may feel like they know a little bit about you that they wouldn't have known otherwise. Without them realizing it, they have established an emotional bond with you, and by extension, with they house. They will will remember your house because of this connection, and it may just be the factor that puts your house on top of their list.

May Become Necessary

As your house continues to appreciate over time, it will eventually pass a price point at which it will be almost necessary to have a wine cellar. In some markets, people expect there to be unique aspects to the houses they see, and a wine cellar will be expected to be one of them. You may want to go ahead and install a wine cellar to prepare for the day when your house reaches this price point.

Indicates the House Is in Good Condition

The presence of a wine cellar in a house is an indication that the property is in good condition because a house that has a wine cellar is unlikely to be a fixer-upper. Since wine cellars have only recently become in demand, buyers can safely assume that a house has been recently renovated to include a wine cellar, which logically means that the entire house has likely been kept up or even fully remodeled.

Reasons Wine Cellars Are in Demand

Wine Is Increasing in Popularity

The main reason why wine cellars in houses are in demand with high-end home buyers is because wine is becoming the alcoholic beverage of choice for this demographic. People who have become wine aficionados not only want their own wine on hand to drink whenever they want a glass, but they also want to be able to choose the wine they consume. A wine cellar allows them to store their favorites until they're ready to drink them.

A recent survey found that among buyers with incomes over $150,000 per year, 31% of them want a wine cellar in their house. This just goes to prove the claim that wine cellars are now more popular house features than home theaters. In fact, wine cellars are also passing home gyms in popularity, which really shows how important wine has become to high-end home owners. Plus, wine cellars are simply more elegant home features than gyms or theaters.

Makes Use of an Otherwise Unusable Space

Another reason why people are putting wine cellars in their homes is because they can turn an unusable or underutilized space into a wine cellar with a little renovation. Small spaces that can't be used for much else can be completely transformed into modern wine cellars. For instance, mud rooms, storage areas, even large closets can be turned into a well-used wine cellar, adding value to the house that wouldn't otherwise be there.

Home Buyers are Looking for Customization

People who are in a high income bracket are not looking for cookie cutter houses. They want their new home to have unique features that aren't a part of every other house on the block. A swimming pool is nice, as is a home gym or theater, but those amenities are going to be common in houses at a certain price point or above. A wine cellar, though, is a unique aspect that not every house is going to have.

Putting a wine cellar in your house can transform your property into a highly in-demand commodity if you ever decide to sell. In fact, it could even spur a bidding war among wine collectors or aficionados. Contact Wine Cooler Plus today to see how we can help you easily add a wine cellar to your house.