Does a Wine Cellar Increase Home Value?
You’re considering selling your luxury home.
If your home is on a vineyard property, you may already have a gorgeous custom wine cellar. Or perhaps you’re considering investing in one.
You wonder, “Does a custom wine cellar increase home value?”
The short answer is — it depends.
Keep reading to learn:
- If you should add a wine cellar before selling; or
- How to insure you get the most value from your current wine cellar
Table of Contents
- Peggy Hoag: The Expertise, Authority, and Trust You Want When Buying or Selling Vineyard Properties
- Do Wine Cellars Add Value to a House?
- Should You Add a Home Wine Cellar to Your Property?
- 3 Reasons a Home Wine Cellar Can Add Value to Your Home for You and Future Buyers
- Hoag Real Estate: Exceeding Expectations When Buying or Selling Luxury Properties in Washington and Oregon
Peggy Hoag: The Expertise, Authority, and Trust You Want When Buying or Selling Vineyard Properties
If you’re buying or selling a vineyard property, you want an expert in vineyards and in wine.
If your luxury home already includes a wine cellar, you want to list with someone who knows the clientele who are looking for wine cellars. Otherwise, there’s no added value in having a wine cellar — no matter how extravagant this luxury amenity is.
Peggy Hoag knows and attracts people who:
- Want vineyards
- Drink wine
- Want a cellar
Not only does Peggy have extensive knowledge of the area’s vineyards and their rich histories (including changes in ownerships), she owns a vineyard and has a wine label herself. Sellers know they can trust her and her team’s expertise in the wine market.
If you want to attract buyers who drink wine and will value your wine cellar, contact Peggy Hoag agents today.
If you are buying a luxury home and dream of having your own wine cellar, Peggy’s trusted connection to sellers can help you find your dream vineyard estate with ease.
Do Wine Cellars Add Value to a House?
A wine cellar’s value depends on two things:
- The broker’s expertise in the market; and
- The buyer’s needs
You want a broker who knows wine and who knows buyers who drink wine. Otherwise, wine cellars are of little value to a buyer who doesn’t appreciate or collect wine.
When a Wine Cellar Can Add Value to a Home
Are you a wine connoisseur? Or just love collecting and showing your wine?
If so, then a home with a wine cellar (or space for a custom wine cellar) can significantly add value to a home.
If you’re selling your home with a wine cellar, then you’ll want to attract buyers who will find value in having a home wine cellar.
When a Wine Cellar May Not Add Value to a Home
A wine cellar is an investment — a luxury to have in a home. Why would anyone not want a home with a wine cellar?
While a wine cellar would be a dream for some, it is a wasted space for others. Although many people drink and enjoy wine, they often don’t have enough bottles to need a wine cellar.
A family with small children may rather have a large playroom or a home theater. Or a buyer might want a man cave or a cigar room. To these buyers, a wine cellar could decrease the home’s value.
As a seller, you don’t want to waste time having your beautiful home toured by buyers who don’t find value in your home wine storage cellar. It’s important to choose a broker who is knowledgeable in wine and who attracts buyers in that market.
Peggy Hoag agents know the area’s vineyards. They know and attract buyers looking for wine cellars. Let our agents work for you to find a buyer who will appreciate the value in having a wine cellar or to help you find the perfect vineyard property to call home.
Should You Add a Home Wine Cellar to Your Property?
Yes — and no.
If you plan on selling soon, you should not spend the money to add a wine cellar. The population of buyers who value a wine cellar is low — it’s a specific hobby for a particular buyer.
Buyers who are looking for a wine cellar will be content if there is a good space to add a custom home wine cellar.
This allows those who love your home but wouldn’t need a wine cellar to imagine what else the space could become and for those who do want a wine cellar to create a custom cellar for their collection.
However, if you plan on staying in your home for a while before and you dream of showing off your wine collection to your friends, then adding a wine cellar may be a good idea.
A New Trend: A Wine Room vs. a Wine Cellar
Having a wine cellar represents luxury. Going to your collection and choosing the perfect bottle for entertaining is thrilling.
But what if you could entertain and tout your collection in the same space? Your wine becomes art — a showstopper.
A wine room allows you to store your wine in the same space as you entertain. This can serve as a major selling point to buyers, offering that Wow! factor.
3 Reasons a Home Wine Cellar Can Add Value to Your Home for You and Future Buyers
#1: Wine Is Popular
For those who enjoy luxury living, wine is often the alcoholic beverage of choice.
If you consider yourself a wine connoisseur, then you want to have wine on hand to drink whenever you want a glass or when you want to entertain. A wine cellar allows you to store your favorites — ensuring you are always ready for celebration or as a much-needed end to the day.
Buyers who also appreciate the beauty of a wine collection will see a wine cellar as a high-end added value to a home.
#2: Homeowners Want to Customize Their Space
Luxury homes are not usually found in cookie-cutter subdivisions.
Homeowners in this income bracket want unique features for their home. A wine cellar is a great way to add a luxury element to your home that transforms your home and impresses your guests.
A custom wine cellar will be of high value to wine collectors or aficionados looking to purchase a luxury home.
#3: Wine Cellars Make Good Use of Space
If you have an unused space in your home and you have an appreciation for wine, turning that space into a wine cellar can add value for you and your lifestyle.
Even smaller spaces such as …
- Mud rooms
- Storage areas; and
- Large closets
… can be turned into smaller-scaled wine cellars.
For the right buyers, this adds more value to your home where there was once underutilized space. They can better picture themselves using the space in the same way.
Hoag Real Estate: Exceeding Expectations When Buying or Selling Luxury Properties in Washington and Oregon
An experienced realtor who knows vineyards, wine, and the market can make all the difference in the …
- Ease
- Convenience; and
- Success
… of your home listing or search.
Peggy Hoag agents are premier luxury home agents in Washington and Oregon.
We regularly deal with luxury and niche market homes, including homes with wine cellars. Whether you’re selling your home or looking to buy a home with a wine cellar, our expertise in the area makes your real estate experience a dream.
Contact us today.