Does a Wine Cellar Increase Home Value? (Hint: Yes!)
eSommelier Discusses: Does a Wine Cellar Increase Home Value?
Does a wine cellar increase home value? When considering the value of a home, many people overlook one exciting feature: wine cellars! eSommelier explains how having a wine cellar can be more than just an investment in taste—but in the actual value of your home.
4 Benefits of Adding a Wine Cellar to Your Home
Added Visual Appeal
The first benefit of a wine cellar is the visual appeal it adds to your property. Quality-crafted cellars evoke luxury and sophistication. They also offer potential buyers an exciting place for entertaining guests and tasting fine wines.
Return on Investment
Beyond aesthetics, there are real financial benefits to owning a quality wine cellar. With proper maintenance, you can expect a return on investment of 15%-20% when selling your home. In fact, according to MarketWatch, homes with wine cellars can sell as much as 31% more than similar properties without them.
Keeps Your Collection Secured
Additionally, wine cellars are a great way to ensure your collection is well cared for. Due to the importance of proper temperature and humidity control in storing your bottles, many experts recommend investing in a climate-controlled cellar. Not only do these add value to your home, but they also protect your investment—ensuring that you can enjoy high-quality wines for years to come.
Potential Tax Deduction
Wine cellars can also be used as a tax deduction. For those with collections of vintage or rare wines, storing them in an appropriate cellar may qualify for depreciation expenses as long as the collection is valued over certain criteria and meets specific IRS guidelines.
Having a wine cellar can provide homeowners with both financial and aesthetic benefits. With proper care and maintenance, you'll surely see a return on investment when it comes time to sell your property. Whether you're looking for a place to store your collection or add some extra flair to your home—wine cellars offer something for everyone.
Choose eSommelier to Manage Your Collection
With over 5,000 happy collectors, 450,000 known wines in the database, and 18 years as a recognized world leader in wine inventory solutions, eSommelier is the optimal choice for managing your collection. Don’t waste time maintaining a wine spreadsheet. Our Private Cellar Management System is specifically designed for wine collectors seeking greater control over their cellar's organization. Shop now online or contact us today for more information.