Home Bars & Property Values

Having a home bar can potentially increase the value of your property, but it depends on a variety of factors such as the quality of the bar, the materials used, and the location of the property.

More often than not, adding home improvements with usable square footage or that improve the livability of a property tend to increase its value. Our blog will run through the potential pros and cons of adding a home bar to your property.

Design and Attraction of Home Bars

A well-designed and high-quality home bar can be an attractive feature for potential buyers, especially those who enjoy entertaining at home. However, if the home bar is poorly designed or takes up too much space, it could actually detract from the value of the property.

For example, if a home bar is a unique and luxurious addition to a home, it may increase the perceived value of the property, and can attract potential buyers if it fits the overall aesthetic of the home.

Property Location and Home Bars

In addition, the location of the property can also impact the value of a home bar. In some areas, having a home bar may be more common or desirable, while in other areas, it may not be as popular. It's important to consider the local market and the preferences of potential buyers when planning a home bar.

We recommend conducting your own research, speaking to local estate agents or those in the housing sector, to understand how location and home bars could marry. 

The Popularity of Home Bars

With lockdowns, home bars rocketed in popularity. 62% of home-bartenders became more adventurous with their drink choices as a result (Clink, 2022) - and according to Rated People, home bars are becoming a bigger priority than a new kitchen for properties. 

Overall, having a well-designed and functional home bar can potentially increase the value of your property, but it's important to consider all the factors and ensure that the bar fits in well with the overall design and style of your home.

If you need help with the planning and design of your home bar, get in touch with Luxury Home Bars. We have plenty of solutions for luxurious, high-standard home bars. Find out more here!