Does a bar in the basement add value?
Having designated areas that make that easier, such as a patio, grill or outdoor kitchen, finished basement, or a wet bar can make your home much more enjoyable. In some markets, having a space like a wet bar that makes entertaining simple can add to the value of your home.
Why do basements have bars?
Believe it or not, the basement bars that you recognize from the ’70s trace their roots all the way back to the Victorian Era’s tea carts. These carts, handy for parlor socializing, later evolved into what we know today as the bar cart.
What is a good size for a basement bar?
Countertop/bar: The standard height and depth of a bar counter is 42” from the floor and 24” deep. Don’t try to go too much wider than 16-20” wide on your bar top (which includes the overhand) or you’ll have trouble passing drinks over.
What are bars in homes called?
Home bars, also known as wet bars, are built to have fun and enjoy drinks with friends and family without leaving the comfort of home. Home bars could be built in any place or area in the house whether it’s in the kitchen or basement.
How much does it cost to put a bar in a basement?
The cost of adding a bar to a basement ranges from $500 to $20,000 or more.
How much does it cost to build a small bar?
In order to open a bar, you should be ready to spend between $125,000 and $850,000 on average. If you are thinking about purchasing an already established bat, it will be cheaper – as little as $25,000. There are certain factors that determine the cost of building and opening a bar, including its size and location.
How much does it cost to build a basement bar?
What do I need for a basement bar?
Here are six must-haves for designing the perfect bar for entertaining in your home.
- Storage. Every basement bar starts with some type of storage.
- Refrigeration. A small bar refrigerator is great space for keeping beer and mixers cold.
- Fireplace. Create ambiance with a fireplace near the bar.
- A Large TV.
- Water.
- Barware.
How much room do you need behind a basement bar?
Walking space behind the bar should be 3′ wide minimum. Front bar width will be either be 2′-10″ or 3′-6″ depending on either a 1 or 2 tier bar. Bar stool area should be at least a 3′ area to move bar stools in and out.
What is mini bar at home called?
Also known as a Murphy-style home bar, a folding bar helps you make the best use of your square footage.
What is a whet bar?
a bar for mixing drinks that has a sink with running water.
Does a bar increase home value?
This unique addition could also boost your home’s value
Expanding on the conversation piece aspect, a wet bar is exactly the kind of bell and whistle that many modern home buyers are looking for.
How much does it cost to add a basement bar?
Does finishing a basement increase home value?
In the United States, on average, finishing a basement will give you a return of 70 to 75% of your investment. For example, if you spent $1,000 on improvements, it would increase the value of the property by about $700. If you spent $10,000 on improvements, it would increase the value of the property by about $7,000.
How do you set up a mini bar?
Very Entertaining: How To Set Up A Home Bar – YouTube
What does a mini bar mean?
mini·bar ˈmi-nē-ˌbär. : a small refrigerator in a hotel room that is stocked with especially alcoholic beverages and snacks for guests.
How do mini bars work?
The hotel staff fill it with drinks and snacks for the guest to purchase during their stay. It is stocked with a precise inventory of goods, with a price list. The guest is charged for goods consumed when checking out of the hotel.
What is a dry bar in a house?
It’s an area within your home, typically with a large counter or bar, where you can prepare drinks and store your various types of liquors, drinks, and mixers. A wet-bar is what it sounds like. Essentially, a wet-bar has a sink with running water. A dry bar only has a place where you can prepare drinks and no sink.
Why is it called a wet bar?
1. Sink: A wet bar is called as such because it has a sink with running water. A dry bar will not have a sink, but will still be used for making drinks and include all the necessary tools. 2.
What adds the most value to a house?
What Home Improvements Add the Most Value?
- Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start.
- Bathrooms Improvements. Updated bathrooms are key for adding value to your home.
- Lighting Improvements.
- Energy Efficiency Improvements.
- Curb Appeal Improvements.
How much does it cost to build a mini bar?
Home Bar Costs
Custom work runs $5,000 to $20,000. Premade units run from $800 to $6,000, not including plumbing, outlets or lighting. Labor and design fees range from $200 to $8,000.
What adds the most value when finishing a basement?
The appraised value of finished basement space is generally 50% to 60% of the value of the main level square footage. To maximize the cost/value ratio, the market experts recommend keeping the basement budget below 10% of the existing home’s value. Staying between 5-10% is a good plan.
Why do people not finish basement?
Use As Storage
Some families prefer using the basement as a storage space for unused devices or nostalgic items that can’t be thrown away just yet. A basement used as a storage space does not need to be complete as the space won’t have as much traffic as other areas.
What goes in a mini bar?
The minibar is commonly stocked with small bottles of alcoholic beverages, juice, bottled water, and soft drinks. There may also be candy, cookies, crackers, and other small snacks.
Do it yourself bar ideas?
Here are some easy DIY bar ideas:
- A bar cart that can be moved between rooms.
- Outdoor pallet bar.
- Make a bar out of a kitchen island kit.
- Turn shelving into a bar.
- Turn an old cabinet into a bar station.
- Change a vintage suitcase into a bar.
- Repurpose old furniture, such as a chair into a bar.