Tiki Central / Home Tiki Bars / How does your tiki bar affect your house value?
Post #192253 by SoccerTiki on Thu, Oct 13, 2005 7:00 AM
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SoccerTiki
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Thu, Oct 13, 2005 7:00 AM
I've been in the Real Estate/Mortgage business in Southern California now for over 15 years.....I can definitely say that in all my experiences selling homes that the ones displaying any type of tasteful "Tiki" or Polynesian or Hawaiian theme will sell for generally about 50% more than other non-tiki homes. Also, in doing mortgages, the most important factor is the appraisal. I have witnessed the values on those "tikified" homes up over 40% than non-tikified homes. It seems that when I list a house that has at least 2 tikis in the backyard and one out front it will sell within a week and usually draws multiple offers and creates a bidding frenzy resulting in the house selling at least 25% over listing price! (Or did I dream this all up after 5 or 6 Mai Tais in my home tiki bar????)(Except the part about being in the business!) [ Edited by: SoccerTiki 2005-10-13 07:01 ] |