In a way, it does boost a home's value by about a few percent because converted spaces that transformed into home theaters make up a luxury section of the house. That's because some buyers value their entertainment time at home and would like to have a ready space for it.
Home Theater Room Addition Costs
|Media center: speakers, projection system.||$500-$666.67 each||$1,500 to $2,000.01|
|Labor Cost (electrician)||$64 per hour||$1,536|
|Labor Cost (carpenter)||$60-$65||$480-$2,080|
Increase your home value
You may not be planning to sell your house for many years, but installing a custom home cinema will add value to your home. If you build a new attachment to accommodate it, it won't remove any current space, instantly adding value.
Have you heard the terms Home Theater and Media Room and wondered, “What is the difference?” The primary difference is that a home theater is a dedicated room for TV and movie viewing, while a media room is somewhat less specialized.
Designers recommend a minimum area of 10 x 16 feet for a media room. The size of your screen and its resolution affect the ideal distance needed between viewer and screen to get an immersive effect similar to a theater, while still allowing viewers to see most of the screen without moving their heads.
Home theater systems are definitely worth the time and money if you enjoy experiencing media in the best quality possible in your own home. You can spend as much time and money building a home theater as you want, but the more you put in the more you get out. Realistically, it'll be worth the investment.
The national average cost of a home theater is $2,000 to $33,000. This includes the price of your home theater system (sound system, TV, wiring, etc.), seating, lighting, and home theater installation from a qualified professional.
According to Audio Advice, the average cost of a design and installation service is $30,000 with a range spanning from $10,000 up to $50,000. A good quality home theater design service will provide everything from equipment advice and electrical installation to soundproofing and riser construction.
The national average materials cost to install ceiling speakers is $90.45 per speaker, with a range between $53.48 to $127.42. The total price for labor and materials per speaker is $276.12, coming in between $196.66 to $355.59. A typical 6 speaker project costs $1,656.74, with a range of $1,179.94 to $2,133.55.
Ten of the best ways to add value to your home
Think about knocking down a couple of walls. The study found that homes with open floor plans appreciate 7.4 percent a year. Other value-boosting home features include an outdoor patio, hardwood floors, and a fireplace. Modern and contemporary-style homes also do better than older, more traditional architecture.
The Benefits of an Open Floor Plan
Make spaces appear larger – Especially good for smaller homes, open concept floor plans can make small areas feel much larger than they actually are. ... Increase resale value – Open floor plans are very popular and having one can boost the value of your home when it comes time to sell.