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The Water Cooler
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Underground tornado shelter
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<blockquote data-quote="Tom&#039;s Thumb" data-source="post: 1536924" data-attributes="member: 4089"><p>As a former realtor, my experience is that it does not. It may add to the attractiveness of a home but it does not add to the value of the home. It's like putting mag wheels on your car. They dress it up but the value doesn't change.</p><p></p><p>A home's value is determined by square footage and what surrounding houses have sold for recently. That's it. The prospective client looks at the square footage and the price per square foot relative to neighboring houses.</p><p></p><p>I've seen houses sit on the market for years because their owners were trying to recover their upgrades. The market just doesn't work like that.</p><p></p><p>I actually looked at a house for myself that had a tornado shelter underground. The shelter was full of water. Given our soil here (very, very clayey), is that a problem?</p></blockquote><p></p>
[QUOTE="Tom's Thumb, post: 1536924, member: 4089"] As a former realtor, my experience is that it does not. It may add to the attractiveness of a home but it does not add to the value of the home. It's like putting mag wheels on your car. They dress it up but the value doesn't change. A home's value is determined by square footage and what surrounding houses have sold for recently. That's it. The prospective client looks at the square footage and the price per square foot relative to neighboring houses. I've seen houses sit on the market for years because their owners were trying to recover their upgrades. The market just doesn't work like that. I actually looked at a house for myself that had a tornado shelter underground. The shelter was full of water. Given our soil here (very, very clayey), is that a problem? [/QUOTE]
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