NEW YORK (MainStreet) — Any long-suffering spouse knows the drill: It's Sunday afternoon and the game is on. After the chores are done the men in the family head downstairs, beer and chips in tow, to their "man caves" to spend the rest of the afternoon.
We'll leave the cultural impact of man caves to the sociologists, but from a financial point of view, a man cave actually improves the value of your home, according to Stephanie Rauterkus, Ph.D., professor of accounting and finance at the University of Alabama School of Business.
“As long as you don’t make it too specific, there tends to be a resale market for man caves,” she said in a press release.
Rauterkus notes that rec rooms that get too personal – and too passionate toward one sports team or city – can turn some people off. After all, a man cave adorned with Boston Red Sox plaques, prints and paraphernalia would like likely turn off a homebuyer from Brooklyn or the Bronx.
“For ours I didn’t want to put a [University of Cincinnati] Bearcat claw on one wall, because even though it’s just paint, somebody who is not a Cincinnati fan may go ‘Uggggghhh, I gotta paint and do this and that’,” Rauterkus said. “Plus, down here even if you go Alabama or Auburn you have a 50/50 chance of having a team that turns somebody off of buying your house.”
The key, Rauterkus says, is to “do it in a way that doesn’t get you into too much financial trouble. Don’t go crazy with it.”
Here are three simple rules to make room for a man cave in a way that boosts your home’s value: