Does a Storm Shelter Increase Home Value?

If you are considering adding a storm shelter to your home, you probably want to know if this can increase your home’s value. This is a common question as homeowners are always considering the value of their home and how they can add to it.

A storm shelter is something that most homeowners have considered adding to their home at some point. It has many benefits and can provide security that nothing else can for your home and family.

But will a storm shelter add value to your home, or could it potentially take away value? Is it worth the investment, or will you end up losing money through this project?

Keep reading to find out whether or not a storm shelter will increase the value of your home.

Does Adding a Storm Shelter Add Value to Your Home?

Adding a storm shelter to your home comes with many benefits that are great for you and your family. Besides providing safety, a storm shelter can also improve the value of your home and make it more valuable to buyers.

Real estate agents even estimate that a storm shelter could add as much as $2,000 in value to your home if you ever decided to resell. This is because people look at a storm shelter as nothing but a positive.

You aren’t going to find any potential buyer saying that the addition of a storm shelter is a downside because no one thinks that way. A storm shelter is an obvious positive and something that anyone could appreciate.

This is why adding a storm shelter to your home is going to be something that can raise the value. Not only will it give you more security, but it will also add value and help you to get back what you invest into it.

This is a great decision, whether you plan on selling your home or not. Either way, having a storm shelter is a good idea to better protect your loved ones, especially if you live in an area with dangerous weather seasons.

Is a Storm Shelter a Good Investment?

A storm shelter is a good investment for many reasons and can be a fantastic addition to your home. The biggest benefit to having a storm shelter added to your home is the security it brings.

You just can’t put a price on the ability to keep your family safe in times when your home is not the safest place to be. In severe weather instances, you may not have time to escape somewhere, so a storm shelter is the safest option.

This allows you to put all of your family and pets in a safe place that is right on your property. This is also a great way to help out neighbors who may not have a storm shelter of their own.

That is the most obvious reason why getting a storm shelter is a good investment, though it is also a good financial investment. If you are careful about the type of storm shelter you get, you could end up getting your money back or making more money from your shelter.

This is because storm shelters add value to your home and can help you to sell it at a greater price than you could originally. This allows you to make a profit off of something that still was very useful to you.

You may not always get your money back, but it can help to cover the costs while still giving you the other benefits of having a storm shelter.

How Much Does It Cost to Build a Storm Shelter?

There are all kinds of different storm shelters that you can have added to your home. Like anything, they all have their own price tag as well as the benefits and upsides to making that choice in shelter options.

The general cost that you would expect to pay for any kind of storm shelter is between $3,000 to $30,000. The amount you will end up paying will depend on the type of storm shelter, the season you have it installed, and many other factors.

A garage storm shelter can cost as little as $3,000 or as much as $9,000, this makes it one of the more affordable options. While an underground storm shelter can cost between $4,000 and $30,000.

Above ground, shelters can cost up to $15,000 but can be significantly lower depending on different factors. It’s important to mention that the time of year that you have your storm shelter installed can make a huge difference in price.

If you are going to hire someone else to build it, don’t wait until right before tornado season. This will result in much higher prices for materials and labor as this is when everyone else is jumping to add storm shelters to their home.

Try to get this done ahead of time so that you can save yourself some money and stress.

Why Would Someone Get a Storm Shelter for Their Home?

If you are considering getting a storm shelter for your home, you may be wondering why people choose this option. What are the most common reasons behind people having storm shelters added to their homes?

This is important as you want to know why you should get a storm shelter and if it could be a necessity for you. Not everyone needs a storm shelter, but if you do need one, it should be looked at as a necessity, not just another project.

Keep reading to find out why other people choose to get storm shelters added to their homes.

Safety

The most obvious reason why anyone would decide to have a storm shelter added to their home is for safety reasons. This is especially common in areas of the world that experience more natural disasters like earthquakes, tornados, and hurricanes.

Though many places could benefit from having more storm shelters even if extreme weather is not common. It never hurts to be prepared and to have a backup plan in the process where there is a need for a storm shelter.

This is the perfect option for protecting your family and loved ones as well as family pets. In many instances, a storm shelter is your best option, especially when you do not have the time to go somewhere safer.

Accessibility

While people used to shy away from having storm shelters added to their homes, there are far more options to choose from now. You don’t have to just get an underground shelter anymore, there are several different options to choose from.

Underground shelters have always had accessibility issues as they can be hard to get to for certain people. They are also at risk of being flooded or trapping you inside where there is debris on the exit.

Now, there are far more options to choose from that are not only more convenient and accessible, but they are also even safer. This is one reason why more people are taking the leap to have a storm shelter added to their homes.

You can have an above-ground shelter made or even a shelter in your basement to help cut back on costs. All of these options are just as good as an underground shelter if not better.

Versatility

Storm shelters are areas on your property that can do so much more than you might first think. They are very handy to have around and offer all kinds of security that your home does not have.

You can use a storm shelter as a kind of panic room if an intruder were to enter your home. It can be a safe place for your children to go to wherever they ever find themselves in danger.

Storm shelters can also be used as a place to store your valuables that otherwise might not be safe in your home. Though you should avoid storing much stuff in your storm shelter, a few valuables wouldn’t hurt anything.

You could store hold or silver coins here as well as jewelry that might be daily heirlooms or other valuable items. No one would think to check your storm shelter, especially if it is well hidden on your property.

You can also use your storm shelter to store away some survival supplies and dry foods. You should avoid adding too much to your shelter, but it is a good idea to have some basic necessities in there.

Do Storm Shelters Add Value to Homes?

Adding a storm shelter to your home is a great way to add value to your property and make it more appealing to buyers. In fact, many real estate agents have estimated that a storm shelter could even add as much as $2,000 in value to your home.

Not only does a storm shelter add financial value to your home, but it is also just a smart move to make. This adds extra security and protection for your family, ensuring that you have a safe place to go no matter what is happening.

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