A storm shelter is an investment in and of itself not only of the money to fabricate and install it, but the time needed to make sure you choose the right one for you. Therefore, when you put that much time and money into such an investment and consider moving, it is hard to think about leaving your investment behind.
Although you may want to move your shelter with you when you sell your home, the resale value of your home may make keeping the shelter there a serious consideration.
Take a look at what professional real estate agents have to say about leaving your shelter in your home after you sell it and what to do if you decide you just can’t leave it behind.
Storm Shelters and Home Resale Value
Just as the price of a storm shelter can vary widely, its value as it pertains to your home’s equity can vary, too. Some ways a storm shelter can have a positive impact on your home’s resale value include:
- Stand out from competition
- Makes home more desirable to some buyers
- Unique feature that may not be common in your area
In addition to the general idea of shelters having a positive impact on resale value, there is quantifiable evidence that supports this idea.
In 2005, Dr. Kevin M. Simmons of Austin College conducted a study of residential sales data for homes in Oklahoma County, OK using Tax Assessor Data and a state inventory of shelters installed.
In total, 13,641 shelters included in this dataset indicated an increase in the home’s sales price by about 3 ½ percent on average in the years following the study, which represented a $4200 average premium.
Not only are there intangible benefits to having a storm shelter installed, but actual evidence exists that adding one to your home can add value!
How to Bring Your Storm Shelter to Your Next Home
If you decide to sell your home but bring your shelter with you, then be prepared! Talk to your shelter provider and see if they can help you move it to your next home.
If you have a concrete slab or indoor space like a garage in your new home, an above ground shelter can be installed and anchored safely there for your protection. All you need to do is worry about packing up and moving everything else to your new place!
How to Leave Your Shelter Behind for the Next Homeowner
If you’ve decided to leave your shelter for the next homeowner, there are a few things you should make sure they know about the shelter.
- How to operate it – If your shelter came with instructions or a manual, make sure you leave a copy behind for them.
- How to access it – Shelters may come with a key to secure them when not in use. Be sure they receive the key and other copies you may have of it.
- Any specifications or capacity information – There is a chance the next homeowner has not owned a shelter before and may not be aware that it will only be able to fit a specific number of people. Make sure they have that information for their own safety and the safety of other occupants.
- Who to contact for repairs or warranties – Your shelter installer is likely the point of contact should the homeowner need to discuss the warranty or other needs, but if you have different information for that, make sure to leave them a copy of it so they are aware for future use. They may not need it, but it would be good to have on hand just in case!
Contact Shelter Solutions of Arkansas
If you’ve decided to invest in a storm shelter, then you’ve come to the right place! Contact Shelter Solutions today to discuss a shelter install in your home.