According to the Washington Post (www.washingtonpost.com), the newest amenity to hit the luxury home market is the wine cellar. The average cellar holds about 1,000 bottles of the good stuff, but increasing demand means some home owners and builders are building bigger and better cellars, sometimes for upwards of $100,000.
Baby boomers are entering retirement and many have been collecting bottles for years, so much of the demand comes from them. However, the younger sets who can afford upscale homes (4,000+ square feet) want to outfit those properties with all the amenities possible.
Even in the shaky real estate market, home owners are continuing to build these high-end improvements, partially with the belief that the cellar will ultimately increase the value of their home. Cheers!
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