My husband and I just bought a home in New Jersey that has a finished basement. I think basements are better as guest rooms, but he is thinking game room with a wet bar. I think a wet bar near our dining room would add more value to our home. How much will adding a wet bar cost and do basement bars get a better return on investment than wet bars elsewhere in the home?
Debbie M. ~ Bergen, New Jersey
First, lets address the issue concerning the location of a wet bar. Whenever you add a feature to a home the return on investment is a gamble. Kitchens and bathrooms typically provide the best for return on investment. Wet bars are a nice feature but they are probably not going to return any more than you paid regardless of the location. Wet bars are an expensive addition especially in a basement if you have to install a pump system to get the wastewater up and out to the main sewer line. By the time you add a wet bar with the hot and cold water hook ups, drain and vent (if you have to vent through the roof) you could almost add another half bath to your home.
The cost of installing a wet bar is going to depend largely on to what you intend to trim it out with. Is it going to be installed in custom cabinetry with granite countertops, tumbled glass backsplash and a built in under counter wine fridge. Or is it going to be a no frills sink in a off the shelf cabinet and countertop. For something basic starting from scratch you can count on spending $3500 for a basic wet bar and go up from there. I hope this helps.