Will someone pay $4,000 more for your home than your next door neighbor who does NOT have broadband!? We doubt it.
But aren't people living in the mountains a bunch of hermits that don't want to be that close to civilization? Actually wouldn't quick easy access through the internet save driving?
I sure wouldn't want to bet that the cost would be recovered by sales value. Broadband internet runs almost $100 a month. Looking at $2,000 you are basically facing twice the cost for internet over the next two years that valley city dwellers pay. Judge it by its current value to you.
Keller Williams Realty
I also think it will not add value to your home, but it would be nice to have and if you can afford it why not
BUYER CASH REBATE 50%-60% / SELLER DISCOUNT 50%
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Flavio Tejada, MBA-Finance, Realtor, Broker/Owner
I ask you this, will it improve your enjoyment of your home? How long do you plan on living there? If it will benefit you and you can afford the cost it may be the right choice, especially if you plan on living there for a while.
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In my estimation, it won't necessary add value to your home, but it wil resolve any obstacles that a buyer may have in making an offer on the property versus on offer on a similar property maybe located elsewhere.
As much as I'd love to say that you can forego the expense, truth is that selling homes in the mountains (if that is where this property is located) can always be a problem. Despite how "hot" the market is down here, the number of buyers actually willing to live in the mountains is quite a great deal smaller than it would be if the home were located in the valley or just at the foot of a mountain. Unlike those of us who live in the valley, getting utilities (from water to sewer to electricity and internet) all have to be more carefully considered especially if the area where the home is located is not near a main water line or doesn't have access to sewer or is not accessible for internet.
Anytime that you can address any obstacle that can or might impede any buyer from considering your home versus another property, it's money both well spent and used for you now and in the future.
So, for this question...yes, I do think it will help SELL your home, but as to value added, there may not be any value added when you finally want to sell.
Now to be specific about your home in the Santa Cruz Mountains...I too live in the SC Mtn's and when I have buyers looking to purchase in our area, the first question I ask is "do you need internet connectivity?" Based on the answer, I include or exclude properties. That being said, we all know that you can get satellite just about anywhere but it's not very good for someone who relies on having fast internet capability. So when it comes to the mountains, selling a home without internet could make it more difficult. Does having it add value to your home, probably not much if at all.
Hope this helps!
Feel free to contact me with any questions.
At your service,