Mortgageable Electronics
Here is a collection of articles, photos, videos and calculators from HGTV's pro site which is geared to home builders. Interesting quote from the article on Mortgageable Electronics...
You can't simply go down to the electronics store and send the bill to your bank. "In order for a home theater to qualify, it has to be a dedicated room," he says. "The components have to be integrated, so that they'll still be a part of the house when you're ready to sell it."
While I am not sure that adding the cost of the electronics to a 30 year mortgage would be a good idea, I do agree that for a dedicated room built for home theater with specialize construction techniques, acoustical treatments, and high grade finish in terms of moulding and built-ins, it might make sense. You can't take it with you and it does increase the value of the home so adding it into the mortgage might make sense if the lender will allow it. The same could be said for structured wiring that is installed at the time of construction.
HGTVPro.com: Mortgageable Electronics
You can't simply go down to the electronics store and send the bill to your bank. "In order for a home theater to qualify, it has to be a dedicated room," he says. "The components have to be integrated, so that they'll still be a part of the house when you're ready to sell it."
While I am not sure that adding the cost of the electronics to a 30 year mortgage would be a good idea, I do agree that for a dedicated room built for home theater with specialize construction techniques, acoustical treatments, and high grade finish in terms of moulding and built-ins, it might make sense. You can't take it with you and it does increase the value of the home so adding it into the mortgage might make sense if the lender will allow it. The same could be said for structured wiring that is installed at the time of construction.
HGTVPro.com: Mortgageable Electronics
posted by Steve at 9:02 PM
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