Do You Need A Home Theatre?
I keep reading articles about issues with the affordability of Australian houses. . . . . but then find lot’s of you want a ‘Media Room’ in your new houses!
So how much is a basic Home Theatre going to add to the cost of your new house?
Room size if you are going to get a big screen tv say 75″ or a projector the experts say you really need to be around 3m away from the screen.
That means you are talking about a 4m x 4m room.
At ‘say’ $1,500/m2 the room alone is going to cost you around $24,000.
Again looking at a fairly basic system I have allowed the following:
- $6,000 – TV and sound system, cabling, etc
- $3,000 – Furniture, carpets, and lighting.
Of course if you really want to go to town you could spend Millions!
So your basic home theatre is going to cost around $31,000!
Assuming you borrow the money the payments, at a long term average of 7% over 25 years, amounts to:
- $54 per week.
- $240 pr month.
- $2,880 per year.
- or $72,000 over the full term.
Don’t forget all this is going to be in addition to a large TV in the family room, and probably another couple of TVs around the house!
Well it’s up to you but, I’ve got to 60 and don’t feel that I have missed out by not having a home theatre.
In fact instead of over committing on houses I was able to put more into my Super means I am now semi retired!
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