Celebrity homes are a bright slice of the high-end real-estate market well beyond Hollywood. And for stars with money and imagination to spare, unique or quirky add-ons are routine. Neverland Ranch, the late Michael Jackson’s former Southern California ode to childhood — amusement park, bumper cars and all — is not alone as an example of personalized architectural opulence.
According to real estate expert and author Michael Corbett, who hosts “Mansions and Millionaires” on NBC’s “Extra,” quirky add-ons don’t necessarily make homes more valuable to potential buyers, especially if those quirks — say, a boxing ring, or a $70,000 wall of candy — limit the field of those interested. A celebrity name attached, though, does help.
“The rule of thumb is that celebrity homes don’t necessarily sell because they’re celebrity homes,” Corbett says. “Yet celebrities definitely increase marketability of a property. That increases the speed of the sale and sometimes the value of the property because of the marketability.”
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