this post was submitted on 16 Feb 2024
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I wish I could do original things with my gaff but you gotta be conservative because housing is a commodity.
If you're gonna go for the unusual, you have to fully commit to it. Don't stop halfway, because it's gonna be cringe. But if you go all the way, they will call it art, and they'll pay you multiple times over what you paid for it.
With art, there is an inverse relationship between the number of people who will buy it and how much they'll pay for it. Art everyone wants is cheap, niche art is expensive.
If you go full send, you can charge more if the stars align and you can find a buyer.
Well, to bring it back to the OP, the problem here is they clearly didn't go full send. It's definitely tacky, but not tacky enough. How about some gold fixtures and doorknobs? What's up with that hideous tiling behind the stove? Why is there a regular old ceiling light and not a friggin' Svarovski chandelier? Spend another 15 grand on those and you might find someone who's willing (and high enough) to pay you 20% over ask.
It's gonna be drug money, but they'll pay.
What I'm saying is that it's a tradeoff. The fuller the send, the harder it is to find a buyer, but the more they'll pay.
Conversely, the emptier(???) the send, the more buyers will be interested, but the less you can charge.
I think going tackier would let them charge more if they found a buyer, but it would make it even less likely to find a buyer. This is already a full enough send the they're struggling to find anyone interested, send it any harder and there would be no chance.
Yes, but that sorta implies that it's a linear relationship, which it likely isn't.
I'm thinking it's probably more like the uncanny valley, with a trough in the middle where your send is neither full enough nor standard enough to find ANY buyers at all. Then again, there were quite a few commenters here who said they love it so perhaps I'm wrong about that.
We're both just speculating here. I'd be interested if anyone has done any studies on this, I doubt it. Not really something useful for society.
I was basing my speculation off of the very little I've learned about the sale of art (paintings, etc) where art with a broad appeal doesn't go for much, but niche art will sell for much more if you can find a buyer. But I'm sure there are depths to that of which I'm completely unaware, and I'm sure it can't just be applied to home renos just like that. I just get a gut feeling that there are some parallels.
Well, yes. The Wikipedia article I linked does indeed say that this is a hypothesis, which means it hasn't been conclusively proven yet. But it does also list a number of reasons that lead to this hypothesis being proposed, and there's a long-ish paragraph on the research that has been done on it. But yes, as long as it's a hypothesis, it's still in the realm of speculation.
It seems however that your experience does somewhat back that up, judging by the "if you can find a buyer". Basically, what I'm saying is, that if depends on or determines whether an artwork falls into the uncanny valley. If you can find one, it was on the other side of it. If you can't, then it was in it.
Basically, picture the graph from that article, but instead of "human likeness", we label the x-axis "artistic appeal", and the y-axis "amount sold for". Get rid of the dotted line, and on the solid line we replace "stuffed animal" with "broad appeal" and "corpse" with "niche appeal that doesn't sell", and the far end of it we label "niche appeal that DOES sell" and place it much higher up, to where "healthy person" is. Hope that makes sense.
I'm pretty familiar with the uncanny valley, and I don't really think it applies to kitchens beyond as a metaphor. But then again, you could say the same about my relating it to the fine art market (and I cannot stress enough how little my expertise is in this regard lol).
Nothing with people IRL is ever a linear relationship so I imagine the truth is somewhere in-between lol
Like I said, it was just a speculation I had, because for me, this kitchen definitely falls into uncanny valley territory. A little more ooomph and it might have paid off, or a little less and it might have sold reasonably. But again, there were many commenters here who actually said they DID love it, so perhaps I'm wrong. But that's assuming they actually have enough money to actually buy it, which at least some of them admitted they don't.