When you spend as much time keeping tabs on the real estate industry and rental market as we do, you can’t help but notice some trends. And one thing that seems to pop up each and every week is a story about a celebrity (or a former pairing of celebrities, in some instances) selling his or her home. Not that it’s in this blogger’s budget, but it got us at Rocket Lease thinking: what would it be like to buy a house that used to have a high profile owner? Would you do it? Let’s take a second to think about the pros and cons of buying a celebrity home.
Readily Available Aerial Photos
If you’re lucky enough to buy a home that was featured in celebrity arrest, the likelihood of finding pictures of it online that were shot from a helicopter are extremely high. These types of photos can come in handy when trying to arrange furniture or figure out the best escape routes should those cops ever come for you.
Mistakenly Receiving Their Mail & Unsolicited Scripts
It’s always annoying to get someone else’s mail after you move in to a new home, but it’s even more annoying when that mail consists of autograph requests and scripts for the next great indie comedy that you will definitely love if you just read it! You could consider the endless supply of scrap paper to be a pro, but you probably don’t.
Unless they’re the weird kind of celebrity that prefers to hole up in Wyoming when they’re not on set, most celebrities live in close proximity to their celebrity brethren. This might be great if you like hobnobbing and namedropping, but it might be awful if you have to cope with TMZ photogs and Lindsey Lohan walks of shame. Plus your neighborly disputes might end up somewhere a little more visible than the neighborhood ledger.
But What About the Money?
Most people do agree that the celebrity factor can help a house fetch a higher price. While this isn’t necessarily a selling point when you’re looking to buy, it’s always something you could mention if you decide to rent the house out, like Meg Ryan did with her home, for something like $40,000 A MONTH. We can only imagine that those renters went through a credit check or two.
What do you think? Would you buy or rent a house where a celebrity used to lay her head?