Does A Fireplace Add Value To A Home?
There are lots of different reasons that could explain why you want to add a new fireplace to your home.
Whether you are upgrading an old fireplace, refreshing the design of a room, or adding a fireplace to a room where there wasn’t one before.
However, if your reason is to add value to your home, you might be left wondering if this is possible.
If you are looking to add value to your home, then adding a fireplace is just one of many ways that you might be able to do so.
In this article, we are going to explore whether or not a fireplace can add to the overall value of your home and look at how you can do this yourself.
Reasons Why A Fireplace Can Add Value to Your Home
The first and most obvious reason is that it will help to create a certain aesthetic that is desirable for a lot of people.
If you have people coming to view your gorgeous home and they like what they see, but they come into the living room only to find an ancient and tired-looking fireplace, it can have a big impact on their experience.
An unappealing fireplace can impact the overall value of your home as there are lots of people that are looking for the more modern vibe and aesthetic when they are house hunting.
A modern fireplace can boost the value and opinion of your home more than you might think.
It Can Be More Energy Efficient
Something that a lot of people would consider when viewing a house is the energy efficiency. This is another reason why adding a new fireplace can increase the value of your home.
Upgrading to a more modern and efficient fireplace could even move your Energy Performance certificate up a band. This could even add a few thousand to your sale price.
More green taxes are coming over the years, and having a green fireplace can only be an added bonus.
As well as efficient fireplaces helping to improve the overall value of your home, they can also help you to save money on heating bills.
Making A Room More Functional
Another way that adding a new fireplace to your home can help to increase its value is that it will make the room more functional.
Not only will you have an incredible focal point on the wall, but the room will have more of a purpose.
How Much Do Fireplaces Add To The Value Of A House?
Now that you are aware of some of the ways that adding a fireplace to a room can add to the value of your house, you might be left wondering just how much it will add. We are going to explain this for you below.
It is thought that adding a fireplace to your home can add 5% to the value of your house. While this may not seem like a big amount, when it is put into context with the overall value of the house, it is a larger amount than you might think.
Essentially, we are talking about adding thousands to your home with just one addition. So, adding a fireplace really can have a tremendous impact on the value of your home.
What Type of Fireplace Should I Add To My Home?
Now that you have decided to go ahead and add a fireplace to your home, you will need to think about the type of fireplace that you are going to get.
There are lots of different options to choose from, and each of them could increase the value of your home in a different way.
Solid Fuel Fireplaces
If you don’t already have an open solid fuel fireplace, then installing one could have a big impact on the overall value of your home.
Solid fuel fireplaces will offer you a traditional heat source that will usually sit on cast iron grates or baskets within a wide stone fireplace.
However, if you do not live in a home without a chimney, which is becoming more popular, or if your chimney has been blocked up, installing a fireplace could easily become an expensive task.
Not having a chimney means that you will need to have one built on top of the fireplace. There are also specific requirements that you will have to meet, which are important to be mindful of.
Gas fireplaces are actually some of the most flexible, diverse, and cost-effective fireplaces that you can get. So, if you are looking to install a new fireplace in your house, then gas might be a good choice.
You might not even need a chimney for some gas fireplaces, which could be a great choice for new-build homes that do not have functioning chimneys.
There are lots of different styles to choose from, depending on what you are looking for, and each of them will add to your home in their own way.
If you are looking for energy efficiency, then high efficiency gas fireplaces are the perfect option to choose.
The final option that we are going to talk about are electric fireplaces, which are only becoming more and more popular as time goes on.
If you don’t want to have to connect your fireplace to your gas supply, or you simply don’t have one, then an electric fireplace could be just what you need. They can offer an alternative way to add value to your home.
Electric fireplaces are also very flexible, and there are lots of different options to choose from, so you are bound to find something that suits your needs.
You could also go for an all in one solution and buy an electric fireplace suite, which will come complete with a surround and mantle.
There are many different styles and types to choose from, so be sure to shop around before making a decision. There are even more advanced versions that include handy technology like app-based controls, 5D displays, and more.