Close your eyes and imagine sitting in the perfect living room. What kind of couch are you sitting on? Is there a TV? Bookshelf? Fireplace? What do you smell and hear? Does this feel like a cozy space?
When homeowners browse through homes on the market, many look for valuable features that make the house worth turning into their home. Current homeowners looking to sell their homes are also considering what they can invest in to increase the house’s value. This consideration leads many to the question—does a fireplace increase a home’s resale value?
Keep reading to see if your home could benefit from the cozy aesthetic of a fireplace.
Can a Fireplace Add Value To Your Home?
Just like installing natural hardwood floors can add value to your home, so can a fireplace. Fireplaces are functional and keep your home warm while also being an aesthetically pleasing element to look at and gather around. Often, this element instantly becomes the focal point of any room you place them in and is a feature homeowners look for when buying a home.
How Does a Fireplace Add Value To Your Home?
Aside from increasing the resale value of your home, there are several redeeming and valuable traits to owning a fireplace. The primary function of a fireplace is to heat your home, but it can also create a cozy ambiance that many homeowners try to recreate with their decor. If this doesn’t scream, “I add value,” then we’re not sure what does.
How Much Value Can a Fireplace Add To Your Home?
When homeowners install a new fireplace in their current home, they will more likely recover 100% of their investment after selling their house. A fireplace can increase a home’s resale value by up to 10%! That’s worth the investment—especially when potential homebuyers seek this feature.
What Type of Fireplace Should You Add To Your Home?
While all fireplaces add value to a home, some seek a certain type more than others; and some are more affordable and easier to install! Gas fireplaces are among the most popular because they’re one of the safest types, require little maintenance, and are efficient. However, it’s important to note that if you already have this fireplace and you’re planning on selling your home, you must contact a gas fireplace repair service to inspect or repair any damage to the appliance to ensure a return on your investment.
Now that you’ve warmed up to the idea of fireplaces, don’t get cold feet over the decision to install one; it’s going to increase the value of your house. What homeowner doesn’t want the ambiance and tranquility of a crackling hearth? If you’re looking for ways to increase your home’s value, don’t hesitate to install a fireplace!