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Fireplace Addition: Does It Increase Home Value?

Fireplaces are a welcome addition to most homes and can provide countless hours of warmth and comfort. But does adding a fireplace actually increase your home’s value? Here are some of the pros and cons of adding a fireplace to your home.

Adding a fireplace has many benefits. It can serve as both a beautiful aesthetic enhancement and a practical source of warmth. Fireplaces also have the ability to create a unique focal point within the home. Investing in the right design and style of fireplace can add desirable features and increase the overall value of the property.

The downsides of adding a fireplace are that it is a costly endeavor with many potential pitfalls. Finding a contractor who can professionally install the fireplace as well as run any necessary gas lines or venting can be a challenge. Additionally, if done incorrectly or by an inexperienced contractor it can be a useless and expensive mistake.

Focal Point or Expensive Folly?

Adding a fireplace can be an important feature for potential buyers when selling a home. It can bring a sense of nostalgia and joy into a home, and many people would appreciate a home that already has a fireplace. However, if done improperly, buyers may shy away from the house entirely, due to the fact that replacing a fireplace is costly and time-consuming.

It’s important to consider how adding a fireplace will affect the home value in the long run. Be sure to compare between professional installation and doing it yourself to ensure you’re getting the most value out of the new fireplace. Consider the local market as well, since having a fireplace is a plus in some areas but not as beneficial in others.

Types & Styles of Fireplaces

The type of fireplace that’s best for your home depends on the space available, and the design style you’re looking to achieve. Wood burning fireplaces, for instance, are good for traditional homes and will require regular maintenance. Gas fireplaces, on the other hand, require less maintenance and can be used in contemporary homes. There are also electric fireplaces that don’t require any built-in venting and are easy to install.

Following the style of your home, fireplaces come in all types of sizes, colors, and materials. Brick and stone are typically the go-to material for fireplaces, but tile, metal, glass, or other materials can also work. Electric fireplaces also come in a variety of styles and sizes.

For best results, consider the existing features in the space, the temperature and types of fuel available, and the overall design of the home. Visit some fireplace showrooms and compare the styles available to make the best decision.

Consider Installation & Maintenance

It’s important to consider the installation and maintenance when adding a fireplace. Not only will you have to pick the size and materials, you must also research professionals. A professional with experience in installating a type of fireplace specific to your home and/or area is important. Once the fireplace is installed, ensure that it is properly maintained as this will also determine its value.

  • Have a professional inspect the fireplace before installing.
  • Be sure to use the right fuel or gas line for the fireplace.
  • Have the chimney swept regularly.
  • Choose the right size for the space you have available.
  • Pick a style that affirms the overall design of your home.

Conclusion

Adding a fireplace to the home is a major investment, and it has both practical and aesthetic benefits. It’s important to research and consider the local market, design approach and fuel requirements for the specific type of fireplace you are thinking of. Doing your due diligence and investing in a quality installation will likely increase both the value and appeal of your home.

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