Will Adding a Fireplace Bring a Good ROI?
It’s no secret that a fireplace adds enjoyment to a home and provides a lovely accent that enhances the eye-appeal of any room. Whether you have a wood-burning fireplace for its rustic ambience, or a gas unit for its high heating efficiency, fireplaces somehow make a house feel more like a home.
What a lot of people don’t know is the role a fireplace can play when it comes time to sell your home. Here are a few facts and statistics showing how fireplaces can bring a positive return on investment and make your home more attractive to potential buyers.
Impact on selling price
A report from the National Center for Real Estate Research shows that real estate agents believe that a fireplace can add as much as 12 percent to the selling price of the average home. Dollar-figure increases these Realtors gave go as high as $15,000. Of all the agents surveyed, 98.5 percent of them considered fireplaces to be value-added amenities.
Buyers willing to pay more
An interesting trend uncovered by the National Association of Realtors was that 40 percent of surveyed buyers said they would pay more for a home with a fireplace as opposed to the same home without one.
Fireplaces influence buyers’ decision
Finally, an Angie’s List survey found that 63 percent of buyers stated that the fact a home has a fireplace would influence their desire to buy the home. Fireplaces are high on the list of many buyers, and there are many reasons for this.
The magic of a fireplace
When a buyer is taking a tour of a home, one of the things he or she is thinking about is how it would be to live there. Realtors go to great lengths to “stage” a home for sale by encouraging the owners to remove clutter, ensure that everything is clean and get rid of as many “personal” items as possible. The goal is to make it easy for interested buyers to imagine themselves in the home.
A fireplace is an automatic plus in any home-staging activity. Fireplaces have a romantic appeal and a sense of coziness that the majority of buyers can instantly relate to. They can see themselves before a beautiful fire, socializing with family and friends or relaxing on a chilly evening.
Realtors know a fireplace’s value in marketing
Real estate agents put a lot of time into marketing their homes, and you’ll notice how often a fireplace is mentioned in home descriptions online and in other marketing materials. If the home has a fireplace, it most certainly is going to be added to the list of amenities, because agents know that buyers love fireplaces.
If you’re thinking a fireplace might be a great addition to your home – now, and in the future when it’s time to sell – Inglenook Energy Center of Conifer, Colo., can show you a full line of beautiful gas and wood-burning fireplaces. Our expert staff can help you find the best model for your specific needs and answer all your questions. Visit us at 869 Main Street, or give us a call at (303) 838-3612.