Ellen McLaughlin - Coldwell Banker Residential Brokerage



Posted by Ellen McLaughlin on 3/28/2021

Fireplaces are often seen as a necessity for homebuyers. It adds charm and decorative as well as physical warmth to a home. More than half of new homes have a fireplace. If your home doesn’t have a fireplace, you may wonder if installing and maintaining a fireplace is worth it. Will it add value to your home? There are a few things you need to consider before you decide to take on this project.


Value


Keep in mind that fireplaces are not directly accounted for during a home appraisal. Yet, they add value to a home. Home buyers will pay more for homes that have fireplaces. Depending on the location of your home, a fireplace can increase the value of the property by a significant amount- up to thousands of dollars.


Location


The location of a home really has a direct effect on how much value it adds it a home. When added to other amenities in your home, a fireplace can compound to make the home appear more luxurious. A fireplace is a must in a higher end home.  


On the flip side, more modest homes may not need fireplaces. If a home needs many other improvements, a fireplace may not add much to the property. The amount of value a fireplace adds is very much dependent on the type of property it’s being added to.       



Cost


It’s possible to add a fireplace to just about any home. The cost will vary by a large amount ranging anywhere from a few hundred dollars to tens of thousands of dollars. Specific requirements may exist within your city dictating how fireplaces must be installed. Keep in mind that everything from the type of fireplace that’s being installed to the height of the chimney must be considered. Look into things like:


  • Emission limits
  • Chimney height
  • Construction requirements
  • Permits
  • Type of installation

Each requirement will add a bit more cost to the project, so it’s best to do some research beforehand. 


Getting The Maximum Value


If you decide that adding a fireplace is the right decision for your property, there are a few ways to get the maximum return on your investment. First, you should build the fireplace in the room of your home that’s most used. This space would most likely be the living room or family room in most cases. Keep in mind that adding a fireplace can drastically change the look of a room.


Whether you’re adding a fireplace or putting in an initial one, you can be sure that it will add value to your home in the form of attraction and home price.  





Tags: fireplace  
Categories: home value   remodeling values  


Posted by Ellen McLaughlin on 12/1/2019

Image by Breadmaker from Shutterstock

A fireplace is a cozy addition for a home that can add aesthetic value as well as warmth to your space. Whether you’re building new, retrofitting, or shopping for the perfect home there are options for most situations. You’ll find many design options as you start to shop but the initial consideration should be to determine a fuel source.

Wood fireplace

Wood-burning fireplaces offer the crackle of the fire, the fragrance of pitch, and the soft glow of coals. For some, there's nothing better than a perfectly lit wood fire. But along with the cozy flames and the perfect scent come some considerations. 

Potential for smoke: If the flue does not open correctly or if there is a blockage within the chimney, you may find smoke coming into your room instead of out the flue.

Chimney maintenance: The wood you burn and the temperature of your fire determines how clean your chimney stays. At least annually, have your chimney professional swept to remove the buildup of creosote that can cause house fires.

Ashes: You will need a plan for disposing of the ashes once the fire is out.

Natural gas

A fireplace that burns natural gas can either be open or closed. An open hearth appears to be the same as a wood-burning fireplace and requires a chimney. These are called "vented" fireplaces. You can easily convert a wood-burning fireplace to a vented gas fireplace if you have access to a gas line. 

An enclosed gas fireplace is a “ventless” unit. These require more intensive construction but are great to give you the “look” of an open fire without access to the flames. These can either operate on natural gas or propane.

Gel system

A gel fireplace doesn't require specialized installation. Canned gel burns in a special unit that does not need ventilation. Often available in modern, minimalist designs, these fireplaces do not need access to gas lines or electricity. They can be installed anywhere on any wall.

Electric

Outside of the gel unit, the most effortless option to incorporate is an electric fireplace. Rather than flame, they use heated coils to provide warmth and a fan to project the air into the room. They often include flickering lights and simulated flames. Electric fireplaces require no vents and can install anywhere within proximity to an electrical outlet.

No matter which fireplace you select, take care to install it properly and operate it by the manufacturer's instructions. If a fireplace is an important feature to you, make sure your real estate agent knows it's on your "must-have" list.