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Adding Value by Installing a Fireplace

Dec14
2009
Leave a Comment Written by Carrie

 Fireplaces

Sometimes, a little extra goes a long way. Especially in real estate—upgrades and additions like enclosing a patio, finishing a basement or expanding a walk-in closet can add a lot of value to a home.

And in certain cases, climate may play a role in choosing which luxuries to add. Swimming pools, for example, are great for properties located in warm regions, and fireplaces add warmth to homes in colder areas.

In December, many snow-bound homeowners opt for more traditional methods of heating, such as wood-burning stoves and gas-log fireplaces. If you are such a homeowner, consider these tips before you make the addition!

  • Hire a professional. You could be working with gas lines, and you are also dealing with fire management. Find someone who will safely (and properly) install the fireplace and obtain the necessary work permits for the job. You’ll also want to make sure that your insurance company is notified that you are getting a fireplace and that it has been professionally installed.
  • Consider the maintenance involved. Gas fireplaces need a gas line and a venting space. Wood-burning fireplaces require a chimney and a firebox. Which one is right for you? And will you clean the space yourself or will you hire cleaners?
  • Carefully decide where you want it. Once it’s there, it is not moving. If you want it to be the focal point of the room, the fireplace should be placed in the center of a wall. Watch out for windows and doors, and keep in mind that corner units may be smaller and take up less space than traditional wall fireplaces. There are also regulations for the sizes of the hearth, the surround, the mantels and the vents; however, your contractor should know this.

Adding a fireplace as a luxury feature could add a few thousand dollars value to your property. And if you go the green route, this addition looks even more appealing to a buyer. Just be sure to take the necessary precautions before you buy anything or begin work.

Related Reading

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Posted in Selling Tips, Tips and Ideas - Tagged adding value to your home, contractor, gas fireplace, hiring a professional, installing a fireplace, wood-burning fireplace
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