Do gas fireplaces increase home value?

Return on Investment A homeowner can often recover over 100 percent of the expenses associated with adding a fireplace upon selling their home. According to the National Association of Real Estate Appraisers, adding a fireplace to home can increase the resale value of the home by as much as 6-12 percent.

Do home buyers prefer gas or wood fireplace?

Real estate agents and homebuyers list fireplaces as one of their most sought-after features. When asked about which kinds of fireplaces homebuyers preferred, the majority say gas-burning fireplaces, wood-burning came in a close second, followed by electric.

Are gas fireplaces a good investment?

Installing a new gas fireplace – or converting an existing fireplace to burn gas – is one of the better investments you can make in your home. A study by the National Association of Home Builders found that more than 75% of home buyers look for at least one fireplace in their new home.

Does removing a gas fireplace decrease home value?

But losing a fireplace can affect a home’s appeal and possibly even its resale value, real estate pros say. A fireplace can particularly be viewed as a valuable amenity in colder climates, and removing one could even reduce the number of buyers drawn to a property, some agents say.

What type of fireplace adds the most value?

Any type of fireplace will add more appeal and instant value to your house. Generally speaking, electric units will be your least cost option. Gas models next, followed by wood burning fireplaces. Both equipment and installation costs with gas and wood fireplaces are more than an electric model.

Does a fireplace add value to a home 2021?

Will a fireplace add value to your home? According to The National Association of Realtors, adding a fireplace can raise your home value by as much as $12,000.

Does a fireplace increase home insurance?

A woodburning stove or fireplace can increase your home insurance premium by about 10% or $100 a year depending on which insurance provider you’re with. You can choose to keep it a bit lower by having a higher deductible and making sure you are not paying for features you don’t need.

Is it expensive to use gas fireplaces?

A Gas fireplace might cost anywhere from $556 – $1,112* per year when being used for supplemental heating with natural gas. A Freestanding Gas Stove might cost anywhere from $1,016 – $2,031* per year when being used as a zone heaters with natural gas.

Do gas fireplaces use a lot of gas?

In short: Gas fireplaces are quite inexpensive to run. This is primarily due to the low cost of natural gas and propane. On average, 100,000 BTU worth of heat costs $1.09 if you use natural gas and $3.87 if you use electricity.

Why do new homes not have fireplaces?

They will go out. This is because space heaters replaced fireplaces for energy efficiency, so new forms of insulation have replaced asbestos and fiberglass such as foam.

Are wood fireplaces worth it?

Flexible placement and venting, exceptional heating capabilities and old-fashioned charm are only a few of the benefits a wood-burning stove has to offer. Plus, they’re inexpensive to operate and easy to maintain. Some models even double as stove tops, capable of heating a variety of foods or warming a kettle.

How much is a fireplace worth in an appraisal?

Fireplaces are more desirable, and therefore more valuable, in cold climates. Your home type also impacts the value of a fireplace. If you live in a high-end home, buyers expect a fireplace and may be willing to pay more for homes with one.

What are the pros and cons of an gas fireplace?

Gas fireplaces take way less time out of your life than wood ones. You just flip a switch, and the fire’s on. No finding wood to buy or chop. No lugging it in the house. No kindling to deal with, or matches, or newspapers.

Is it cheaper to heat a house with a gas fireplace?

In general, a gas fireplace will be about three times cheaper to use than a wood one. Paying for the amount of gas it takes to heat your home with a fireplace is much less than the cost of paying for wood. It goes back to the efficiency question, as well as the simple cost of these resources.

Do gas fireplaces clean better than wood burning?

Gas fireplaces come with significantly fewer cleaning responsibilities than wood-burning, mainly due to the different combustion byproducts that accumulate in the gas chimney and wood chimney. Burning wood produces creosote, which builds-up on the walls of the chimney, along with ash and soot]

Is a wood fireplace right for You?

Simply put, to use a wood fireplace, you have to cut down trees. And so does everyone else using them. If that bothers you or you feel it’s a waste of a hard-to-replace natural resource, then wood fireplaces are not for you. Gas fireplaces are more energy efficient than wood. There’s no comparison here.