How Can a Fireplace Increase Your Home's Resale Value?

For some people, having a fireplace at home is a necessity, especially during cold winter nights. But for others, a fireplace is not just a home feature that provides warmth, but a priced gem that could increase a property's resale value.

Back in the 1600s to 1700s era, a typical fireplace is a wide and deep walk-in feature with an open recess. Over the years, the fireplace evolved into something that could be placed in all parts of the house such as the living room, kitchen, bedroom, and even the garden area.

It could be made out of numerous materials, but some of the common type would be made from concrete, stone, marble, bricks, tile or steel.

A fireplace is one of the most common features found in most houses for sale. Many homebuyers' top requirement is for their future home to have a mantelpiece where family and friends could lounge, chat, while enjoying the warmth.

If you are looking into selling your home soon, you should consider adding or upgrading your fireplace to ensure a quick and winning deal.

Below are some of the reasons why having a fireplace instantly increases a home's resale value:

(Photo : Image by Andy Giraud from Pixabay )

It sells easily

When you put your property in the market, the main goal is to close the sale immediately without a wiggle room for negotiation with the buyers. Having a fireplace is one of the keys to get you a quick closed deal and a sure return of investment.

On average, homes with a fireplace are being sold on their asking price. Data shows that homes with a fireplace boasts a 99% sale-to-list ratio, which means they easily get under contract and sell for 99% of its original list price.

If you're looking into selling your home soon, consider adding or upgrading your fireplace and make sure to highlight it during home tours.

It's a trend that never fade

Detailed wallpaper, industrial finishing, statement furnitures. These are just some of the home trends that will go out of style in time and will surely pull down your home's value big time.

But regardless of your house's theme or interior, having a fireplace is and will always be on top of the trend. It is also one of the most expected house features that every homebuyer is seeking in every house.

Aside from being aesthetically appealing, a fireplace gives future homeowners a great investment since it keeps the house warm without increasing the eclectic bill.

To ensure the resale value of the house, put the fireplace in strategic areas at home such as the living room, porch, or kitchen. These high-traffic areas make the fireplace the center of your home.

(Photo : Image by bedrck from Pixabay )

It's a smart investment

Offer a smart investment by considering a gas fireplace . A gas fireplace is named one of the most valuable home trends for potential home buyers since they need not to worry about cleaning out ashes or wood debris. It also eliminates the tedious task of chopping, collecting, and storing firewood. Checking a gas fireplace on the property feature will surely make your listing stand out.