One improvement that will undoubtedly increase a home's value is adding a fireplace or replacing an old one.
Selling Your Home? Add a Fireplace
There are many home improvement projects that you might be considering in order to increase the value of your home before selling. While some of those improvements may be valuable, others might not help at all. For example, adding a fresh coat of paint to every room would be a good way to increase the value of your home because cost is fairly easy to make up and it helps clean up the room. Others, like adding a new addition or replacing windows, might not be such a good idea because the time and costs could be difficult to recoup when it comes times to sell. When you are thinking about what home improvements to make before selling, you should be sure that they will, in fact, increase the value of your home. One improvement that will undoubtedly increase the home's value is adding a fireplace or replacing an old one.
What do homebuyers really want?
In a study conducted by the National Association of Home Builders (NAHB), it was discovered that 77% of homebuyers are looking for a fireplace in the family room of their new home because they feel that is where the most time will be spent with their family. The living room was the next preferred location among homebuyers, with 50% reporting they would like to have a hearth in this room for visitors and guests to enjoy.
There are many gorgeous options for a living room fireplace that would make potential homebuyers gravitate to your home. Some feature modern flames, with non-traditional media elements, while others, feature grand fireplace features and elegant to make your home feel more inviting and luxurious. Just by adding a fireplace like the Heatilator Icon, a home seller could raise the price of their home up to 12% (National Association of Real Estate Appraisers).
How do I know which fireplace to install in the home I am selling?
Of course, you can't know for sure what the homebuyer will want when it comes to the fireplace in your home. Chances are that they will like the overall appearance of your house and it's the overall picture that will sell the home. The fireplace will add value and perhaps even push the sale so when you are trying to decide what fireplace to install in your house, you can consider a few things:
- The overall style of your home.
- The colors that you have throughout.
- The area in which the house is located.
- The function of each particular room.
Prospective homebuyers desire fireplaces and they will be looking closely at the fireplace (or lack thereof) in your home. Do you like what you see? If not, contact an authorized hearth expert who can help design a custom fireplace for your home.