There’s some disagreement among real estate trend-watchers about exactly how much value the right fireplace can add to a home, but most agree that value definitely will be added come selling time. This is true even for warmer-area markets that purchase fireplaces more for ambiance than for heating the home. In Canada, fireplaces not only look nice but add important support during the cold winter months.
Home buyers in the Toronto region appreciate a home for sale with a well-maintained fireplace. Various factors may come into play when determining how valuable a fireplace is considered to be. Here are four of those factors.
Fuel type: Wood and gas are the preferred fuels in modern fireplaces. While electric and coal fireplaces have their advantages and fans, they’re not generally perceived as being as “valuable” to a home as a wood or gas unit.
When on the market, a home with a nice gas fireplace will appeal more to buyers who appreciate convenience and ease of use. Other types of buyers prefer the traditional appearance and glow of a roaring wood fire. But in either case, you can expect a handsome fireplace to add a degree of value to a home.
Fireplace condition: It’s no surprise that a good-looking and fully functional fireplace will be considered more valuable than one that clearly hasn’t been kept up and serviced.
Fireplaces, whether gas or wood-burning, need regular inspection and cleaning in order for them to operate safely and at optimal levels. Replacement or repair of parts also may be necessary periodically and shouldn’t be neglected.
Ambiance: As mentioned above, there’s no way to know exactly how much value a specific fireplace will add to your specific home, but we do know that “value” is as much a perception as an exact dollar figure. The beauty and elegance that a fireplace brings to any home makes a definite positive statement in the minds of most house-shoppers.
Modern design technology has brought to the market fireplaces in a wide array of styles, shapes, sizes and finishes. Choices include everything from large and traditional with heavy stonework and towering chimneys to sleek and contemporary units that sit within a wall and are perfect for zone heating in virtually any room.
Efficiency: Efficient fireplaces are considered valuable in any home. Unlike their predecessors, both wood and gas fireplaces today are built in accord with very strict federal guidelines for emissions and burning.
Older wood-burning fireplaces are known for a lack of efficiency in heating a home and thoroughly burning their logs. This is easy to fix with a new fireplace insert that will bring modern technology and efficiency into your home without having to build a whole new fireplace.
If it’s time to look into a new fireplace for your home – whether you plan to sell in the near future or simply because you want a lovely and useful accent – Marsh’s Stoves & Fireplaces of Toronto has an amazing selection to show you. We invite you to browse our showroom at 3322 Dundas Street West and discover your many options and choices. Reach us by phone at (416) 762-4582.