The value of a fireplace addition for your home

A fireplace adds a special feel and ambiance to your Prescott home. Home buyers rank fireplaces as one of the three most desirable amenities they would like to have in their new home. Able & Ready Construction discusses the value that a fireplace can add to your Prescott home.

What value does a fireplace really add?
When a home is appraised, the fireplace is not specifically itemized within the appraisal. However, a fireplace does add value to the home. A study by the National Association of Realtors revealed that nearly half of home buyers would pay more for a home with at least one fireplace.

Is a fireplace necessary?
Naturally, certain locations will almost demand the need for a fireplace, based on climate and the type of home. Fireplaces are more desirable in colder climates, therefore, more valuable. The type of home you have can also be a factor. If your home is considered to be a high-end home, a fireplace is expected.

How much does it cost to add a fireplace?
The cost of adding a fireplace can vary greatly and depends on whether walls need to be moved, what building codes must be met, what permits must be acquired, the type of fireplace you choose, chimney heights, and other factors. Adding a fireplace is one way to increase the value and your enjoyment of your home. Consider adding a fireplace in the room most used. You may want to change the look and feel of a dining room or den - or even a master bedroom - by adding a fireplace.

A warm and cozy fireplace may just be what your home needs and it may boost the value, too! Prescott is one of those areas where buyers are seeking homes with fireplaces, especially if your home is nestled in the pines. If you’ve been thinking about a fireplace addition for your Prescott home, contact Able & Ready Construction for a free consultation and estimate. Call today at 928-775-6178 for a free consultation

Posted to: Helpful Remodeling Articles