"Location plays a big role. If you live in a colder area, a fireplace is often seen as a must-have and adds more value. In warmer places, it's more of a nice bonus than a dealbreaker. The type and condition of the fireplace matter. Gas fireplaces are popular because they're easy to use and low-maintenance. Electric ones are affordable and simple, while wood-burning fireplaces give that classic charm but need more upkeep."
"Where you put the fireplace makes a difference. Fireplaces in living rooms or family rooms catch buyers' attention more than ones tucked away in bedrooms or basements. Installation costs vary a lot. You could spend anywhere from a couple hundred bucks for an electric unit to up to $10,000 for a gas fireplace. Hiring a pro is definitely worth it for safety and to make sure everything's up to code."
Homes with fireplaces can list for about 13% more than the national median, yet the typical added resale value often falls between $1,000 and $5,000. Regional climate strongly influences buyer preference, with colder areas valuing fireplaces more than warmer ones. Fireplace type and condition affect desirability: gas units are low-maintenance and popular, electric units are affordable and simple, and wood-burning units offer classic charm but require upkeep. Placement in main living areas attracts buyers more than placement in bedrooms or basements. Installation costs vary widely, and professional installation ensures safety and code compliance.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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