The dream of spending time with family and friends gathered by an open fireplace is a selling point in many homes for sale, but not all properties come equipped with a built-in fireplace. However, installing a fireplace unit is a popular renovation and buyers or current owners have several options when it comes to finding one that works for them.
The costs of installing a fireplace will vary from a few hundred to a few thousand dollars, depending on the type of unit individuals want. Shopping around for different units, and comparing how they will accommodate the layout of a home, can be helpful when deciding which type to choose.
Many homeowners may first turn to traditional wood-burning fireplaces when they begin searching for a unit. These fireplaces are common among older homes, and are often constructed in brick or stone, depending on a homeowner’s visual tastes. While the familiar wood-burning scent, cackle and image of these fireplaces and hearths provide a homey feel, these are the most expensive type of unit to build, costing as much as $10,000 or more. This is largely because individuals will need to hire a mason to complete the project and ensure that it is built to code, according to National Association of Realtors’ website HouseLogic.
These types of fireplaces also require more foundation to be laid down to carry the weight of the fireplace and chimney, as well as the cost of the chimney itself.
A gas fireplace is another popular option, namely because it does not require individuals to purchase wood and is relatively less expensive than wood-burning units. While the costs of these types of units typically range in the thousands, installation is easier and less time-consuming. However, individuals who choose this option should also consider the costs of propane when making their decision, as gas costs can fluctuate frequently.
A fireplace unit that runs off electricity is the most affordable and simple option for individuals. These units may cost upwards of $400 and is portable. In addition, these units can be preferable for individuals who lack a great deal of space in their homes, but still want the warmth and aesthetic of a fireplace. In addition, the easy installation of this type of unit ensures that homeowners will not have to rearrange electronics located near the unit.
Check out our 40+ of favorite fireplaces from coldwellbanker.com on our Cozy Fireplaces Pinterest board.Here one to get you started: