Electric Fireplaces and Real Estate Value

If you are considering adding a fireplace to your property, you may wondering about its impact on your property values. In generations past, the fireplace was the heart of the home, a place for gathering and the source of essential warmth. Today, fireplaces are not as necessary for heating the house, but they still have aesthetic and practical value, and they still serve as a gathering place. They also provide a focal point for a room, and the right fireplace can symbolize luxury and elegance. Potential homebuyers see a fireplace as an inviting feature that adds character and interest to a home. Traditional fireplaces are expensive to install, but installing a modern electric fireplace is relatively easy and cost-effective. Do they increase home value? Let’s take a deeper look at built-in electric fireplaces and the effect they have on the value of a home.

Understanding Electric Fireplaces

Electric fireplaces are a relatively new innovation, but they are becoming very popular among homeowners. They generate heat using electricity and create a very realistic flame effect without actually having a live flame. They use either a heating coil, a ceramic plate, or infrared technology to provide heat, and they produce no fumes or emissions. Fireplaces with a heating coil warm the air in and around the unit, spreading it through the air with a fan. A ceramic plate uses radiance to conduct heat, and infrared technology heats objects in the room directly, providing supplementary heating. Electric fireplaces are easy to operate and customize, and some can even be controlled with a smart device. They come in a variety of styles and can be installed just about anywhere in a house. In some types of electric fireplaces, logs are used to add a realistic appearance. With a few simple electric fireplace maintenance tips, like avoiding hazards, cleaning the fan, and wiping down the exterior, you can keep your fireplace looking good and in good condition.

Advantages of Electric Fireplaces

There are several reasons that electric fireplaces are beginning to be more popular than wood-burning or gas fireplaces.

Ease of Installation: Because they require no chimney or ventilation system, they are much easier to install than a traditional fireplace. Some electric fireplaces are entirely portable and require only plugging in. Electric fireplace inserts are a little bit more complicated, but are still easier than a traditional fireplace.
Safety: Because they don’t involve real flames or emissions, electric fireplaces are safer than wood-burning or gas fireplaces. Additionally, electric fireplace safety features, like cool-touch exteriors and automatic shut-off mechanisms, reduce the risk of accidental burns or fires.
Cost Effectiveness: Electric fireplaces are less expensive to install than traditional fireplaces, and they are also less expensive to operate and maintain. The lower energy bills add up to significant savings long-term.
Energy Efficiency: Electric fireplaces do not release harmful pollutants into the air of a home, and their energy-efficient operation means low electricity consumption. They are a much greener option than gas or wood-burning fireplaces, helping reduce the home’s carbon footprint.
Versatility: Modern designs and technology allow for a wide range of options in design and functionality, making electric fireplaces extremely versatile.

Electric Fireplace Ideas for Improving the Value of Your Home

Obviously, having an electric fireplace in and of itself will not sell your home. Many other factors contribute to the value of a home, including location, size, condition, and amenities. However, the right electric fireplace can enhance a home’s appeal, giving it a competitive advantage over comparable properties.

Sophisticated fireplaces are an impressive addition to any home. The design of a fireplace impacts how much it appeals to buyers. Stylish electric fireplaces like a three-sided model offer a feeling of luxury that can increase a home’s value in the eyes of a potential buyer.
Homes in colder regions get a bigger boost from a fireplace. Electric fireplaces are a good source of supplemental heating, and in some cases can even serve as a primary heating source.
Outdoor electric fireplaces draw attention, no matter the location of the home. Even in a warm climate, an outdoor fireplace can make the garden or patio more appealing.
Built-in electric fireplaces add more value than wall-mounted units. An electric fireplace appeals to a wider range of buyers than a traditional fireplace, primarily because of safety concerns. No matter what kind of fireplace you have, it needs to be properly installed, well-maintained, and functioning properly to be a positive factor.

Trust Bromwell’s for All of Your Fireplace Needs

For over 140 years, Bromwell’s The Fireplace People has been the one-stop fireplace shop in our nation’s capital. Family-owned and operated, we offer electric, gas, wood-burning, and outdoor fireplaces, along with pellet stoves, fireplace accessories, and much more. Our friendly and courteous staff members are committed to offering a wide assortment of high-quality products at fair prices, while also providing incomparable service. Having a fireplace in your home can enhance your quality of life and increase your home’s value, but fireplaces do require work to maintain. We want you to enjoy your fireplace and be safe, so we work with you at every stage, from consultation to installation to maintenance of your new fireplace. If you do not have an existing fireplace, Bromwell’s can design and install one, and if you already have a fireplace, we can make it more beautiful and functional. Because we believe that every home is better with a fireplace where people can gather, we will help you decide the best option for your home. What’s more, with years of experience installing fireplaces, we know how to get the job done quickly and well. For more information or to schedule a consultation, stop by our store or contact us today.