Fireplaces are an amenity commonly seen in South Lake Tahoe homes for sale. While some homes may not feature one, the majority will. If you are getting ready to sell, and you have a fireplace, use it to your advantage. A cozy fireplace, especially in our resort mountain town, is something at the top of several home buyers’ wish lists. Don’t believe us? The National Association of REALTORS® recently reported that a classically designed fireplace that functions can add up to $12,000 to the home value! Read on for a few reasons how that fireplace you have come to love can add to a higher home price.
Additional warmth is the first obvious reason. But did you know that in any climate, buyers are drawn to fireplaces because they create a cozy, homey atmosphere. Fireplaces create a focal point in not just the living room, but the entire home itself. Let’s take California for example. Most of California is known for being warm. However, according to the Director of Research at the National Association of Builders, trying to sell a brand new construction home in California without a fireplace is actually difficult. Gas fireplaces are so easy to install, there is no reason a contractor shouldn’t put one in.
Fireplaces are also a cold weather must have. Here in Lake Tahoe, a California/Nevada town that can experience extreme winter conditions in addition to our warm summer weather, a fireplace is a necessity. Recently, the town experienced a power outage that lasted for hours. The wind was howling and the temperature was cold. In situations such as this, a fireplace is the only way to stay warm. When listing your home for sale, you hear and read a lot about how you can spruce your home up affordably, where to put your money and where to refrain from spending. A fireplace is not an area to skimp. After all, no one wants a fireplace that looks burned out and is releasing smoke and gas into the home. On the other end, you don’t want your fireplace to be the reason a home inspection fails. Cleaning and upgrading this feature of your home is worth the time and cost. If you do not have a fireplace but think you may want to install, this upgrade will likely pay off in the long run. Here is a breakdown of the standard costs associated with each type:
- Standard gas fireplace without installation: $600 to $3,000
- Electric fireplace: $1,200 to $1,500
- Re-lining an old chimney: Usually less than $5,000.
If preparing your home for sale in Lake Tahoe is something you need assistance with, The Souers Team has been helping buyers and sellers successfully and is well versed in all aspects of the local real estate market. If you have any questions regarding this topic, feel free to call us at 530-577-0389 or contact us here.