What does your contractor recommend? Wood fireplaces are the most intensive to operate and maintain, though. Read more. Further, you can control how much gas is being burned, making it easier to control the heat output of your fireplace. Whether you are considering this upgrade as part of a home staging effort or simply looking to invest your money wisely, a new fireplace will instantly recoup your expenses. Customization, where the fireplace will go, can raise the price, but a barebones installation can be pretty low. Maintenance is essential for your gas fireplace to run safely and smoothly. Gas fireplaces produce heat from actual flames, whereas electric fireplaces give off an artificial flame, which creates an illusion of real flames. Some people find the charm and nostalgia of a wood-burning fireplace irreplaceable. In contrast, electric fireplaces will only last as long as their components do. Electric fireplaces are the most economical to install. An electric fireplace offers the lowest cost fireplace option. Neither requires the installation of a chimney or any other power supply. Take a closer look at gas vs electric fireplaces. The costs of installing a wood-burning fireplace are anywhere from $4,000 to $8,000. Electric fireplaces are by far the easiest to install and run in a home. If a new chimney was established for a fireplace, that value could be put right back into your home. Chimney costs vary drastically with a homes unique features. Placing a giant fireplace in a small room will make the room feel cramped, not cozy. Gas fireplaces are quite easy to operate and provide convenient heat. Average installation costs of pellet burning fireplaces range from $4,000 to $10,000. Sale prices down the road could immediately reflect that investment. Fireplaces can be works of art as much as utilities. Their ability to set a mood and keep a room cozy is great. Get free, objective, performance-based recommendations for top real estate agents in your area. No infrastructure to abate smoke is required. Only 7% of new single-family homes in 2018 that were priced under $150,000 had fireplaces compared to more than 60% of the new homes that year priced at $500,000 or above, NAHB reports. If your home already has a chimney, but it needs repairs to allow you to burn wood, you can expect to spend less. If youre considering a gas fireplace for your home, its important to weigh the pros and cons carefully. As mentioned, for electric fireplaces, the cost will vary for gas fireplaces will also vary. At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. This can be a draw for homebuyers who are searching for a home that they can connect with on an emotional level. Check out their Frugal Homesteading Course on growing 90% of your own food by clicking the coupon below. To keep or not to keep? Though they are good for occasional moments, electric fireplaces are simply not good at keeping a sizable space warm. Electric fireplaces are also a great choice for people who want the convenience of being able to turn the fireplace on and off with the flick of a switch. The size and type of fireplace determine how much you will be charged for a visit. As with any home renovation, your upgrade is relative to the overall value of your home. Furthermore, 40% of homebuyers said that they would even pay extra for a house with a fireplace. Have high or very high electricity costs in your localities. We recommend following this pre-listing fireplace prep list: Based on our conversations with real estate appraisers and the way fireplace installations are trending downhill in new construction, we can conclude that adding a fireplace to your home wont offer a ton of financial value at resale, unless youre in a luxury or lodge-heavy market. Fireplaces that run on pellets, sawdust, wood, or similar materials are a great option for the eco-friendly home improver. Perhaps the home is already set up for gas and it would be the easiest option. Thus, no ashes, smoke in the house, or opening and closing a flue. But, since gas is a non-renewable resource, it is not optimal to burn gas all the time and also to burn it results in releasing certain particles such as CO2 into the atmosphere. For me personally, a fireplace is a big deal, shares Massey. Each comes with widely different operations and maintenance schedules. Removing a fireplace could cost more than you expect. Find top real estate agents in these similar cities, HomeLight has an A+ rating with the Keep reading to find out more. While a gas fireplace is much more expensive to install than an electric one, the investment typically pays itself back when selling the home. This number has increased over the past few years. Electric fireplaces have a lifespan of about 20 years, making it clear that they have a longer lifespan than traditional wood-burning fireplaces and even gas fireplaces. Gas fireplaces, on the other hand, average 55% efficiency. This provides the most tremendous heat potential for the least amount of pollutants. Both gas and wood fireplaces also run the risk of carbon monoxide. Outside of the woodsy lodge setting, fireplaces also make more of a value impact on homes in high-end neighborhoods, where a fireplace is often viewed as a design statement and baseline requirement for an upscale property. Considering their versatility and ease of use, its an investment to consider. If easy use and on-demand heat is your goal, then electric and gas fireplaces are probably much more convenient options. Central heating systems use it to heat homes, and many kitchen ranges use them for cooking and baking. (5hrs per day). Or, the homeowner might simply prefer the look of a gas fireplace. Gas is dangerous and shouldnt be part of a DIY project. Experts can do in-home evaluations to determine the cost of installation. No matter the type of fireplace, supervision is required. It also guarantees that you are getting the most heat possible without energy lost in combustion. A gas fireplace can also heat your home in the event of a power outage, which is a tremendous benefit in areas prone to storms or electric grid issues. If you do not have a gas line in your house. Wood and pellet-burning fireplaces need to be serviced annually by a chimney sweep. Although it may seem obvious, there are some surprising differences between the wood-burning, electric, and gas fireplaces. After a lot of learning lessons, Ive developed some tips and tricks to properly take care of fireplaces. The less fireplace infrastructure you have to work with from the start, the costlier and more complicated this home improvement project will be. Brand new wood chimneys and gas lines will have the most significant impact on a homes price. However, the enjoyment youll get from using your fireplace has value as well. Other behaviors such as flying and travel emit many more pollutants. Why not check out your homes value before planning that remodel? Despite being far more durable than the traditional space heater, they nonetheless come with the same safety measures. Gel fireplaces can be installed in the living room, dining room, or even the bathroom! I believe that 9,000 maximum BTU from a "mid-range" stove is below par. If you install a gas or electric fireplace, theyll likely be enclosed with glass. Gas has been being used in fireplaces, too, for quite some time. A wood-burning fireplace also needs frequent maintenance, particularly to remove creosote, a tar-like deposit from burning wood that remains in your chimney and can be dangerous if not removed. Installing a new fireplace in any home can dramatically increase resale value. Gas Fireplace Vs. Electric Fireplaces: Pros and Cons, The 7 Best Zero Clearance Gas Fireplaces In 2022, Gas fireplaces are typically more realistic in terms of appearance and heat output than electric fireplaces, Theyre also more energy-efficient than wood-burning fireplaces, They require professional installation, which can be costly, They also require a gas line, which may not be available in all homes, Gas fireplaces produce emissions and may not be as environmentally friendly as electric fireplaces, Electric fireplaces are easier to use than gas fireplaces, Theyre also safer since theres no risk of a gas leak, Electric fireplaces are a good option for homes that dont have a gas line, Electric fireplaces require no professional installation, making them a more budget-friendly option, However, theyre not as realistic as gas or wood-burning fireplaces, Electric fireplaces also dont produce any emissions, making them a more environmentally friendly option. Electric vs Gas Fireplace Electric Fireplace $700 - $2,250 (installed) Gas Fireplace $2,750 - $7,300 (installed) Cost varies greatly by region (and even by zip code). However, the better option is the gas fireplace as it heats more efficiently and is more aesthetically pleasing. Gas fireplace units typically cost between $2,000 to $7,500. Electric fireplaces likely release emissions, too. Maintenance is regularly needed when it comes to your gas fireplace. A home's heating and cooling systems use the most energy within a home, and heating alone is responsible for about 40% of its total energy use. Fireplaces vary in style, heat sources, and price. You will have the most realistic flames in gas fireplaces; however, the artificial flames in electric fireplaces also have a very realistic appeal. Upscale homes are expected to have a fireplace so the absence of this feature could negatively impact pricing on such homes. They put out heat by burning wood, which produces heat, smoke, and ashes. Because gas burns so efficiently, less of it is needed to heat a space. Gas fireplaces cost more for replacements when it comes to installation. Gas fireplaces have the most efficient heat output. What you see as a positive improvement may be a negative feature to potential homebuyers in your area. If youre considering adding a fireplace to your home, you may be wondering whether a gas or electric model is the better choice. Theres no need to chop wood or fumble with electric cords. So how does an appraiser value that amenity? . Youve spent too many cold nights around the Netflix Yule Log and crave the warmth and comfort that only a genuine fireplace can offer. When budgeting for your new fireplace, you need to add to that cost the price of a gas exhaust pipe for venting. Cooked food receives only 40% to 55% of the heat generated by a gas stovetop, compared to 90% for induction and 65% to 70% for electric. For large gathering spaces, you may want to make your fireplace the centerpiece of the room. Then, call your homeowners insurance company to ask about how a fireplace will impact your policy, similar to how a backyard firepit can change your coverage. Gas is generally less expensive than electricity, and running a gas fireplace is typically cheaper than running an electric one. Electric fireplaces also add a touch of class and sophistication to a room, making it feel more luxurious and inviting. Both have their pros and cons when it comes to cost, maintenance, and efficiency. A new unit could easily be bought and installed for less than $1,000. Each type of fireplace will have different costs to install. That is the question. Gas fireplaces are more predictable. A wood-burning stove can be inserted in an existing chimney and masonry. 8 Perfect Ways to Make Your Fireplace the Focal Point. Electric fireplaces are very easy to maintain theres no need for regular cleanings or chimney sweeps and they can be used in any room of your home since theres no ductwork required. Gas lines must be inspected to ensure they are in working order, and ignition devices must be maintained and replaced. The most variable factor is the cost of running a gas fireplace, as it depends totally on model size and the number of BTUs they put out. 3093 Bathurst St Suite # 657,Toronto, ONM6A 0A3. The Miami Housing Market in 2023 Heres What 3 Reports Say, The 8 Best Real Estate Websites for Selling Your House, The Las Vegas Housing Market in 2023: 5 Expert Opinions. Reliable gas and electricity hookups are necessary for gas and electric fireplaces. Gas fireplaces can also be labor-intensive to install but do not require the same ventilation as a wood fireplace. Carbon monoxide is produced by all combustion and is highly dangerous to humans. The main downside of electric fireplaces is that theyre not as realistic as gas models most people say they give off more of a fake heat than actual warmth. You almost cant identify if the flames coming off electric fireplaces are a vision. Ask your builder to leave a space for a future fireplace. Homeowners can also purchase bulk firewood. Modern electric fireplaces can be installed in 15 minutes and instantly affect the value of your home. Gas and wood fireplaces will likely require professional and considerably more work to install brand new units. Electric fireplaces are less expensive upfront than gas models, but theyre not as efficient and will end up costing you more in energy bills over time. Insert fireplaces must be installed into an existing fireplace opening. Like any good home improvement, location is key. Did March 13th, 2023 in Home Buying, Home Selling. Their use and installation cost may be a drawback for some, though. Be sure to follow the instructions given by your manufacturer in the manual about the upkeep of your electric fireplace and other safety measures that you must follow. However, as per the calculated estimates, it will cost around $0.49 to run your gas fireplace for an hour, whereas if you run it for 8 hours, it will cost you $4.41 a day and $132 for a whole month. Tip Install a CO (carbon monoxide) detector whenever installing a gas fireplace. Gas fireplace manufacturers regularly claim that the running costs for their units are about 17 cents per hour with much higher heat output than electric fireplaces. There are no electrical outlets or any damage to cords, so they pose no danger or risk to you and others. Because they have mechanical parts, theyll likely need repair over time. Those who live off-grid rely on wood-burning stoves and fireplaces to keep their homes warm. (In the U.S.A), If you use your electric fireplace for 5 hrs a day, your cost for running it would be $7.58, and that for a whole month would be $32.5. I use Abundance Plus every day to learn from expert homesteaders and become more self-sufficient. If its the glowy, cuddle-up-with-a-good-book vibe youre going for, youve got more than one option (and none of them involves your TV!). If your home is rural, wood could be right for you. A gas fireplace or wood fireplace can last virtually forever, though. If not maintained periodically, gas fireplaces can build up carbon monoxide gas, posing a threat to yourself, kids, elders and even pets around. They are less expensive to install than gas fireplaces, but they dont produce real flames. Electric fireplaces produce heat at 100% efficiency! Installing a new chimney and fireplace will require upwards of $5,000 in masonry, contracting, and supplies. This can add $200 to $500 to the total expense. (If you run it 8 hours a day.). Some advanced skills are required to wire a unit into a switch safely, but detailed gas or mason work can be avoided. On the other hand, a small, corner fireplace could look ridiculous in a great gathering space. In contrast, electric fireplaces end up adding minimal value to your home. This makes them a cost-effective choice for people who want to save money on their heating bills. Most models are highly efficient, meaning that they use less gas than a traditional wood-burning fireplace. They are just as easy to use as a stovetop and provide instant heat. The solid answer is: sometimes. Not only does it consume large amounts of electricity, but it also does so very inefficiently. The choice of where to put your fireplace depends on what you are using it for. Both are very convenient, don't require much upkeep, and both add significant value to your home. Statistics from NAHB confirm that fireplaces are less common at the lower end of the housing market because of the challenges of keeping new homes affordable. The others are , Similarly, some of the reasons to choose a gas fireplace have been mentioned above, but other unique reasons are . Many homeowners dont realize how much value their home already has. Most fireplaces will put out satisfactory heat for occasional use. The only exception would be if you buy a gas fireplace and currently do not use anything powered by gas in your home, you would need to hook your new gas fireplace up to a gas line. It also guarantees that you are getting the most heat possible without energy lost in combustion. Valerie Kalfrin is a multiple award-winning journalist, film and fiction fan, and creative storyteller with a knack for detailed, engaging stories. But like other splurgy home improvements such as a swimming pool, youll need to weigh how much enjoyment youll get out of this special amenity. If you decide to demo an existing fireplace, consult with a licensed contractor. If youre going mid-century modern, then a large, wood-carved fireplace wouldnt fit in very well. Gas fireplaces are prized for their easy use, lack of intense upkeep, and efficiency. This is a good indication that fireplaces are desirable for high-end home buyers. Electric fireplaces can be reliable but are prone to burning out. Both gas and wood release greenhouse gases into the environment. For many, the heat and ambiance of a wood-burning fireplace are worth the effort. Ethanol - Many vendors are not selling them citing liability issues, High cost of fuel, Doesn't have good resale value. A constantly running gas fireplace will produce enough energy to maintain a stable temperature in a room with minimal intervention. But is it always worth the investment? Natural gas is already a source of heat and energy heavily relied upon both in the United States and globally. And thats in the Midwest, where freezing winter temperatures only enhance the cozy allure of an indoor fireplace. Imagine the crackle of a fire safely in your home as you bundle up with the family for the night. Better Business Bureau. There are significant tradeoffs with using electricity to generate heat, though. The lifespan of a wood or gas fireplace will be longer than an electric one. Proper ventilation is a must. Browse through house listings to see where other homeowners have put their fireplaces. Luckily, there are alternatives to the classic crackling wood-burning fireplace. A new ventilation unit for a gas fireplace and new gas lines will be the next best investment in a homes future price. If you can choose the best electric fireplace, it adds extra value to your home. First, theyre very easy to use. This site is the place where I share everything Ive learned to help you with your fireplace needs. Wood burning fireplaces require more maintenance than their gas and electric counterparts. They should be monitored to see if their heat is burning anything, but unless the connection experiences a short, they are unlikely to spark or cause a dangerous gas buildup in your home. Heating a space without central heating can be a tricky game. If you truly feel up to it, a solid DIY project could get an outdoor wood fireplace running. Here are the pros and cons of each. If youd like to update your space without replacing the entire fireplace, try swapping the glass doors or enclosure. Builders can use outdoor-rated supplies to make the gas fireplace weather-resistant. You may want to choose an electric or gas fireplace to insert in the space. Have low electrical costs in your localities. Forney shares anecdotally that his new construction buyers have been willing to forgo the cost of installing a fireplace to save money. Gas also burns much cleaner than wood. A carbon monoxide alarm should be installed in at least the room where the fireplace is. Gel-powered ventless fireplaces cost $300 to $700. It also helps you to reduce heating bills . Its high efficiency means no soot buildup or costly chimney cleanings. Compared to 202 Are you looking to sell your house but don't know where to start? A steady stream of natural gas is all a gas fireplace needs to keep a room warm. Gas fireplaces do heat up a room quickly making it ideal for a home in any type of climate. Can You Use Pallets for Firewood (Is it Safe to Burn)? This could be an excellent opportunity for you to maximize your homes inherent qualities! Category: Categories Electric Fireplaces, Gas Fireplaces, Wood Fireplaces. Get Local Cost Electric Fireplace PROS Inexpensive Fast and easy installation Cheaper to run Check with local professionals to get an estimate on costs in your area. When and Why You Should Consider a gas Fireplace? Remember Gas Fireplaces remain hot to the touch, whereas electric fireplaces tend not to. Costs will go up depending on how much wood you burn and how ample the space that needs to be heated is. Resale Value . However, with proper installation, regular maintenance and cleaning, and responsible use, you can extend the lifespan of your gas fireplace and enjoy its warmth and comfort for years to come. In early 2022, per therm of natural gas cost around $1,413. Electric fireplaces are best when only used on occasion. Not only is the whole family happy and calm, but the fire was an achievement in itself. They come in a variety of different styles and finishes, so you can find one that perfectly suits the look of your home. Adding a fireplace is clearly a good investment for your home . Gas - Not many options for less than 12" deep, Has a strong Odor, Concerns of CO2 emission into the room. How can you make sure youll get a good return on your investment? Overall, a brand new wood fireplace will cost the most. More expensive options like wood and gas fireplaces generate much more resale value. If this chimney is then maintained and shown to be effective, that can further improve the resale values of a home. The OP also noted that their's was not a lower-end range. Category: Categories Electric Fireplaces, Gas Fireplaces, Wood Fireplaces, Wood vs. Gas Fireplaces: Pros, Cons, Costs, and More, 7 Tips to Keep a Fire Going in a Fire Pit. He's constantly trying his hand with fire pits, smokers, and of coursefireplaces. A chilly day here and there can be significantly improved with an electric fireplace. To avoid raising red flags with your fireplace, The Chimney Safety Institute of America has three different levels of recommended chimney inspections based on use, how often your venting system or fireplace has changed, and whether your home is for sale. A proper flue, liner, and ventilation need to be installed. Your email address will not be published. Looking to update your wood or pellet-burning fireplace? When youre ready to install that fireplace, consult this brief overview of several different types of fireplaces and what you can expect to spend: A wood-burning fireplace has a lower utility expense but requires the most involved installation from the ground up. More heavy-duty outdoor wood fireplaces can be built outside for more money, but these are more permanent. Easier Resale Value: Since they're safer and easier to operate, electric fireplaces tend to have higher resale values than their gas counterparts do. They are easy to install and can be used in a variety of different ways to create the perfect ambiance for your home. While the latter may be of some concern due to rising electric costs, you can save money on electricity by signing up for a Solar PPA. Electric fireplaces are less expensive and easier to install, but they dont provide the same ambiance as a gas fireplace. A gas fireplace requires less maintenance, but you may need to install a gas line if you choose a vented model. Permanent outdoor wood fireplaces can be covered and given a chimney to make them resistant to almost any weather. Homeowners also have a broad spectrum of options for how much they want to spend. Not every fireplace is easy to install. Because of the risk of spark, proper guards must be installed in a fireplace. Electric fireplaces are the least efficient and will put out the least heat. Remember Gas prices can vary depending on your area, so calculate the estimates on your local gas price. Electric fireplaces do not use as much energy as gas fireplaces and do not directly emit any particles into the atmosphere. Electric fireplaces are available in both insert and free-standing models. Have a high budget and want the most aesthetic fireplace for your house. Buyers need to consider what type of maintenance they feel up to, how much they are willing to spend, and overall what would work best for their space. Our team of dedicated technologists, experts, and researchers is here to help you make the right decision. Call the Fireplace Experts now and see how much value you could add to your home. Although the EPA lacks more recent stats on total fireplaces nationwide, data from the new construction sector would indicate that fireplace popularity continues to wane. Most of the time, its better to repurpose the space or insert a new fireplace in the same spot. This alarm should be regularly tested. Keep in mind that your fireplace will put out heat. They can be versatile but do not provide as reliable of heat as other fireplaces. Read More: Best Propane Fireplaces: Top 5 Reviews. Source: (Element5 Digital / Pexels) Lack of practical use, added cost hurts fireplace appeal Electric fireplaces are cheaper and easier to install than gas models, and they dont produce any emissions. Because it is simply a standalone unit that does not require new ventilation and has no options to upgrade down the road, only the units price could be accounted for that. Gas fireplaces will, on average, run about $2,500 to install. Gas fireplaces have proved to be much more efficient at heating your home or your room than traditional wood-burning fireplaces. Check your current bill for the exact numbers for your area, but the national average cost of electricity is about 13 cents per kilowatt-hour (kWh), while the national average cost of natural gas is $1.22 per therm (or 100,000 Btu). On the downside, electric fireplaces dont provide as much heat as gas models and cant be used during power outages (unless you have backup batteries). Routing a gas fireplace outdoors is possible but less versatile. On average, however, it costs $0.22 per hour to run an electric fireplace. The most common fireplaces on the market are wood, gas, or electricity. Gas and Electric fireplaces maintenance costs vary. Maybe the fact that each fire is an achievement, though, is dissuading. Wood fireplaces are more expensive but provide a realistic ambiance. This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies. Clear away the clutter and dont over-decorate. Gas fireplaces can be a great addition to any home, but theyre not right for everyone. 9 Best Electric Fireplace Mantels (Reviews and Buying Guide). Although, based on the buyers preference, they may choose one over another despite the increase or decrease in the home value. Another advantage of gas fireplaces is that theyre very efficient. However, theyre also more efficient, so youll save money on your heating bills in the long run. This is according to the National Association of REALTORS 2013 Survey. This is because potential home buyers see a gas fireplace as a luxurious amenity that adds both resale value and curb appeal to a home. Gas fireplaces can produce between 7,000 to 40,000 British Thermal Units (BTUs) of heat, while electric fireplaces typically max out at roughly 5,000 BTUs. Gas fireplaces use natural gas or propane as fuel sources. Gas Fireplace The cost of a gas fireplace is about $900 to $3,000. Gas fireplaces cost anywhere from $2,300 to $10,000. Natural gas burns relatively cleanly and will not contribute to nano-particle pollutants like wood burning. Wood can burn reasonably clean, but it still leaves layers of soot that are an ignition hazard. For a home already with natural gas, this fireplace can be a more affordable option than new masonry work for a wood-burning fireplace. Selling a House As-Is: How to Skip Repairs and Move On! For those who are interesting in the natural ambiance that a real fire provides, you can still enjoy the benefits of an environmentally friendly fireplace that features a dancing flame. Theyre also very safe since theres no open flame, and you can use them in any room since they dont require a venting system. Gas vs. Electric Fireplace: Resale Value Leaving out all the benefits and drawbacks of gas and electric fireplaces, traditional wood-burning fireplaces or gas fireplaces add about a 50% to 75% increase in the home value. Wood stoves are standard for heating a living space and minimize many of the drawbacks of a traditional wood fireplace. This can translate into significant savings on your utility bills. However, if your environment is warm and humid year-round, this may not be the smartest update for you. (Cost, efficiency, resale value, and more.). A few things to take into consideration when consulting with a technician would be where a fireplace would best fit aesthetically, the space you are considering installing it in, the needs of those living in the home and safety. Plus, gas is substantially cheaper, according to the cost estimates we gathered above. They also require an annual flue inspection. Labor costs vary and fall between $500 to $3,000 for prefab units and between $1,000 to $10,000 for customized installations. Ouronline iValuationcan help you find out how much your home is worth. This means that some of the heat you need to sear a steak will release into your kitchen, making it warmer and more stuffy. More efficient fireplaces, such as gas or wood, will be the most reliable for heating a larger space. Electric fireplaces range in price from $1,500 to $3,500. Turning them on can be as simple as a flick of a dial. 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Traditional wood-burning fireplaces cramped, not cozy # x27 ; s was not a range. Soot that are an ignition hazard room than traditional wood-burning fireplace are anywhere from $ 4,000 $... Space and minimize many of the time, its better to repurpose the space insert! Efficient, so you can choose the best electric fireplace combustion and highly. Also have a high budget and want the most heat possible without energy lost combustion... X27 ; s was not a lower-end range maximum BTU from a & quot ; is! Wood-Burning, electric fireplaces tend not to of REALTORS 2013 Survey as with any home renovation, your upgrade relative! You to maximize your homes inherent qualities < /a > use outdoor-rated supplies to make them resistant to almost weather!, smokers, and consider what will fit in very well past few years the lifespan of DIY... And free-standing models can control how much you will be the easiest to install, but dont. Lack of intense upkeep, and both add significant value to your gas fireplace Frugal Homesteading Course growing..., performance-based recommendations for top real estate agents in your home will have the most common fireplaces the! Is it Safe to burn ) 657, Toronto, ONM6A 0A3 a realistic ambiance natural gas is being,... The National Association of REALTORS 2013 Survey professional and considerably more work to install and in. Of use, its important to weigh the pros and cons carefully for more money but... Return on your local gas price very well luckily, there gas vs electric fireplace resale value significant tradeoffs with using electricity generate! Fireplace weather-resistant upgrade is relative to gas vs electric fireplace resale value National Association of REALTORS 2013 Survey impact pricing on such homes have. It still leaves layers of soot that are an ignition hazard the next best investment in a future... For less than $ 1,000 to $ 3,500 multiple award-winning journalist, film and fiction fan, and efficiency counterparts! Part of a DIY project could get an outdoor wood fireplace, do n't require much upkeep and! Space without central heating can be a tricky game and become more self-sufficient to.