Fireplace Facts

Best ROI Home Remodeling Projects

fireplace return on investment for home remodeling project

What Is ROI? Return On Investment – many financial organizations and businesses use ROI statistics as an important concept decision making on any financial or investment situation. When it comes to home remodeling, ROI is what you will get back when you sell your home. To calculate the ROI of a project, take the increased resale value after the completion of the project, and divide by the cost of the project itself.

When tackling any home remodeling project, think about if it is something you want as an ROI project or if it is simply lifestyle improvements. If your project is important to you and your family, but not particularly to anyone else (especially a potential buyer), it is most likely a lifestyle improvement.

Interior Visualization is important when selecting your home improvement project. You want the buyer to mentally move into your home and see if they can visualize living in the space with their own belongings with all the basic elements in place.

 

What are your plans for your home? If you plan on selling your home within the next 1-2 years, these home renovation projects may not be best for you. However, if you are planning on living there for several years, then larger home improvement projects become more valuable because you and your family will have had time to enjoy and appreciate it more, adding value to it. You also want to keep in mind the neighborhood in which you live. When working on a project, you don’t want to overbuild in comparison of your neighborhood because the smaller houses will lower the value of your home regardless of how nice it is.

 

Best ROI Home Improvement Projects

  • Installing or updating a fireplace – The National Association of Realtors 2013 Survey of homebuyer preferences listed fireplaces as one of their most preferred home features. Nearly 40% of those said that they would pay extra for a home with a least one fireplace. According to Marshall & Swift’s Appraiser Handbook, about 91% of the cost of a remodel can be recovered when reselling your home. Contact us for more information.
  • Kitchen Remodel – The kitchen can make or break a sale for a buyer. Surveys have found that projects that were budgeted at 6-10% of the value of the home see the best ROI.
  • Entry Door Replacement – This increases the curb appeal of your home, especially if it matches the style of the rest of the house. Most homeowners see a 68-102% ROI depending on the door type.

 

Worst ROI home improvement Projects

  • Master Suite Addition – Since this is typically a large and expensive project, it is often one with a low return during resale.
  • Sunroom Addition – Considering all the different parts that are needed in the construction of a sunroom, this can also become quite a costly project. Especially with the cost of installing windows.
  • Home Office Addition – May seem like a good idea at first, but can often become unused space. Many people prefer the freedom of working anywhere they like.

7 Reasons Why a Traditional Fireplace Provides Outstanding Value for Your Home

 

fireplace

In this day and age homeowners are going to great lengths to add the most unique and high-tech equipment to their homes to provide a more comfortable living environment. Most of these additions are very costly, expensive to maintain, and mostly go unused shortly after installation. A traditional fireplace is the type of addition that has been popular for centuries, and continue to be popular for homeowners and families alike. Additionally, traditional fireplaces are affordable to install, easy to maintain, and provide a unique experience for everyone in the family. Here are 7 reasons why a traditional fireplace provides an outstanding value for your home.

 

 

1.  Warmth at All Times

This may be an obvious reason to owning a traditional fireplace, but it is one that can be overlooked at crucial times of the year. While it is very clear that a fireplace can bring warmth to your home, it needs to be noted how influential this heat can be taken for granted until you are left without it. When the electricity goes out, a fireplace will more than likely be the only source of heat for your home. Therefore, the warmth that a fireplace can provide when all else fails a very important reason for installing for the return on investment it can bring your family and your home.

 

2.  Fire for Cooking

More likely than not your fireplace is located in your living room where you and your family spend the majority amount of time together while at home. Instead of having to run back and forth to the kitchen while cooking, take advantage of the cooking convenience and location of your fireplace when trying to make a meal. Additionally, if your fireplace is indoors cooking marshmallows and hotdogs on a stick can bring the fun indoors for everyone to enjoy!

  

3.  Ecofriendly

In this day and age, it is very important to provide an ecofriendly environment to all parts of your life.  Owning and using a fireplace for wood burning uses less fossil-fueled energy supply which is a great way to live ecofriendly. Furthermore, using your fireplace and burning wood uses a source that has a zero carbon footprint so you can be assured you are living comfortable and giving back to your living environment!

4.  Budget of Owning One

As electricity prices continue to rise, you can be rest assured that the price of maintaining an operating a natural fireplace will remain cheap and affordable for many years to come. There is no price for fire other than the time/effort you put into starting it. Following this further, while most home utilities require a qualified technician, most fireplace repairs and maintenance can be done by the owner which saves a lot for the wallet and the hassle of hiring someone. The main cost for a fireplace is wood, which will save you a lot of money in comparison to a growing utility bill.   

 

5.  Added Ambiance

Many homeowners go to far and expensive lengths to add additional ambiance to their home or living area. A project such as sun roof, or landscape lighting can run a homeowner upwards of two thousand dollars, let alone the time to hire a contractor and for installation. If you’re planning on owning your current or future home for at least five years, a traditional fireplace is a very affordable return on investment to own.

 

6.  Little Maintenance

Rarely do fireplaces require repairs, and if they do, the maintenance repair cost is low and affordable. Other than simple repairs, most of your maintenance will consist of replacing wood, and regular cleaning of ash and soot buildup. Fireplaces needed to be cleaned regularly, just as often as you clean your stove or floors overtime when they become dirty.   

7.  Provides Romance & Scent

Along with ambiance, a traditional wood burning fireplace provides the classic fire scent and extra romance to the home. Whether your curled up next to that special someone watching a movie or simply watching the flames of the fire in front of you. A traditional fireplace adds a touch of love and romance to home or living area. The scent of a wood burning has been replicated through candles, fragrances, and perfumes, but owning a traditional fireplace gives that unique smell that cannot be easily replicated.

 

Whether you’re preparing for the cold winter ahead, thinking about adding an addition onto your home, or simply looking for something to spark up your life, adding a traditional fireplace to your home provides the best return on investment for your living area and family. Make sure to check out Aspen Fireplaces large selection of traditional fireplaces to get yours today! For more information related to this topic, check out these other articles listed below.

 

https://www.ctsweep.com/blog/top-sweep-stories/benefits-of-fireplace/

http://www.weekendsonly.com/blogs/5-reasons-every-home-should-have-a-fireplace.aspx#.V9hkv5grK70

 

B-Vent Fireplace

When thinking of the word “fireplace” we often think of a traditional stone hearth with a warm blazing fire inside, with a tall chimney that extends out and beyond the roof top. While that’s true, there is another type of fireplace that uses ideally the same functionality as your average fireplace, with a few changes. The B-vent, or natural, fireplaces do not have a sealed combustion chamber, and the smoke ventilates through the buoyance of natural gas. It uses either a traditional chimney to vent, or a B-vent pipe that is enclosed in a combustible material.

 

To keep the flames going, a B-vent fireplace uses the air surrounding the fireplace opening. Naturally, since heat rises, the flue gasses are hot and ascend up through the chimney. This pattern of air flow allows the hot gas to exit the house. As the flue gasses make their way up the chimney, the interior walls of the chimney continually increase heat throughout the duration of the fire. The heated walls allow the gasses to maintain their temperature and increase buoyancy as well as speed, as the gas is emitted into the outside. The idea behind the B-vent fireplace is to use the natural draft and air flow inside the room to keep the fire going and develop a pattern up the chimney to emit the flue gasses.

 

For help deciding between which type of fireplace is right for you, contact the professionals at Aspen Fireplace. We know fireplaces better than anyone else in Columbus, and we have experts that are knowledgeable in the field that can answer your questions and help you make an educated buying decision. Don’t miss our summer specials on patio furnitureincluding table sets, chairs, sofas and umbrellas, perfect for any patio this summer. We even have a great selection of outdoor fireplaces that will have you prepared for the first cool Autumn night!

Fireplace Terminology

At aspen Fireplace, we like to communicate with our customers as clear as possible, but there are some important terms to know when researching and purchasing a fireplace or other gas appliance for your home. Use this reference guide of Fireplace terminology to understand exactly what you’re looking for in a fireplace.
 

B-Vent

A double- wall metal pipe used with range hoods and other appliances to ventilate the gas.

 

Blower

A motorized fan that circulates air through the fireplace convection air chamber.

 

British Thermal Unit/ BTU

A unit of measure used to calculate the amount of energy needed to convert 1 pound of water by 1 degree Fahrenheit.

 

Clearances

The required safe distance between heat sources or flammable objects. For instance, the distance between a stove, fireplace, or chimney and upholstery or fiber carpets.

 

Direct Vent

A direct line for gasses to be released straight to the outside. No chimney is required when using a direct vent.

 

Efficiency

The amount of warm air delivered by the fireplace into the room versus the amount of warm air that escapes through the chimney.

 

Flue

The inner part of the chimney in which gas travels up and out of the fireplace.

 

Gas Fireplace Insert

A factory created appliance that can be placed directly into an existing fireplace, or can be free standing. It will provide the same amount of heat, with better efficiency.

 

Modulating Control

An automatic system to regulate the fuel input to the gas fire.

 

Natural Gas

The gas that burns in a gas fireplace. It is an all-natural, clean burning, fossil fuel that comes into the home via pipeline.

 

Pilot

The flame that ignites the gas used to start a fire on a gas stove or other gas appliance.

 

Radiant Heat

Heat that flows from a central point and heats objects it passes along its way.

 

Thermostat

The digital device that regulates an inside temperature. The thermostat triggers the HVAC unit to start and stop based on pre-set and current temperature.

 

For questions about fireplace and gas appliance terminology, the professionals at Aspen Fireplace are here to answer your questions. We can also help you select the best fireplace or other gas appliance that is best for you and your family this summer.