Both the National Association of Realtors and the National Association of Real Estate Appraisers say that the addition of a quality gas fireplace in a home can increase the price of the home by several thousands of dollars. This number will vary regionally of course, but these opinions are really nothing new. Findings indicate that a gas fireplace is very desirable amenity that is practical and functional. Many people realize that a gas fireplace creates the ambiance and feel of a cozy, warm and safe place.
When it comes to resale value, studies have shown that half of the people buying a home are willing to pay more, if the home has at least one fireplace!