To install a wood-burning fireplace, the average homeowner can expect to pay between $860 and $3,500, according to HomeAdvisor’s True Cost Guide.
Can I add a wood burning fireplace to my home?
If you want to add a wood-burning fireplace, you need space above to get a chimney through the roof. In two-story houses, choices for placing the fireplace might be more limited, but often you can find the 12- to 14-inch space the chimney requires by enclosing a corner of a room or a spare closet.
How much does it cost to add a fireplace to an existing house?
The average fireplace installation cost is $2,500. Fireplace prices can vary from $1,000 to $4,500, with the price dependent on if it’s electric, wood-burning, or gas. The fireplace unit can come with a price tag of $2,000, and the installation can cost an additional $2,200 for the labour.
Do you need a chimney for a wood burning fireplace?
Yes, it is possible to add a wood burning stove or a fireplace without an existing chimney, but you do need to install a chimney in the process. All wood burning fireplaces have to have a way to allow smoke and dangerous gases to exit your home. … But you also don’t have to build a large brick or rock fireplace.
How hard is it to add a fireplace to a home?
Modern fireplaces – both wood-burning and gas-fueled – are much easier to install than building a traditional masonry unit. Fireplace inserts are even easier, because they’re pre-built from the factory and require only an opening to fit in to.
Does a fireplace increase home insurance?
A woodburning stove or fireplace can increase your home insurance premium by about 10% or $100 a year depending on which insurance provider you’re with. You can choose to keep it a bit lower by having a higher deductible and making sure you are not paying for features you don’t need.
Is adding a fireplace worth it?
The opinion of the National Association of Real Estate Appraisers is: “A homeowner can often recover over 100% of the expenses associated with adding a fireplace upon selling their home. Adding a fireplace can increase the resale value of the home by as much as 6 – 12%”.