How much does a wood burning stove add to a properties value?
Currently looking at pros and cons of a multi fuel stove in our lounge/dinner,
quotes to have the work done which includes pretty much everything (previous back boiler has left a hole in chimney breast) including stove are just over the £2K mark,
Question is, as this would be a stand alone stove and not used to heat the water/CH and more of a decorative piece (of course we’d get our money’s worth from it),
How much would it add to the value of our mid terraced 1958 ex council property??
I guess it’s would take some years to get our money back in saved fuel bills, particularly when there seems no end to energy cost rises.Posted 4 years agocrankboyMember
Why the obsession with adding value to your house the £2k cost and/or any perceived added value will be eroded or recovered by normal market fluctuations and ill thought out government schemes . If you want a wood burner get one you wont regret it if you want a guaranteed increase in equity pay some mortgage off.Posted 4 years agotacopowellMember
Thanks for all input, The question was asked out of curiosity really, First time buyer with the idea of staying here for many years to come
I guess we could install a massive TV instead and use it as a selling point to move on up to somewhere where a Stove would be more in keeping but then again I’m not sure we’d be welcome in such areas 😉Posted 4 years ago
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