How much does a wood burning stove add to a properties value?

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  • How much does a wood burning stove add to a properties value?
  • tacopowell
    Member

    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.

    Premier Icon Drac
    Subscriber

    Probably bugger all but because of seemingly unend to rising fuel bills on gas and electric then you’re saving money more and more each year. Coal prices have stayed the same for us for the last 4 years.

    Premier Icon martinhutch
    Subscriber

    Nothing IMO. Not even convinced it would make it easier to sell, given that a fair few buyers of a small property wouldn’t want the faff and might prefer a gas or electric fire.

    Premier Icon footflaps
    Subscriber

    We end up just heating the living room with the fire most nights, rather than the whole house via CH, which saves a fair amount.

    trail_rat
    Member

    wouldnt pay any extra for one thats for sure – but it does give you a bit of a USP IF and only IF the buyer is looking for it.

    it was on our nice to have list when we bought.

    but gardens / garage / large kitchen were higher up the list.

    Premier Icon jam bo
    Subscriber

    depends on when your selling.

    in the middle of summmer? nothing.

    trying to sell on a cold winters day, i’d have the fire roaring.

    5thElefant
    Member

    Zero. If you’re paying for wood it won’t save you money either.

    slowoldgit
    Member

    It would make a difference if I were looking at houses with and without, for I’d want one. And I’d budget for installing one.

    My house seems drier with a working fire.

    Premier Icon weeksy
    Subscriber

    I’m pretty convinced our house sale was helped by having one.

    I know the buyers are particularly looking forward to it. But ours is a cottage in a village not a terraced in Salford.

    TooTall
    Member

    In 2003 and 2007 I sold houses I had renovated. I had put a wood burner in each house. Both buyers said that the stoves helped convince them in buying the house.
    Your results may vary, but a good stove as a feature isn’t going to harm it.

    globalti
    Member

    ……especially if it’s lit when the buyer comes to view.

    mrmonkfinger
    Member

    in a sample size of one, our previous houses* have all sold quite quickly after installing a woodburner**.

    * one of them

    ** speed of sale possibly unconnected to presence of woodburner

    oliverd1981
    Member

    It doesn’t relly sound like it would be in keeping with the property. Without sounding too snooty – isn’t that where the massive telly is meant to go?

    Premier Icon brassneck
    Subscriber

    Without sounding too snooty – isn’t that where the massive telly is meant to go?

    I’d hate to hear you when you were trying.

    If you want value, take 2K off the mortgage. If you want warm feet after a cold ride, go for it.

    crankboy
    Member

    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.

    trail_rat
    Member

    Massive telly – i get bored of tv quickly. Can watch fire for hours 🙂

    tacopowell
    Member

    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 😉

    Premier Icon martinhutch
    Subscriber

    If you’re staying, and a stove would make you happy, put one in. It’s not going to devalue your house.

    Premier Icon tommid
    Subscriber

    While it may not add value, I think it will make it more sellable.

    Around here (Norfolk) most houses have log burners and those that don’t seem to stagnate on the market.

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