Can Electric Fireplace Mantels Increase Home Value?

Can Electric Fireplace Mantels Increase Home Value?

A wood burning or gas fireplace can be an asset to virtually any home. Not only are they functional, but they can add a level of ambiance to a living room, kitchen, bedroom or den.

So what if your home doesn’t have a fireplace?

Adding on a traditional fireplace with chimney and vent can get expensive. You can expect the price of a fireplace add-on to cost more than the value that it adds to a house.

But what about an electric fireplace?

They are cheaper and easier to install. At the same time, they still offer the heat and ambiance of their competitors. The question is, “Does an electric fireplace increase a home’s value?”

These days, most electric flames use energy efficient LED lights as well as adjustable thermostats so you can keep your energy costs low. You can even operate most fireplaces without the heat feature, keeping operating costs low at just pennies per hour.

Long story short, I believe that they can. Let me explain why:

1. Electric Fireplace Installation is a Cheap Remodeling Project.

Compared to other home renovation projects, well-designed electric fireplaces can really pay off. Keep in mind that many installs don’t require special wiring, and of course the cost of venting is avoided altogether.

In most cases, homeowners don’t even need to hire a contractor and can complete the entire install themselves in an afternoon or less. This can result in a huge cost savings.

2. Electric Fireplace Mantels Can Add Lots of Functionality

Many of these units can put off a good amount of heat, some covering up to 1,000 square feet. Smaller models can be perfect for guest rooms or dens, while larger heaters can be great for guest cottages, living rooms or even small homes.

In addition, some units include a tv stand (with a high weight capacity) or a bookcase surround. These can be nice for additional storage and added functionality in rooms that otherwise don’t have storage or lack a focal point. That said, they may not work so well in smaller rooms with limited space.

3. You Don’t Need Design Skills to Install an Electric Fireplace

Since an electric fireplace is typically a super simple installation process, you don’t need to hire an interior designer or have design skills yourself. In fact, it’s fairly easy to transform a dull and boring room into one that is charming and inviting with a well-designed fireplace that you pick out yourself.

I suggest looking for an electric fireplace with a custom-looking mantel that matches the design of the home (ie stone, wood, modern, rustic, etc..). I don’t think it necessarily needs to appear “built-in” as long as it fits well in the space.

Media Fireplace
Media Fireplace
TV Stand Combo

Wood TV Stand Fireplace in Living Room
Wood TV Stand
w/ Fireplace Insert

Whiskey Maple Fireplace with TV on top
Whiskey Maple
Faux Stone Fireplace

Faux Stone Fireplace with Pine Mantle
Rustic Pine & Stone
Electric Fireplace Mantel

Antique White Gossamer Fireplace in Country Home
Antique Ivory Gossamer
Wall Fireplace Mantel

Black Fireplace Media Console with Entertainment Center
Modern Electric Fireplace
Entertainment Center

Another tip…

…is that painting the wall behind a fireplace can enhance the look of the unit. A darker shade or contrasting color can make the space look more elegant, help the mantel stand out or even blend in. This is a cheap and easy re-decorating tip that homeowners can do themselves. Of course, a fresh coat of paint is yet another way to increase the value of your home.

My Advice:

Don’t add lots of clutter around your new fireplace. If you choose to add accessories around the hearth like planters, vases or other decor, I suggest using more “expensive-looking” items rather than knick-knacks. This will give the appearance of a more expensive-looking fireplace and more, which in turn has the tendency to increase the home’s value.

As you might expect…

The actual value increase amount depends on the electric fireplace you choose as well as the design and layout of the room. Ideally, you want to go for quality plus value. You don’t want to install a cheap-looking unit, while at the same time, you don’t want to over-spend if you don’t have to.

Here’s What to Look For to Maximize Your Home’s Value:

  1. Fireplaces with heaters
  2. Custom-looking design that provides ambiance and style
  3. Features that add function, like storage

So, Can Electric Fireplace Mantels Increase Home Value? Yes, I think so.

Do Electric Fireplaces Give Off Heat?

Paramount Electric Fireplace Insert in Living RoomWe all enjoy the flickering flame of a fireplace, but some of us want to use our hearth to heat (or partially heat) our home. So the question is, “Do electric fireplaces give off heat?”

Some units do act as heaters, and they can work surprisingly well to warm up a room or small space similar to a high quality space heater. That said, it doesn’t mean that an electric model is best for you. This will depend on the space you want to heat.

How Heat is Generated from an Electric Fireplace:

Since electric fireplaces don’t actually have a real flame, the heat typically is generated from a built-in infrared or electric heater. Therefore, you can calculate the cost to operate your fireplace as a heater by the unit’s wattage multiplied by the kWh rate your electric company charges you multiplied by the time your use the unit.

Watts x kWh Rate x Hours of Use

Electric Fireplace Cost Saving Factors:

The advantage that electric fireplaces have vs gas or wood-burning is that many models provide the option to turn on the flickering flame with or without the heat. Therefore, if you want to run the unit in the summertime without additional heat, you can still enjoy the fire.

When you operate an electric fireplace without heat, it costs significantly less to run. You can enjoy a flickering fire for only pennies per hour!

Also, many consumers overlook the maintenance cost when shopping for and comparing their options. Electric fireplaces require minimal maintenance, servicing, repair or replacement parts. Therefore, they usually last longer with less expense.

How Well Do Electric Fireplaces Heat?

Sonax Electric Fireplace and TV StandMost people say that gas and wood-burning hearths give off more heat than electric models. That said, we also want to keep in mind that a significant amount of that heat is lost up the chimney. Electric fireplaces are more energy efficient because they don’t lose a portion of the heat they generate.

Another factor to look at when comparing electric models is that the power they use. The more power they use, the more heat they can generate. However, this means that they cost to operate as well.

To maximize heat from an electric fireplace without spending lots of money, don’t heat a giant space with high ceilings. Instead, use them to heat small to average-sized rooms up to 500 square feet. Alternatively, you could use them for ambiance in a larger living room.

Electric fireplace heaters can be found in a variety of styles: wall-mounted, free-standing models, TV stands with built-in fireplace inserts and smaller portable units.