Do Fireplaces Add Value to Your Home? Real Estate Facts for Maine Homeowners

In the heart of Maine, where winters are long and temperatures often drop below freezing, fireplaces have remained a cherished feature in many homes. Beyond their ability to provide warmth and comfort, many homeowners wonder: Do fireplaces actually add value to a home? This is more than just a cozy consideration—it’s a question that touches real estate value, buyer psychology, and long-term return on investment.

Let’s explore the real estate facts Maine homeowners need to know about fireplaces and their true impact on property value.

Fireplaces Are More Than Just a Luxury

Imagine stepping into a Maine home on a cold January evening. The scent of burning wood lingers faintly in the air, soft flames flicker across the room, and a radiant warmth fills the space. For buyers, this scene often creates an emotional pull that no central heating system can replicate.

Real estate professionals consistently report that fireplaces stand out as a desirable home feature. On average, homes with fireplaces sell for about 13% more. In colder regions like Maine, where winters demand practical heating solutions, this feature becomes even more attractive.

Fireplaces aren’t just about ambiance—they can influence a buyer’s decision and enhance a property’s perceived value.

What the Data Says About Fireplaces and Home Value

1. Resale Value and Buyer Demand

Studies show that fireplaces can increase a home’s resale value by 6–13%, depending on the type, condition, and placement. In Maine, where energy efficiency and comfort are top priorities, that percentage may be on the higher end.

Many buyers see fireplaces as a sign of craftsmanship and timeless charm. Even modern properties with gas or electric units highlight them as a focal point in living rooms or master suites. Simply put, fireplaces give homes an edge in a competitive market.

2. Regional Advantage in Maine

In warmer climates, fireplaces are considered a luxury. But in Maine, they are both practical and appealing. With long winters, snowstorms, and the occasional power outage, fireplaces provide a sense of security. A well-maintained wood or gas fireplace can serve as a reliable backup heat source when traditional systems fail. This practicality resonates strongly with Maine buyers.

3. Energy Savings Potential

A fireplace can also contribute to reduced heating costs. While not a replacement for central heating, efficient wood stoves or gas fireplaces can offset high utility bills during peak winter months. Maine residents, who often face steep heating oil or propane prices, value this potential savings.

Why Maine Homeowners Should Consider a Fireplace Investment

So, should you install or upgrade a fireplace if you’re planning to sell your home? Here are the reasons why Maine homeowners should seriously consider it:

1. Emotional Appeal Sells Homes

Homes don’t sell on logic alone—they sell on emotion. Buyers may compare square footage, number of bathrooms, or school districts, but when they picture themselves living in a home, the cozy warmth of a fireplace often seals the deal. It creates an experience, not just a feature.

2. Types of Fireplaces and Their Impact

• Wood-Burning Fireplaces – Traditional and charming, especially in historic Maine homes. However, they require more upkeep and regular chimney sweeping to remain safe.
• Gas Fireplaces – Convenient and efficient, with the push of a button. They often appeal to modern buyers who want ambiance without the hassle.
• Electric Fireplaces – Budget-friendly and versatile, though they don’t provide the same resale value impact as wood or gas units.

Each type has pros and cons, but all can enhance your home’s desirability when properly installed and maintained.

3. Design and Placement Matter

A fireplace in the living room can boost home value significantly, but adding one to the master suite or outdoor patio can elevate the property even more. In Maine’s real estate market, fireplaces in main gathering spaces are most influential.

4. Return on Investment (ROI)

While the ROI of installing a new fireplace varies, many homeowners recoup 70–80% of their investment upon resale. Paired with the emotional factor it adds during showings, this makes it one of the smarter upgrades for Maine homes.

5. Safety and Maintenance Enhance Value

A neglected fireplace can be a liability instead of an asset. Home inspectors often flag dirty chimneys, cracked masonry, or outdated systems. Homeowners who schedule annual chimney inspections and sweeping not only ensure safety but also preserve this feature as a selling point.

What Maine Homeowners Should Do Next

If you already have a fireplace:

1. Schedule a Professional Inspection – Before listing your home, ensure the fireplace is safe, clean, and fully functional. Buyers feel more confident when they know they won’t face costly repairs.
2. Upgrade Where Needed – Consider replacing old fireplace inserts with energy-efficient models or updating the mantel and surround for a modern look. Small upgrades can have a big impact on buyer perception.
3. Highlight It in Your Listing – Don’t just mention the fireplace—make it a focal point in your real estate photos and descriptions. Words like “cozy,” “inviting,” and “warm” resonate strongly with buyers.
   

If you don’t have a fireplace:

1. Weigh the Investment – Installing a new fireplace is a big decision, but in Maine, it often pays off. Work with local professionals to determine costs versus potential resale gains.
2. Choose the Right Style – Match the fireplace to your home’s character. A rustic stone fireplace complements a farmhouse, while a sleek gas insert may suit a modern condo.
3. Consider Future Buyers – Think long-term. Even if you’re not selling soon, a fireplace enhances daily comfort while also preparing your home for a stronger resale position.

So, do fireplaces add value to your home? For Maine homeowners, the answer is a resounding yes. Beyond increasing resale value and buyer demand, fireplaces offer unmatched comfort, energy savings, and peace of mind during harsh winters.

Whether you’re preparing to sell or simply want to enhance your living space, maintaining or installing a fireplace is a wise move. Just remember: a fireplace only adds value if it’s safe and well cared for. That’s where professional chimney services come in.

At Frechette Chimney Sweeping, we specialize in keeping Maine fireplaces and chimneys in top condition. From inspections and cleanings to masonry repairs, we help homeowners maximize both safety and property value.

If you’re considering selling your home—or simply want to make it warmer, cozier, and more valuable—start with your fireplace. The investment today could mean a faster sale and a higher return tomorrow.

Frechette Chimney Sweeping
1550 Main St, Sanford, ME 04073
(207) 608-0564