Installing a woodburner could add 5 per cent to your home’s value

Property: Woodburning stove add value home

Installing a woodburner could increase the value of your home by 5 per cent, according to the Daily Mail.

The newspaper reports that environmental awareness coupled with rising energy bills means that the presence of a wood-burning stove can make a property more valuable.

It says:

Soaring heating bills, environmentally-sound and clean fuels, and the return of people wanting more character in their homes have all contributed to a revival of the traditional fireplace and surround.

In fact, a feature fireplace can add up to 5 per cent to a home’s value. And at this time of year, the warm glow and crackle of logs burning in the hearth seem very appealing indeed.

On cutting heating costs, the Mail adds:

Heating just the room that you are in is certainly more cost-effective than centrally heating an entire house. Using wood as your heat source costs 2.5p per kw/h compared with gas at 4p and electricity at 11p, say HETAS, the solid fuels industry body.

Would that add up for your home?

Let’s do the maths to find out.

  • Take the value of your home and multiply by 0.05 to work out 5 per cent of its value.
  • Work out the cost of the woodburner you want. (The stoves on this list all cost less than £300.)
  • Estimate the installation costs. £1,500 to £2,500 is a rough guide, but you could use our stove installation cost calculator for a better idea.
  • Take the 5 per cent, then minus the stove cost and installation cost.
  • The figure you’re left with is how much value your woodburner could give you before savings on energy bills are taken into consideration.

Does a woodburner make sense for you?

If you calculated that installing a stove would make economic sense for you, you might want to nail down the precise cost of the appliance you would want to install.

Have a closer look at some of the options.

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