A 2016 Angi survey found that most real estate agents (70% of them) thought fireplaces were a bonus, and a whopping 77% of buyers said they’d pay extra for a home with onei. But here’s where things get interesting: When it comes to how much value a fireplace actually adds, opinions differ.  Real estate agents believed an indoor or outdoor fireplace could boost a home’s worth by anywhere from $1,000 to $5,000.  However, only about 35% of buyers agreed with that estimate, while around 23% weren’t willing to pay even a dime more for a home just because it had a fireplacei. Now, installing a fireplace can cost you some serious cash. Depending on the type, you’re looking at anywhere from $400 to $2,000. And if you’re going for a fancy wood-burning fireplace, brace yourself for a potential cost of up to $30,000. In 2021, Redfin found that homes with fireplaces were listed for 13% more than the national median sale price. These homes would usually sell close to their asking price. This was especially true for gas fireplaces—which were quite the crowd-pleasersi. So, in a nutshell, the value a real fireplace adds to a home is a bit up in the air. From a reselling perspective, it makes sense to account for your expenses using a budget calculator to make sure you’re making money off of a new fireplace.