Deciding to install a fire pit in your backyard can be a double-edged sword. On the one hand, you get to enjoy the outdoor space on those chilly winter nights.
Plus, you can cook on the pit and even make s’mores.
However, fire pits do have their fair share of issues. For starters, you’ll have to take many safety precautions into account.
Other than that, you can’t use the devices for more than half of the year. So, many people wonder if the investment is worth it.
To make the decision easier, I’ll walk you through what a fire pit can do for the value of your home.
The simple answer to this question is yes, a fire pit can add value to your property.
According to a survey by the National Association of Realtors, the device can boost the desirability of your home. In some cases, it can realize a 67% return on investment.
That’s because many homeowners think a fire pit in the backyard is an upgrade to the outdoor space.
While some homeowners can see a 67% return on investment, that’s not always the case. There are a few factors that can affect the resale value of a fire pit.
Fire pits come in many shapes and sizes, and manufacturers make them out of all sorts of materials. For example, these devices may consist of metal, stone, or even cinder blocks.
The material you choose will have an impact on the resale value because of wear and tear.
Some of these building blocks are more durable than others. This means they’ll be able to resist the elements and stay in pristine condition.
In that case, they’ll fetch a nice return on investment. Yet, if your fire pit shows clear signs of weathering, it won’t maintain much of its original value.
You can choose between countless designs when it comes to fire pits. For instance, you can go for a subtle device with a rustic finish.
While this will keep your backyard warm, it won’t add much value to your home.
Besides that, there’s always the option of a flashy fire pit with a water feature. Not only will this boost the value of your property, but it’ll also give you an incredible view.
When buying a fire pit, it’s a good idea to remember that each device has special installation requirements.
Some will need a large open space, while others require you to dig a foundational layer.
So, as you make the decision, you should consider how reversible the process is. If you can undo the construction, you can maintain the value of your home.
At this point, you should know that a fire pit will boost your home value. Yet, why that’s the case may be a mystery to you.
So, let’s shed some light on the topic together.
Right off the bat, a fire pit can improve the functionality of your home. It’ll allow you to make full use of your backyard during the winter.
Otherwise, it’ll just be a waste of space when the nights get chilly.
Plus, a fire pit is excellent for toasting marshmallows and grilling.
A fire pit can completely change the overall aesthetic of your backyard. It adds a cozy quality that makes you want to curl up by the fire and relax.
Not only will this give your backyard a charming air, but it’ll also make it more attractive to potential buyers.
Everyone knows how the heating bill skyrockets as soon as winter comes around. Well, with a fire pit, you can keep your energy costs at a minimum.
Since you can burn wood and other fuel in the pit, you won’t need to rely on electricity.
Does a fire pit add value to a home? The simple answer is yes, it can positively impact the resale value.
That’s because it can improve functionality, boost curb appeal, and enhance energy efficiency.
In some cases, homeowners recorded a 67% return on investment. Although, that’ll depend on the design of the fire pit and its durability.
Ben has a bachelor’s degree in construction engineering. When not constructing or remodeling X-Ray Rooms, Cardiovascular Labs, and Pharmacies, you can find him at home with wife and two daughters. Outside of family, He loves grilling and barbequing on his Big Green Egg and Blackstone Griddle, as well as working on projects around the house.
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