While some homeowners may use a fireplace for heating, the appraisal form considers it an amenity in the same category as a patio or deck, a pool, a fence, or a porch. The DiMora Team are real estate experts sin the Northville and Novi neighborhoods and we know that just because the fireplace cost a lot of money to install does not mean that the market will place much value on it. In lower to moderately priced homes, they are not expected and therefore rarely add to the value. A fireplace value also hinges on the home overall and how well the fireplace matches the home’s quality. A large stone fireplace with a wood mantel is expected in a hunting lodge, but if the same fireplace was in a $200,000 home, it would be out of place and may even negatively impact the sale price. Check out below to see what sold in Cascades of Northville in November 2020:
18080 Cascade Drive, Northville: 4 bedrooms, 3.1 bathrooms, 2,741 sq. feet, 3 car garage, Sold Price: $570,000
Cascades of Northville Home Sold
November 2020
Fireplaces also make more of a value impact on homes in high-end neighborhoods, where a fireplace is often viewed as a design statement and baseline requirement for an upscale property. For more information on Cascades of Northville, or similar Northville or Novi neighborhoods such as Brooklane Ridge, Chase Farms and Bradford of Novi, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.