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Home Improvement Answers from the Money Pit 11-13-12

PALESTINE, November 13, 2012— The Money Pit team provides time and money saving tips and ideas, helps listeners manage projects, and answers home improvement questions from callers. YourEastTexas.com is pleased to bring you a weekly update from the Money Pit to assist you in your Home Improvement endeavors.

This week’s Home Improvement answer:
Fireplace / Wood Stove real estate value
COREEN: I live in an older condo with a wood fireplace. Would a wood fireplace be more – have more resale value or would a free-standing stove?
TOM: I think a fireplace probably would have more value. It certainly might make the place more attractive to most buyers who make more emotional decisions than practical decisions.
LESLIE: And I think from a decorating standpoint, I know that freestanding wood stoves, to me – while, yes, they create a cozy little seating area, sometimes they pose a ginormous decorating dilemma.
TOM: Well, true, because they just have to be out there in the middle of everything, so how do you work around that?
LESLIE: Right. And they’re usually a certain color. It’s not the easiest thing to paint or change the look of.
TOM: Yeah, so I would stay with the fireplace. Wood stoves are more efficient but I wouldn’t replace it if you’re getting ready to sell the house. I would keep the fireplace. I think if you did something to dress up the fireplace, if you needed it – with a new mantle, that kind of thing, cleaning up brick, whatever, just make it look good – I would just stop right there. I don’t think putting the wood stove in is going to be something that you’ll get a return on that investment from, Coreen.
The Money Pit is a weekly radio show which can be heard on KNET 95.7FM/1450AM, on Saturdays, from 1:00 – 3:00 p.m.

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