Ceiling fans are outdated, right? Everybody is opting for air conditioners nowadays, yes? Well, sort of. However, this doesn’t stop people from asking ‘does a ceiling fan add value?’.
Yes. Ceiling fans can add value to a property. You will be surprised at how many people want ceiling fans alongside air conditioning. They are cheaper to run, and people love to save money. Adding a few proper ceiling fans to your home could potentially increase the value by several thousand dollars.
While we can’t promise you how much value a ceiling fan will add to your home, let’s explain why it does add value.
Does a Ceiling Fan Add Value To a Home?
Yes. There are several reasons for this.
Firstly, people love their homes to look good. Ceiling fans, if selected properly, can be great decorations. They can really add to the aesthetic appeal of a property. People love to spend extra cash on something that looks a bit more modern. Because of this, brand new ceiling fans are probably going to add more value to your property than ones that have been sitting on the ceiling for a while.
Although, don’t get us wrong. Any ceiling fan is going to add value.
The main reason why ceiling fans add value, however, is down to the fact that they are cheap to operate. People love to have air conditioners in their homes, but with rising energy costs, people are starting to use them infrequently. Having a ceiling fan installed can benefit these people.
A ceiling fan can negate the need for an air conditioner to work hard. This saves money. In fact, a good air conditioner and ceiling fan combo can keep the home cool without sky-high energy bills.
In some parts of the world, you don’t even need an air conditioner if you have a ceiling fan installed. So, again, you are going to be saving a ton of cash here.
People love to save money, and since more people than ever are now having ceiling fans installed in their property, it makes sense to spend a bit of extra cash on something that has ceiling fans ‘ready to go’.
Is a Ceiling Fan a Good Investment For a Home?
Even if you are not planning on moving in the near future, it may still make sense to have ceiling fans installed. They can make a good investment.
For starters, ceiling fans will increase a property’s value for years to come. Even if the ceiling fans start to look a little bit old and worn down, people are still willing to pay a premium for the fact that there is a location in the ceiling where they can put their own unit.
You will also benefit from the fact that having a ceiling fan installed is going to save you a whopping amount of cash when it comes to your energy bills. On that front, it makes a pretty solid investment. On some days, you may not even need to have your air conditioner switched on.
How Much Will The Value Of a Home Increase With a Ceiling Fan?
How much the value of your home will increase can be tough to quantify. You certainly aren’t going to be adding tens of thousands of dollars to the value of your home. We can assure you of that.
However, if your home has well-placed ceiling fans that are in keeping with the overall aesthetic of the property, then we wouldn’t be surprised if you found it easier to command a price a bit closer to the asking price for your property. Basically, it is going to be an easier sell.
Many real estate agents inside that ceiling fans could add a couple of extra thousand dollars to the property. Pretty much what you have spent on them. However, it is the faster selling of your property that is really going to help. Remember, ceiling fans are much more ‘green’ than air conditioners, and people love ceiling fans because of this.
How Do You Increase The Value Of Your Home With a Ceiling Fan?
If you want to stand the best possible chance of increasing the value of your home with a ceiling fan, then there are a few things that you will need to do.
For starters, you will want to buy quality ceiling fans. These ceiling fans should be in keeping with the aesthetics of the property. So, if the property looks quite modern, then opt for modern ceiling fans. If you have a more traditional home, then wooden ceiling fans that have a more traditional vibe to them will help.
You will also want to ensure that you have the ceiling fans located in the right places. In most cases, this means placing the ceiling fan in the center of the room. However, you will need to think about the room layout here. Some of us have oddly-shaped rooms and placing the ceiling fan in the dead center benefits nobody. You want to ensure that it is in a place that gets the most foot traffic e.g. if there is a seating area in your living room, then the ceiling fan should be located over that area.
If you can only afford to have ceiling fans installed in some parts of your property, we recommend that you focus on the bedrooms and living room. These are the most heavily-used rooms, and they are the rooms where people tend to prefer having a ceiling fan installed.
Final Thoughts
A ceiling fan can add value to a property. Not only will it make the property look more aesthetically pleasing, but a few well-placed ceiling fans can make the property cheaper to run on the energy front. If you are planning on selling your home, then it may be worth talking to a real estate agent to find out how much value some ceiling fans can add. In many cases, they will add a few thousand dollars to the value of your property.
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