Why Having a Gas Stove Can Increase Your Home’s Value
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Here's your Money Briefing for Tuesday, January 24th. I'm J.R. Whelan for The Wall Street Journal. You may have heard about the recent controversy surrounding gas stoves and talk of the possibility of a federal ban. Well, that hasn't happened yet. But if you ask homebuyers what they want in the kitchen, they say, turn up the gas.
Potential home buyers really want gas. If they have their druthers, they will go for gas. They say food cooked over flames heats more evenly, tastes better than when done on a traditional electric stove.
Wall Street Journal personal finance reporter Veronica Dagger has been talking to real estate professionals about the value of a gas stove in the kitchen and whether an electric stove could be a deal breaker for sellers.
We'll talk to her about that after the break. This podcast is brought to you by ReliaQuest. Cyber criminals are constantly attacking. They want your data. They want your identity. They want your innovation. ReliaQuest fortifies your business with agentic defense, AI that detects, contains, and eliminates cyber threats in minutes. It helps your security team move faster at the work that matters most to protect the business now and delivers insights to help them predict what's next. ReliaQuest, agentic defense for the enterprise. Learn more at ReliaQuest.com. That's R-E-L-I-A-Q-U-E-S-T dot com.
Putting your home on the market? The market might not be as red hot as it was a year ago, but a gas stove in your listing might invite a few extra knocks on the door from potential homebuyers. But how much has the recent controversy surrounding gas stoves affected their popularity? Wall Street Journal personal finance reporter Veronica Dagger looked into that, and she joins me with details. Veronica, thanks for being here.
Thanks for having me, JR.
So, Veronica, catch us up for just a moment. What caused the recent controversy surrounding gas stoves?
This controversy ignited or reignited this month after federal regulators said that they were considering restrictions on gas ranges. So there was a quote from Richard Trumka Jr. He's a commissioner with the U.S. Consumer Product Safety Commission. He told Bloomberg News on January 9th, he said, products that can't be made safe can be banned. And in that context, they took it as He was speaking about gas ovens. Now, fast forward a few days later, a White House spokesperson said President Biden did not support the ban on gas stoves. But this controversy is still going to be going on in the weeks and months ahead. There's still going to be some debate about this we're seeing.
How has that changed the popularity of gas stoves among homebuyers?
Well, it hasn't. The needle really hasn't shifted at all. About 51% of homebuyers prefer gas for cooking, and that's compared to about 39% of people who prefer electric. And that's according to a 2021 survey by the National Association of Home Builders. The rest of the folks said they had no preference or didn't know. So generally, homebuyers, homeowners prefer gas. The reality is most people have electric.
All right. So what are you hearing from real estate agents about the popularity of gas stoves among prospective homebuyers?
Potential home buyers really want gas. If they have their druthers, they will go for gas. They say food cooked over flames heats more evenly, tastes better than when done on a traditional electric stove. The gas range may slightly boost a home's value as well, realtors tell me, especially if the stove's overhead exhaust vents out, which means that the fumes from the stove are vented outside automatically.
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