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Pellet stoves are used as heat sources for homes. They work by burning biomass pallets, which might be composed of wood, sawdust, or food waste. The pellets are stored in the stove's hopper until the stove is ignited, at which point some are released into the stove's firebox to burn for heat. Unlike most fireplaces, pellet stoves have a thermostat that adjusts the temperature by releasing more or fewer pellets, depending on how warm you want to make your living space.

The disadvantages of a wood-burning stove include a slow heating time and the effort required for fuel. It can take about an hour for a cold stove to produce noticeable heat. Additionally, homeowners must source their own fuel by buying or chopping firewood, cutting it to the appropriate size, and storing it in a dry place. The fire also requires regular attention, as you'll need to add more logs throughout the day.

The answer can vary widely based on a home's age and design. As with any type of remodeling project, assume that every structure is load-bearing until confirming otherwise with a structural engineer. Almost all modern homes have chimneys that are fully independent from the rest of the home's framing. As a result, they don't bear any load beyond their own weight. However, many historic homes built prior to the 1900s contain load-bearing chimneys that tie into the surrounding roof and floor joists. If possible, use a home's blueprints or look for chimney connections that indicate load-bearing qualities to get your answer.

You can build a fireplace on an existing house, but it’s much easier to construct a masonry fireplace when building a new house. To add to an existing house, you’ll need to build a chimney and ensure the foundation can support a true masonry fireplace. Alternatively, you can purchase a gas or electric fireplace insert, which isn’t as complicated to add to an existing structure.