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A fireplace can increase a home's value by as much as 12%, with some reports indicating that homes with fireplaces list for around 13% more than the median sale price. Fireplaces are both functional and aesthetically pleasing, adding a charm that many homebuyers find desirable. The actual return on investment depends on the fireplace's size, type, and material.

However, a fireplace can detract from a property's value if it is unusable, not up to code, or in need of immediate repairs. The type of fireplace also matters; custom electric fireplaces and inserts can add value, while freestanding units that can be removed have less impact.

Costs depend on stove type, venting complexity, and additional features like hearth pads or decorative finishes.

While hardwoods are the best woods to burn, a few types of woods should be avoided when burning. Wood that has not had time to season, or “green wood,” should be avoided. The extra water in the wood makes it smoke horribly, which is not a quality you want. Additionally, it’s best to avoid any wood that is manufactured or has been treated, including coated or sealed wood, painted wood, or pressure-treated wood. These woods have chemicals that will be released into your air when burned and can cause health problems.

A hot fire alone will not remove significant creosote buildup and can be dangerous, as it risks causing a chimney fire. While the warmth from a fire can help loosen stuck tar, making treatments like creosote logs more effective, it is not a substitute for proper cleaning. For existing creosote, the safest and most effective method is to have your chimney professionally cleaned by a chimney sweep.