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Compared to certain types of firewood like pine or spruce—which burn off sticky resin contained within the wood that creates lots of smoke—elm isn’t the worst option for burning in a fireplace.

Because elm wood is dense, it burns at a moderate pace and does a pretty good job of keeping your home warm. Hardwood like maple or oak may perform slightly better, but elm isn’t a bad choice overall.

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.

Sometimes chimney caps blow off during storms or fall off after rusting away. While this typically won’t cause structural damage, failing to replace a chimney cap can. A chimney cap prevents moisture, animals, and debris from entering your chimney, all of which can cause serious problems, such as damage to the masonry or blockages in the flue.

The cost to rebuild a fireplace varies dramatically depending on what you want to do and the type of fireplace you are rebuilding. A simple electric fireplace can be replaced with ease and at a low cost. On the other end of the spectrum, a wood-burning fireplace could cost well into the tens of thousands. The good news is functioning fireplaces increase your home’s value and are generally a good investment.