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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.

Yes, you need to leave your chimney damper open when burning a creosote log so that smoke and other debris doesn’t waft into your house as it’s burning. You’ll need to make sure your damper is fully open, even when the log continues to smoke, until it’s completely out and cold.

One disadvantage of a wood furnace is that you need a constant supply of wood to run it. Even if you have a good amount of wood on your property (or have another way to get affordable wood), you’ll still need to chop it, store it, and re-fuel your furnace with it to keep your house heated. 

A sneaky but important element to how long your new fireplace runs is choosing the right burner size. Avoid choosing a bioethanol fireplace with a small burner (less than two gallons) and opt for one that holds between two to four gallons for a longer burn time or else you’ll be stuck frequently refilling your fireplace.