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In most cases, converting a wood fireplace to a gas fireplace will increase your home value because they burn cleaner, provide more warmth to your living area, and are far more convenient to use. Thanks to gas fireplace inserts that make your fireplace look like it’s full of burning logs, home buyers can still get the aesthetic appeal of a traditional fireplace plus the benefits of a gas fireplace if you make the conversion.

Even if a homebuyer has no intention of using the fireplace installed in the home they’re thinking of buying, it’s vital to know when the fireplace and chimney were last inspected. Aside from learning that it can operate properly, homebuyers will want to know that the structures themselves are sound and won’t affect the integrity of the surrounding home. With full knowledge, homebuyers can then make plans for any necessary repairs before they move in. 

Pellet stoves do require electricity to power their automated features, such as the pellet feeder, fans, and digital controls. However, their electricity consumption is relatively low compared to other household appliances. During a power outage, pellet stoves equipped with battery backup systems or manual ignition options can still operate, though fans and automatic feed mechanisms may not function. Have a backup heating plan in place for these situations, especially if you live in a region prone to severe weather events.

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.