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It depends on the location of the home and, more particularly, the region’s climate. For example, a Florida homeowner can rest assured they won’t lose money at resale if their home doesn’t have a fireplace. However, buyers in Minnesota or other northern states known for frigid winters might offer a lower price if the home doesn’t come equipped with another way to stay warm.

Yes, you can put a freestanding one in a corner if you’re tight on space. Because pellet stoves don’t get as hot as other types of wood stoves, there only needs to be 3 inches of clearance from the wall on each side. Placing it in a corner should not impact the ventilation—you’ll still need to follow safety precautions by not installing too close to a window. Typically, it’s 4 feet from a window or 18 inches if the stove uses an external air source for combustion. Always check the owner’s manual for specific instructions.

Regular cleaning prevents the buildup of creosote and soot, ensuring good airflow and reducing the risks of chimney fires that could compromise safety.

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.