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Fireplaces can theoretically help you save on heating bills if you lower the temperature throughout the rest of your home and heat only a single room that you occupy using the fireplace. However, in most cases, homeowners won’t save any money on heating bills. Gas and electric fireplace inserts could actually lead to a spike in your respective energy bills if you use them frequently, and if you don’t keep up with chimney maintenance and repairs, your traditional masonry fireplace could actually be a source of heat loss in the winter.

Fireplace inserts can increase home value when installed correctly. Since they improve heating efficiency significantly, this will be a bonus to homeowners who are looking for a functional alternative heat source. Plus, inserts are less maintenance and less of a liability than a traditional fireplace. You’re very likely to recover fireplace insert installation costs when you sell your home.

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.

Yes, you should seal and cap an unused chimney to protect it from damage. Sealing the structure helps prevent moisture damage, which can lead to issues like cracks, spalling, efflorescence, and damaged mortar joints. Capping the chimney is also crucial to prevent blockages, damage from invasive critters, and downdrafts, while still allowing for proper air ventilation to manage moisture. For the best results, consult a chimney professional to select the right type of chimney or flue cap for your home. It's also wise to continue with annual chimney inspections to maintain the structure's integrity.