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Costs range from $500 to $5,000, depending on fire alarms, sprinklers, and safety equipment.

The short answer is yes, but the longer answer is more complex. Unless the fireplace is ventless by design, you’ll need some type of exhaust pipe system to safely send fumes and other harmful byproducts out of the house. Even then, ventless fireplaces are not always permitted because they do keep the byproducts inside of your house. Ventless fireplaces are safest when installed in spaces that are themselves well-ventilated, like large rooms with lots of windows.

EIFS has several disadvantages, primarily related to cost and moisture. The system tends to have higher upfront installation costs compared to other siding options, and repairs can also be expensive, especially if water damage occurs. A significant downside is its low breathability, which can trap moisture between its layers from either leakage or condensation. This trapped moisture increases the risk of developing mold and rot, which can lead to costly and extensive repairs if not addressed promptly.

Wood-burning fireplaces typically make homeowners insurance more expensive, simply because they increase the risk for a fire in your home. Gas and electric inserts are less likely to bring up your insurance rates, but you should always speak with your agent to understand how installing any type of fireplace will affect your premiums.