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Yes, capped chimneys should still be vented. Failing to vent a chimney will result in condensation buildup inside the chimney, which commonly results in mold growth. If mold begins to grow in a chimney, it frequently goes undetected and spreads quickly through the home. Mold and moisture can damage the structural integrity of your home, and exposure to mold can cause discomfort and illness in residents.

Yes, removing a chimney is a difficult and major undertaking. Chimneys often provide structural support to a home, so if it's a load-bearing structure, you'll need to take extra precautions to maintain your home's integrity. A project of this complexity typically requires a structural engineer, a masonry contractor, and a demolition crew. The removal process may involve taking the chimney out brick by brick from inside the walls. The cost for chimney removal can range from $2,000 to $10,000, depending on the job's complexity. Due to the difficulty and cost, some homeowners opt to remove the fireplace and seal the chimney at the top and bottom, sometimes also removing the visible exterior portion at the roofline.

More and more insurance companies are writing torch down applications out of their liability insurance for contractors. If torch down is covered, they generally require a worker to stay on site for two hours after the last flame is extinguished.

For this reason, cold application modified bitumen—also known as “peel and stick”—is becoming more popular, and torch down is decreasing in popularity. Modified bitumen is taking its place, as it uses both hot and cold applications.

Rolled roofing averages $1.50 to $3 per square foot, with an average installation price of $7,500. This is less expensive than the normal cost for new roofs—traditional styles run between $4.35 and $11 per square foot, averaging $14,400.