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A fireplace can increase a home's value by as much as 12%, with some reports indicating that homes with fireplaces list for around 13% more than the median sale price. Fireplaces are both functional and aesthetically pleasing, adding a charm that many homebuyers find desirable. The actual return on investment depends on the fireplace's size, type, and material.

However, a fireplace can detract from a property's value if it is unusable, not up to code, or in need of immediate repairs. The type of fireplace also matters; custom electric fireplaces and inserts can add value, while freestanding units that can be removed have less impact.

The height of the chimney for your outdoor fireplace depends on where the fireplace is located. Ideally, the chimney should be 2 to 3 feet higher than surrounding structures; this allows smoke to ventilate properly without endangering anyone or anything.

Note: Your municipality may have strict requirements regarding chimney heights, so it’s always a good idea to check local building codes.

For fireplaces that need ventilation, a pipe system can do the trick and send dangerous byproducts out of your house. The actual pipe installation will depend on the type of fireplace because pipe systems are unique to specific fireplace types. For example, the twin wall pipe for a balanced flue fireplace can only be used for that type of fireplace.

Depending on who’s doing the estimating, about 22,000 to 25,000 chimney fires happen each year in the United States. Given the fact that millions of Americans have fireplaces (and chimneys), that means chimney fires aren’t exactly common—but they’re not rare, either. Since they’re so dangerous, it’s important to take precautions to prevent them.