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Types of Fireplaces and the Pros and Cons of Each

Adorable Golden Retriever dog on floor near electric fireplace indoors

When’s the last time you chose to sit in front of your furnace for a romantic or relaxing evening at home? But snuggle up next to a cozy fire? Yes, please. Whether you’re a home buyer or a homeowner looking to remodel, you’re more likely to get a fireplace you’ll use and enjoy if you check out your options carefully. Start by exploring types of fireplaces, including the pros and cons of each one.

How common are fireplaces these days? More than half of all homeowners (57%) have some type of fireplace, wood-burning stove, or other hearth product in their home, according to the Hearth, Patio & Barbecue Association Given the number, you might imagine fireplaces are popular with most buyers. They aren’t currently one of the most in-demand features in homes, but they’re still seen as a plus, according to Angi. And that’s especially true if you pay attention to the type and value of the fireplace.

Whether you’re shopping for a new home with a fireplace or remodeling a current fireplace, you have myriad options that will fit your décor, maximize space, and offer an efficient heat source.

How to Choose the Best Types of Fireplace for Your Home

Whether you have a wood-burning fireplace, a gas fireplace, or an electric fireplace, it will quickly become a room’s focal point. You can choose to make it pop or blend into the surroundings. If you don’t like what you see, you can reface, paint, stain, or remodel the fireplace. But before starting the project, you’ll want to answer some questions to make sure you get what you want:

  1. What design options do you like? You can choose from surround materials ranging from stone to tile to brick. Do you want painted or unpainted? Mantel or no mantel?
  2. What design fits with your home style? Shiplap or reclaimed wood pair well with a modern farmhouse style home. Or do you prefer something sleek and modern — maybe white with a black insert and marble surround? If you don’t have a fireplace and like mid-century modern design, a freestanding fireplace with glass and metal may be a good option.
  3. Do you want to refresh or remodel rather than replace your fireplace? If so, you could repaint the brick surround on the fireplace exterior yourself (using fire-resistant paint). For more-extensive remodeling, make sure the fireplace is in good working condition.
  4. What are your options if you’re moving into a home with a fireplace? Get help to inspect and service the fireplace. A home inspector can do a thorough check. “[We] look at the firebox and the damper and make sure the bricking inside is not cracked,” says Tom Unverzagt, owner of WIN Home Inspection in Smithtown, Long Island, N.Y. Inspectors will look at any steel for buckling and check the chimney for creosote, he says. They’ll scope out the roof, including the chimney top and rain cap, and send a camera into the flue to make sure it’s clear. Another option is a hearth dealer, says Karen Arpino, executive director for three regional affiliates of the HPBA. “Many are chimney sweeps. They can do installs and service. They’ll check the chimney and can discuss remodeling options.”
  5. What are your goals? Adding or updating a fireplace may or may not add value to your home, so make sure your goal is realistic, says Maureen Sweeney, incoming chair of the National Association of REALTORS® Real Property Valuation Committee and a working appraiser. “Don’t make a fireplace purchase based on what you think the return is going to be. It is 100% impossible to say, ‘This is your return on investment.’ Instead, install a fireplace because it will make you happy.”

Types of Fireplaces

Plenty of older homes in the U.S. still have a traditional open masonry wood burning fireplace. This type is what it sounds like: It works by burning wood in a firebox, creating heat through combustion. But that type of fireplace actually robs a home of heat, Unverzagt says. “You have draft; there’s smoke that goes up the flue and draws air from the house into the fire up the chimney and out.” The average wood fireplace operates between 5% and 15% efficiency, drawing almost as much heat up the chimney as it’s producing, according to Energy.gov.

If you’re in that situation, consider retrofitting by having an insert installed covered by heat-resistant glass doors. The change can double the fireplace’s efficiency rate and increase safety by keeping embers and ash in the firebox.

Your next decision is the type of fuel you want to use: wood, pellets, natural gas or propane, or electricity. To make that decision, start with the pros and cons of each.

Wood-Burning Fireplace Pros and Cons

Arpino offers these pros and cons of wood-burning fireplaces:

Pros:

Cons:

Natural Gas Fireplace Pros and Cons

Natural gas fireplaces are fueled by either natural gas or propane, both of which burn more cleanly than wood or coal. They’ve come a long way, Arpino says, listing these pros and cons:

Pros:

Cons:

Electric Fireplace Pros and Cons

These fireplaces run on electricity and are essentially electric heaters made to look like wood-burning or gas fireplaces.

Pros:

Cons:

Any of these types of fireplaces can be installed in a home that’s being constructed.

Modern Fireplace Types to Enhance Your Home

As technology evolves, so do our options for adding warmth and comfort to our homes. Modern fireplace innovations offer exciting new ways to enjoy the ambiance of a fire without the need for traditional setups. Here are some of the latest options available:

Ventless Fireplaces Pros and Cons

Ventless fireplaces — those with no chimney venting to they outdoors — have generated concerns about releasing unsafe emissions inside the home, and some cities have banned them. But some newer versions of ventless, like the alcohol-based fireplaces, are more environmentally friendly. These ventless appliances burn ethanol (made from renewable resources like corn) and isopropyl alcohol gel. You can put them in any location. There’s no gas line or electricity to contend with. They emit a minimum of steam vapor and carbon dioxide with no toxic smoke. They do create a flame and maybe a little heat, depending on the model.

Pros:

Cons:

Water Vapor Fireplace Systems Pros and Cons

A water vapor system is sort of an illusion. The design is really for ambiance, as there’s no actual flame. It’s a fireplace where water that sits in a reservoir is used as the “fuel.” An ultrasonic atomizer uses high-frequency soundwaves to vibrate the device and turn the water into mist. It’s then illuminated with LEDs, which make the vapor appear to flicker. These are realistic and safe, since there’s no fire, smoke, or carbon monoxide produced, just water vapor. There’s no chimney, no venting, and little maintenance. Some of these devices offer a heating feature. You can find them at dealers that have electric fireplace options.

Pros:

Cons:

How Much Do Different Types of Fireplaces Cost?

The costs of your fireplace project will depend on the nature of the work you want done and factors like material, labor, and fuel costs. Here’s a sampling:

The Impact of Fireplace Options on Your Home’s Market Value

Appraisers don’t usually attribute a quantifiable value to fireplaces, because what the amenity adds to a home’s resale value depends on what an individual buyer prefers. And that’s unpredictable. Instead, they encourage focusing on what you and your family will use and enjoy.

How Different Types of Fireplaces Can Offer Unique Tax Benefits

If you’re upgrading and creating a more efficient fireplace system in your home, you may qualify for a tax credit for biomass-burning products (wood and pellets). A 30% biomass stove tax credit is available for appliances installed between Jan. 1, 2023, and Dec. 1, 2032, capped at $2,000.

Whether and how much to invest in a fireplace ultimately comes down to your goals, Sweeney says. “How often will you be using the fireplace? Is the fireplace intended to help heat your home during the winter months? Is it just for the holidays? What’s the cost of a wood-burning fireplace with a carved wood mantel that will be used once a year for the value of a family’s Hallmark moment? These are questions to consider before considering installing a fireplace.”

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