When it comes to ambiance, there is no better home addition than a fireplace. Whether you go with wood, gas, or electric, fireplaces not only increase your home’s value, but can also lower your monthly heating costs. All three offer their own unique advantages and in the end, it’s no wonder more and more Americans are either adding—or buying—homes with new fireplaces.

Fireplace Installation Cost
Like many projects, cost reigns supreme. Costs will vary depending on the specific type of fireplace you want to have installed. The three most common ones are wood-burning, electric, and gas, the most expensive of which is wood-burning. As our fireplace installation cost estimator dictates, the average price to install a new fireplace is $1,962. However, know this price can easily expand if your home requires a new chimney, ventilation, or rebuilding of walls.

Fireplace Repairs Cost
Where some home repairs can be pushed off, fireplace repair is an issue that always needs to be handled immediately and efficiently. A fireplace that’s in disrepair is a hazard to both safety and health, as deadly carbon monoxide gas could build up or ashes could start a fire that spreads throughout a home.

The average cost of repairing a fireplace is $934, however, we have seen prices as low as $300 and as high as $2,000. The final project cost will depend on the extent of the damage to the fireplace and chimney (wood-burning), as well as whether or not there was a fire that spread into the adjacent walls. If the fireplace needs additional work such as re-lining, capping, or replacement of the cleanout door, this will add to the total cost of the project.

Fireplace Benefits

1. Added Ambiance
Depending on the style you add, fireplaces can add a natural element to any home, no matter your home’s style. Many homeowners enjoy the look and feel of a wood-burning fireplace, providing a relaxing and calming sensation. One might think $2,000 is a bit steep for added ambiance, but if you plan on living in your home for more than five years, the investment will surely pay for itself.

2. Provides Romance—and Scent
Along with ambiance, fireplaces, especially wood-burning fireplaces, add that classic traditional fire scent and extra romance to the home. Whether you’re curling up to watch the Academy Awards or making a romantic dinner, the sparks, smell and sight of a traditional fire will surely add to overall aesthetic of the home. In fact, many electrical units also offer the ability to enjoy the appearance of the flickering flame and glowing logs without producing heat. This feature is useful for creating a cozy environment in a room when the weather is too warm for a fire.

3. Lower Utility Bills
Heating bills are only going up, and a great way to combat these rising costs is by adding a fireplace. Once again, the style will have a large effect, as gas and wood-burning fireplaces tend to lose heat through the chimney. As you can imagine, electric fireplaces are more efficient and keep the heat bottled up inside the house and/or room you are heating. Either way, no mater what style you choose, you will undoubtedly save money in the long run.

4. Little Maintenance
On top of the casual repairs that occur ever so often, fireplaces require little maintenance, but much less than most assume. A pro should inspect all wood-burning and gas fireplaces on regular basis. On top of that, wood-burning or electrical requires cleaning, just as you would clean your stove or floors once they get dirty.

5. Easy To Use
Other than gathering wood for a wood fireplace, all fireplaces are very easy to use. Whether it’s flicking a switch or providing just the right amount of fuel to a wood-burning fireplace, after one or two sessions, you will surely realize just how easy using a fireplace is.

6. Environmentally Friendly
Given that wood is a renewable resource, one does not harm the environment as much as most assume. In fact, depending on your location, you may not even have to go to the store to gather wood, saving you both time and money.

Electric fireplaces do not give off any toxic greenhouse gases. Burning logs produces a certain amount of carbon monoxide, a colorless, odorless gas which can be lethal if the room is inadequately ventilated. As you read, it should be clear why fireplace repairs are a must no matter how expensive they may be.

Finally, all three types of fuel in a fireplace can be more environmentally sound than using a furnace for all your heating needs. The newest models of electric and gas fireplaces are designed to be especially good for the environment.

7. Many Options
As you have read so far, there are three types of fireplaces;nevertheless, there are many styles of which to choose from. As iterated in 6 Hot Fireplace Design Ideas, the most popular and trendy options today are:

  • Stone
  • Tile
  • Brick
  • Limestone
  • Marble
  • Wood

Of course, your chosen fireplace design will largely depend on your home’s design.

Fireplaces do more than provide heat. Fireplaces lower your heating bills, increase your home’s value, are easy to use, and all at the same time, add a bit of ambiance and romance to the home.

For more reasons to install a fireplace, please visit CheatSheet.com.