When you take a look at some of the older homes out there, it seems like all of them had fireplaces in them. This is a big selling point, especially if the fireplace is still in good condition. When we take a look at some of the newer homes though, it seems that fewer homes have fireplaces any longer. Surprisingly, this is not because fireplaces are less desirable than before. Some of the main reasons why these fireplaces are not as common in new homes anymore include: They are expensive to install and maintain. The homes with a fireplace cost more and may place them out of budget for many buyers. The number of homes in the north where fireplaces are most popular are lower compared to the south, where a fireplace is not needed as much. There are many other heating alternatives out there that you can use that are more efficient. With a heating system in the home, you are less likely to need a fireplace. Heat loss that can happen with an open chimney, which can lead to higher heating costs. There are some areas that are at higher risk of fires that will not allow fireplaces at all. Adds to the home insurance liability. Changes in heating and cooking options so using a fireplace is not as common. When all of these come together, you will find that newer homes are not all going to have fireplaces. However, you can easily add one to your home, no matter how new it is, making it a hot commodity if you ever choose to list the home. If you live in an area with cold winters, a fireplace can especially increase your home value. Whether you want to add a fireplace or complete other home improvement projects you can use a personal loan for financing.