An electric fireplace is also an excellent option for anyone who wants the ambiance of a traditional fireplace, but space constraints or local regulations don't permit a wood or gas fireplace, such as in an apartment, condo, or townhome. It's also an excellent choice for folks in new homes built without an existing fireplace. In addition, since flames are simulated, there is no carbon monoxide exhaust to vent, making it a safer solution for families with small children and pets.