I'm planning to buy 3D Printer and print with ABS. I have a small child at home so I'm afraid that fumes can have negative impact on health.
Having done 3D printing with ABS myself, I'm familiar with this challenge. You need to exhaust the fumes--that's the long and short of it. Locate the printer near a window, open the window, and have a fan blowing air out the window every time you use the printer. Crack a window on the other side of your house for make-up air purposes.
Or print with PLA, which does not generate nasty fumes. PLA is a nice material and smells a little like popcorn when melted.
I would suggest a box (perhaps a prefab cabinet) around the printer, and a duct leading to an exhaust fan connected to the box, leading to outside (through a wall, or if renting, through a fan-plate inserted in a window opening.)
I would NOT depend on any sort of filter.
Look into a downdraft table that you can exhaust outside. These are typically used for sanding or painting but the premise is the same. The table is perforated and sucks air down and then out to a dust collector or other exaust mechanism. You would place the printer on the table and ensure the exaust is running while you print.