Will removing a gas fireplace (and replacing with an electric fireplace) negatively impact resale value?
I'm wondering if removing a fireplace would add (or reduce) resale value of the home down the road? We'll be living here for at least the next 5-7 years, but just thinking ahead. Photo here. As you can see, the fireplace is taking up valuable space in the family room, where we'd like to wall mount a TV. We're thinking of mounting an electric fireplace under the TV, so they're both flush against the back wall.
Would making these changes negatively impact the value of the house? I realize it's subjective, but curious to hear from those who've been through this process a few times (buying/selling/upgrading homes).