I have a old house (1898). We have forced hot air for heat, gas is our fuel.
It's been very expensive to heat the house during the winter months, $400 a month. Due to our expanding family, we'd like to renovate the basement and make it livable, however we have the furnace, water heater, and chimney smack dab in the middle of the basement.
Would it be better to take out the furnace and all the duct work that runs under the basement rafters, get rid of the water heater and chimney and go with electric heat and a wall hung water heater?