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You can close up a chimney instead of demolishing it. Homeowners often go this route because the cost of removing a chimney, especially a structurally important chimney, can be expensive.

Properly closing up a chimney involves closing and sealing the damper, installing a chimney cap damper, and sealing the fireplace opening with a door or bricks. The cost to seal and cap a chimney is around $500 to $650—significantly less than the average chimney removal cost.

A fireplace's lifespan varies significantly depending on its type, the quality of construction, the materials used, and how well it is maintained. On average, you can expect a fireplace to last between 10 and 30 years, with many homeowners experiencing major issues after about 20 years.

Here's a breakdown by type:

• Gas Inserts: Typically last 10 to 25 years with proper maintenance.

• Electric Fireplaces: Have a lifespan of up to 20 years.

• Traditional Brick Fireplaces: Can last for centuries, but require ongoing maintenance and repairs, such as tuckpointing.

In many cases, it is worth repairing an old fireplace. You can repair any portion of the fireplace, and even extensive repairs will usually cost less than a full replacement. Most fireplace repairs cost around $600 and top out around $2,500. Replacing your fireplace will cost around $2,500 and reach as high as $4,000. Not only will fireplace repair save you money in most cases, but the process is also much less invasive and time-consuming, so you’ll only have to set aside one day to be home for the work rather than multiple days.

Shiplap can be safe for a gas fireplace, but you should consult with a fireplace installation pro before proceeding. You need to make sure your project meets building and safety codes since shiplap is made from flammable wood. You may need to install another non-combustible material, like stone or brick, around the fireplace for a certain amount of space before you can add shiplap.