We are currently privately renting our house and have plans to decorate and possibly install and electic fire place into an open brick fire place, what i need to know is is it best to cap the chimney off at the top to help prevent heat loss and wind and rain getting in or would a chimney baloon do the same job.
See the answer to this in DIYDoctor's project section - and as you are tenants you should ask for your landlord's permission in writing before you start.
Closing a Fireplace
A fireplace, which is not used anymore, can be successfully closed to allow more wall space…
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