Fireplaces and home values

Question from Mary: 

We are considering removing our WBFP with a ventless gas fireplace, will that have a negative impact on the value of our home?

Jake's Answer: 

Mary,

I don’t think it will reduce the value of your home, it might reduce the desirability.  I am a remodeling contractor, not a real estate expert and you might want to check with an agent in your area that is familiar with your neighborhood.  I would bet that most people are only interested in the fact you have a fireplace, not necessarily what type of fireplace you have.