my 2 cents from being a former Hvac worker. If you have the $ available consider getting a high efficient tankless hot water heater at the same time. Depending on the layout of your furnace room a new furnace could potentially be tucked into a corner and new ducting used with a reducer to connect to existing main trunk lines. upgrading both to high efficient eliminates the need for the chimney venting.
could give you significantly more room in your mechanical room for storage.
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