I have moved my hot water tank to a new location in the basement. The new location is closer to the main water line. The best way for me to describe it is; from the street to my house to the water meter and from the water meter I have 7ft. Of 3/4" pipe. I want to run a 1/2" pipe to my hot water tank first. And than to the rest of the house. So this is possible and the right thing to do.
Thanks,