There’s a number of things that have to be done to a home over the years. It’s not necessarily because the home has been mistreated in any way. It’s simply because, over time, things get old and need to be replaced. Sometimes, it’s even because you want to upgrade the house, add new rooms and new additions, but the old wiring simply doesn’t have the stability and strength to be able to handle the upgrade.
Rewiring a house is one of the most common upgrade necessities over the years. It’s said by many electricians that if your house is over fifty years old, you should, at the very least, have your wiring inspected. This is because, as electrical wiring ages, it begins to lose stability. And as wiring loses stability, the chances of something breaking and sparking, and causing a huge fire, goes up exponentially.
But then comes the important question. How much is rewiring a house going to cost? It would seem as though rewiring a house would be a huge money sink, and it’s hard to justify spending money in today’s economy.
The first thing you should do, however, is recognize how important rewiring a house can be. If your electrical wiring is old, it can easily cause fires. These fires can quickly spread throughout the house, and then you’re left with the cost of repairing fire damage in addition to the cost of rewiring. From that perspective, it’s much, much cheaper to simply rewire the house!
On the most basic level, the cost of rewiring a house is anywhere from $8,000 to $15,000 on a house that’s between 1,500 and 3,000 square feet. The size of the house isn’t the only factor when it comes to the cost of rewiring a house. Another factor that an electrician takes into account is how old the wiring is, and how much effort will need to be utilized in order to complete the job. Some houses, especially older houses, will have odd, complicated wiring patterns that make things difficult on modern electricians. Not because modern electricians lack the skill, but because things have been streamlined over the years to ensure ease of future workers.
Given the cost, it may seem cheaper to simply rewire the house yourself. You should avoid that temptation, however! Rewiring a house often involves dealing with dangerous wiring and outlets, not to mention taking out sections of walls and flooring. It’s a great deal of work, and it requires a great deal of precision and expertise.
At the end of the day, you should be looking to spend at least $10,000 on rewiring your home. It may be less, and it may be a bit more, but if you plan on that amount, you’ll at least have a good portion of the cost covered. It’s not a home upgrade that you can do on a whim, because the cost is rather high. However, it is a home upgrade that you should plan for if you own a home.