Last week we wrote about Four Lexington Ky Home Inspection Red Flags. These conditions can be so expensive to remedy that buyers may choose to renegotiate the sale price of the home or walk away from the deal entirely. The four red flags are structural problems, roof replacement, water damage, and unsafe electrical wiring. If a home inspector reports that the home needs to be rewired, here are some things you should know:
Replacing a home’s electrical systems is generally only a concern when purchasing a home constructed before 1965. Original wires may not be properly grounded and may not be able to handle the high demands of today’s flat screen TVs, computers, and appliances. The home’s fuse or breaker box may need to be replaced with one of upgraded capacity. Older homes may have only 60-100 amps of service while the standard today is a minimum of 200.
Outdated wiring is a safety risk. The U.S. Fire Administration reports 25,900 residential electrical fires each year.
Rewiring involves replacing the old wire and even adding additional outlets in each room. GFCI safety outlets may be installed in the kitchen and bathrooms as well. Costs quickly ramp up if walls need to be torn down in order to remove the old wire. It will be cheaper if an electrician can thread the wires in place via a small hole in each wall. Expect to pay $8,000 to $15,000 to rewire a 2,000 square foot home.
Whether you are buying a historic home or new construction, be sure to hire us as your Lexington Ky Home Inspector.
Absolute Home Inspection performs residential and commercial inspections including air quality, termite, and radon inspections in the Lexington and Central Kentucky area. Our professional home inspections enable you to make an informed decision when buying a home in Lexington, Winchester, Paris, Georgetown, Versailles, Midway, Frankfort, Nicholasville, Berea and Richmond, Kentucky. Contact us for your free quote.