Rewire or not?

[Jason Douthitt]

Anyone rewire any units in Oklahoma lately? I'm bidding on a property that is 60 years old. It's going to need a higher amperage box and since the drywall will be out anyway, I'm thinking that the old wiring should be replaced? Is this a good idea? I have never had this done so I have no idea what it costs? Pros and cons? This will be a flip not a rental. 1100 sq ft 3 bed 1 bath. B

[Paul Choate]

I just remodeled a unit in Shawnee, ok. It required a new breaker box moved out of a new bath space outside on an exterior wall. I also had the electrician tighten up a few other issues. Material and labor was about $800.  When in doubt I always just do the electrical. Mine are holds but I have found the cost to be very reasonable and it is not fun replacing things after tenants move in. I assume an inspection will notify buyers that the wiring is still old. I have found it is a big selling point to say the electrical is updated. Tenants see it as a safety issue.