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Knob & Tube Wiring - How much value can be found?
Hello just wondering how much value is to be found in updating know and tube wiring prior to refinance? Is there a rough estimate? Seems like a must upgrade. Thought everyone?
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We manage lots of older units in this area of NE PA, many with knob and tube wiring. Quick answer to your question--bite the bullet now and get it upgraded.
Add outlets up to current code standards. Properly ground and bond the lines where needed. Make sure it's done by a licensed electrician who pulled a permit and had it inspected when work is complete. This is a health/safety issue--do not skimp here.
Think about this: people are working from home. That means a LOT more electrical load. Plus, while many people love older homes (our office is in a grand old Victorian built in 1896) I know of no one that would want to live in an older home without some modern upgrades to electric, plumbing, kitchen, and baths.