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Updated almost 12 years ago,
Total Rewire costs?
I'm looking at a property the house (6-units) was built in roughly 1890-1900 and possibly the wiring needs to be completely redone. It looks like it has been updated/worked on at least once but a total mess in the basement.
I was just wondering the timeframe and potential cost of such a project. I was doing some research online and came up with from anywhere between $14,000 - $30,000 with a week+ of work to do it. Are these numbers in the ballpark? I the house is roughly 2,780sq ft and 6 units as I said.
I know you can't give me exacts and the best option would to have an estimate done, but I was wondering if anyone could ballpark it as it could possibly be a deal-breaker if the cost couldn't be negotiated into the purchase price. Or any experience of the headaches of getting this type of work done while it is fully rented out.
Just looking for any insight on the matter if someone has run into this before.
Thanks in advance.