Fuse Boxes in a multi-family

[Danielle Crawford]

Thoughts on purchasing a multifamily with fuse boxes..

9 units, so a decent expense to update and the one thing that could make or break the deal.  

Current owner has had no issues in the 6 years of ownership and no issues insuring. The boxes were made by Federal Pacific, but can't find any information on their fuse boxes being an issue-just the breaker panels.

Any experience with these would be greatly appreciated!

[Jason Bott]

Quote from @Danielle Crawford:

Thoughts on purchasing a multifamily with fuse boxes..

9 units, so a decent expense to update and the one thing that could make or break the deal.  

Current owner has had no issues in the 6 years of ownership and no issues insuring. The boxes were made by Federal Pacific, but can't find any information on their fuse boxes being an issue-just the breaker panels.

Any experience with these would be greatly appreciated!

Danielle, in order to get reasonable insurance pricing, all of the standard market companies will require the fuses to be updated.  I have seen this requirement being one of the reasons owners are the selling.