Leave old wiring as it is for the time being

[Brad Smith]

Just bought an older house and have explored rewiring.  As was mentioned in another thread, I'm thinking about waiting until winter time to get bids on the work because everyone seems to be swamped in my area (San Marcos, Tx) at the moment.  I was told because of recent floods... dunno.  

I talked to one electrician who said he had a friend who had an older property that he was leasing as is... old wiring and all.  What are the risks of leasing with 50's wiring, basically, no grounding? 

Thanks,

Brad

[Matt Devincenzo]

@Brad SmithI think you missed the facetious/sarcastic tone in Chris's post. There's absolutely nothing wrong with "old" wiring. There can be issued with the actual quality of the work done, as well as issues with the materials used (aluminum wiring, fuses, knob and tube ect). 

I'd have a GOOD electrician look and tel you what NEEDS to be fixed. I say GOOD and NEED because many electricians may tell you to replace things that don't need to be done and it just costs you money. You don't necessarily need to rewire, just make sure what is there is safe.