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Updated about 9 years ago on . Most recent reply
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Does an older house need to be rewired?
I am rehabbing one apartment in a 1937 triplex in Los Angeles I just bought. Looks like the electricial wiring is original two cloth-insulated wires, although the kitchen and bathroom have three-prong GFI outlets. The main panel supplies 100amps for the whole building. The inspection didn't point out anything about the electricials, so I am trying to determine how much work is required vs what is nice to have. To rewire the whole building to modern codes and upgrade the power supply to 200amps would cost 15k. But what do I need to do? Can I get away with the existing wiring? I know new construction must be to code, but what about older buildings?
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Can you get away with it? Depends on the jurisdiction, inspector, and level of rehab you're doing. If you can get away with it, should you? Depends on your moral compass. That old wiring is pretty sketchy, the insulation usually falls off with just the slightest touch. Any critters or other movement could expose the wiring within the walls/ceilings with palpable risk of fire. Making things worse, most of those types of homes don't have adequate fire/smoke alarms. Given the chance, I replace it...it might mean that I don't get a record profit on the project (or any at all), but I sleep well knowing I've done the best I can.
That being said, 15k for a re-wire and panel upgrade it pretty steep for one apartment. You might be able to find a more attractive offer.
Updated electrical is a prerequisite for me in choosing s rehab. The work updating electrical yields almost no return but can be quite costly and time consuming. I've yet to meet a prospective buyer who enters the house and says "look honey, this one has a new electrical panel, and receptacles!" Nevertheless, once you've gone down that road, it's a very strong "should" do.